# Thai Baht Loses Rank As Best-Performing Currency After Trade War Issues Ease Up

> The Thai baht has lost its status as Asia's best-performing currency after easing US-China trade tensions reduced its appeal as a haven. It gained only 0.1 percent in December and fell to around 30.2 per dollar. The central bank is working to temper its strength as local bond yields fall and equity outflows continue.

- Date: 2019-12-23 · published 2019-12-23T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/55844-thai-baht-loses-rank-as-best-performing-currency-after-trade-war-issues-ease-up
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker baht would improve Thai export competitiveness, though slowing regional growth limits the impact on feed demand. The move points to a modest rise in USD/THB.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- btimesonline.com: https://www.btimesonline.com/articles/123751/20191223/thai-baht-loses-rank-best-performing-currency-trade-war-issues.htm

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