Economics
World-Beating Baht Adds to Thai Challenges as Exports Fall
- The currency is the strongest of all in the past six months
- Exports contracted in December for the second month in a row
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A surge in the baht is adding to the challenges facing Thailand’s trade-dependent economy this year as exports decline.
The baht’s climb of about 5 percent against the dollar in the past six months is the strongest in the world, according to data compiled by Bloomberg. Exports are already suffering from the U.S.-China trade war and fell in December for the second straight month, Commerce Ministry figures showed Monday.