Once Asia’s top performer, the Thai baht is now becoming the region’s worst-hit currency

[anchadian]

KEY POINTS

The “uncharacteristic under-performance in the Thai Baht, rendering it the worst performer to date in 2021,” Mizuho Bank said in a note on Friday.

 

Thailand had only over 34,000 tourist arrivals as of May this year, compared with over 39 million in 2019.

 

It’s going to be “very challenging” for Thailand to reopen up to tourists while still battling the Covid pandemic, said Nomura’s Chief Asean Economist Euben Paracuelles.

 

https://www.cnbc.com/2021/07/26/asian-currencies-thailand-covid-lack-of-tourism-hit-thai-baht.html

[Kwasaki]

I am not complaining, getting a better £ rate. 

[Maha Sarakham]

And long may it continue to tank!