# Asian currencies: Thailand Covid, lack of tourism hit Thai baht

> Mizuho Bank called the baht's underperformance uncharacteristic, making it Asia's worst performer in 2021, and it has fallen more than 10% against the dollar year-to-date. Thailand had only about 34,000 tourist arrivals through May, compared with roughly 39 million in 2019.

- Date: 2021-07-26 · published 2021-07-26T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/46334-asian-currencies-thailand-covid-lack-of-tourism-hit-thai-baht
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

The baht's steep decline, driven by the collapse in tourism, raises Thai import costs for feed ingredients priced in dollars. Buyers should expect continued pressure on local feed costs while travel remains shut.

## Read by commodity

- USDTHB: bullish ▲

## Sources

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

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