Thai Baht Weakening Due to Thailand’s Election and Struggling Economy

The baht is about to hit some turbulence -- not only volatility from the March 24 election, but also a period of seasonal weakness that is fast approaching.

Thai Baht Weakening Due to Thailand’s Election and Struggling Economy

BANGKOK – The baht, Asia’s best-performing currency, has weakened in the second quarter for seven of the past 10 years, partly due to foreign repatriation of Thai dividend payments and a seasonal fall in tourist demand, according to market participants. The currency has already retreated almost 2% from its strongest since 2013 against the dollar […]