# THB/USD: Thailand Tourism Boom Drives Baht to Asia's Best Currency - Bloomberg

> The Thai baht rallied about 2.3% in August to around 35.45 per dollar, leading Asian currency gains. The move reflects optimism about tourism-led growth and rising tourist arrival forecasts. A narrowing current-account deficit from falling oil prices is also supporting the currency.

- Date: 2022-08-15 · published 2022-08-15T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/40307-thb-usd-thailand-tourism-boom-drives-baht-to-asia-s-best-currency-bloomberg
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger baht lowers the local-currency cost of imported feed ingredients for Thai buyers, while tourism-driven growth supports domestic demand for feed and protein.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-08-15/asia-s-best-currency-is-driven-by-tourists-pouring-into-thailand

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