# Baht depreciation expected

> Krungsri expects the US Federal Reserve to raise its policy rate by 25 basis points in December and possibly twice in 2017. It forecasts the baht will depreciate over the next two quarters, with the currency at 35.75 per dollar at year-end. Thai bond issuers would face higher funding costs.

- Date: 2016-11-25 · published 2016-11-25T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/74087-baht-depreciation-expected
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger dollar and weaker baht make feed imports priced in dollars more expensive for Thailand. Higher US rates also raise financing costs for Thai agribusiness.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30300862

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