Bangkok Post – Baht seen extending losses after dismal start to 2024

January 29, 2024

PUBLISHED : 29 Jan 2024 at 08:53

Tourists visit Wat Arun, known as the Temple of Dawn, on Jan 17, 2024. Thailand has waived visa requirements for Chinese visitors to bolster tourism. (Photo: Bloomberg)

Thailand’s baht is set for its worst January since 2020 with a loss of nearly 4% versus the dollar, and heavy outflows signal more pain ahead for the currency.

The baht has gone from being emerging Asia’s top-performing currency in the fourth quarter to the biggest loser this year as global funds…