# Emerging Asia's best currencies become worst amid virus woes - The Business Times

> Emerging Asian currencies have turned from the region's best performers to its worst as the coronavirus pandemic hits travel and trade. Airlines have cut schedules to almost nothing, and Thailand's tourism council forecast a sharp contraction this year.

- Date: 2020-04-01 · published 2020-04-01T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/53906-emerging-asia-s-best-currencies-become-worst-amid-virus-woes-the-business-times
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Weaker Asian currencies raise the local-currency cost of dollar-priced feed imports, which can dampen demand. The broader demand hit from the pandemic also weighs on feed and meat consumption.

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/emerging-asias-best-currencies-become-worst-amid-virus-woes

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