The "uncharacteristic under-performance in the Thai Baht, rendering it the worst performer to date in 2021," Mizuho Bank said in a note on Friday.
It's going to be "very challenging" for Thailand to reopen up to tourists while still battling the Covid pandemic, said Nomura's Chief Asean Economist Euben Paracuelles.The Thai baht, once the strongest-performing currency in Asia before the pandemic, has been steadily falling in 2021 and is this year's worst-hit currency in the region, according to Mizuho Bank.
The Thai baht has plunged more than 10% against the U.S. dollar year-to-date, as of Monday morning, according to Refinitiv Eikon data.
bitcoin fixes this.
Philippine Peso and bitcoin is the steongest when Im in Asia
Bitcoin
Thai baht was too high
wow
Bullish for Bitcoin
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