Thai baht is worst performing currency in Southeast Asia
The Thai baht was the worst performer among commonly traded Southeast Asian currencies during the first quarter, as its fundamentals were eroded due to lack of tourist spending.
The baht depreciated 4% against the U.S. dollar to 31.24, according to Refinitiv data. The fall stood out from regional peers, which also were in decline. On Wednesday, the baht reached the cheapest level in roughly half a year.
