# BoT says Thai baht fluctuates more frequently - Pattaya Mail

> The Bank of Thailand said the baht fluctuates more often because of uncertainty over the economic policies of major powers. Governor Veerathai noted the baht is less volatile than other Asian currencies. He suggested traders use foreign currency deposit accounts and forward purchase agreements to hedge exposure.

- Date: 2017-04-21 · published 2017-04-21T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/71751-bot-says-thai-baht-fluctuates-more-frequently-pattaya-mail
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Currency swings add hedging costs for Thai importers of feed ingredients, but the story does not signal a change in commodity supply or demand.

## Read by commodity

- USDTHB: neutral

## Sources

- pattayamail.com: https://www.pattayamail.com/thailandnews/bot-says-thai-baht-fluctuates-frequently-171389

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.