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Thai baht is worst performing currency in Southeast Asia

Lack of tourist spending erodes fundamentals during first quarter

A big downturn in international arrivals has hit the Thai baht this year.

BANGKOK -- 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.

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