# The Thai baht, Asia's best-performing currency, faces reversal | The Straits Times

> The Thai baht, Asia's best-performing currency in 2019, has lost momentum as easing US-China trade tensions reduce its safe-haven appeal. It rose only 0.1 percent in December and traded around 30.2 per dollar. The central bank has cut its growth forecasts and is trying to restrain the currency's strength.

- Date: 2019-12-23 · published 2019-12-23T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/55841-the-thai-baht-asia-s-best-performing-currency-faces-reversal-the-straits-times
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weakening baht would make Thai exports more competitive, while the slowing economy points to softer demand for imported feed inputs. The outlook implies a modest rise in USD/THB.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- straitstimes.com: https://www.straitstimes.com/business/the-thai-baht-asias-best-performing-currency-faces-reversal

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