Skip to content
Subscriber Only
Markets
Economics

World-Beating Currency Gives Thailand Major Economic Headache

  • Baht is best performer globally against dollar over five years
  • Growth estimates cut for economy relying on trade and tourism
Baht Outperforms Regional Peers
Photographer: Brent Lewin/Bloomberg

Thailand’s effort to revive economic growth with more than $10 billion of stimulus faces an obstacle from its surging currency.

The baht has strengthened more than 6% against the dollar in 2019, the most among major Asian currencies, and its appreciation leads the world over the past five years, according to data compiled by Bloomberg.