# Thai baht goes from top-performing to worst-hit currency in Asia | Thaiger

> The baht has become the worst-performing currency in Asia after being the strongest before the pandemic, according to Mizuho Bank and Refinitiv data. Thailand's economy has contracted over the past year, with lack of international arrivals cited as the main drag.

- Date: 2021-07-26 · published 2021-07-26T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/46338-thai-baht-goes-from-top-performing-to-worst-hit-currency-in-asia-thaiger
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Continued currency weakness raises the dollar cost of imported feed ingredients for Thai producers. The lack of tourism also signals weak domestic demand for meat and feed.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- thethaiger.com: https://thethaiger.com/news/national/thai-baht-goes-from-top-performing-to-worst-hit-currency-in-asia

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