# Thai Baht is Asia’s Top Outperformer on Tourism Rebound Bet - Malaysia Today

> The Thai baht rallied about 1.5% in May after falling more than 7% in the first four months of 2020, making it Asia's top performer. Traders are betting on a fast tourism-led recovery as economies reopen, though the government warned the economy could contract as much as 6% this year.

- Date: 2020-05-20 · published 2020-05-20T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/53403-thai-baht-is-asia-s-top-outperformer-on-tourism-rebound-bet-malaysia-today
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

The baht's rebound reflects expectations of recovery in Thailand's tourism sector and modestly lowers the cost of imported feed for Thai buyers. The rally may be limited by the expected economic contraction.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- malaysia-today.net: https://www.malaysia-today.net/2020/05/20/thai-baht-is-asias-top-outperformer-on-tourism-rebound-bet/

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