# Coronavirus: Thai baht weakens as reduced Chinese tourism hit Thailand

> The Thai baht has lost about 4.1 percent against the US dollar so far in 2020, reversing much of its 2019 gains, after the coronavirus outbreak reduced Chinese tourism. A CNBC economist said Thailand is too dependent on Chinese demand, with tourism and exports to China making up about 2.7 percent and 6 percent of GDP respectively.

- Date: 2020-02-06 · published 2020-02-06T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/54841-coronavirus-thai-baht-weakens-as-reduced-chinese-tourism-hit-thailand
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Weaker Chinese demand for Thai goods and tourism lowers Thailand's import capacity and currency strength. The effect on feed ingredient prices is limited, but it reinforces the demand downside from China.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2020/02/06/coronavirus-thai-baht-weakens-as-reduced-chinese-tourism-hit-thailand.html

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