Once Asia’s top performer, the Thai baht is now becoming the region’s worst-hit currency

Once Asia’s top performer, the Thai baht is now becoming the region’s worst-hit currency

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 Japanese bank pointed to “uncharacteristic under-performance in the Thai Baht, rendering it the worst performer to date in 2021” in a note on Friday.