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Bangkok Post

Business

Baht tipped to have a strong year

Singapore Christopher Wong Asia

(Photo: Deposit Protection Agency)

The race to be Southeast Asia’s best-performing currency in 2023 looks like it could be between the Thai baht and Singapore dollar.

The baht is set to be powered by an influx in Chinese tourists after Beijing rescinded most of its Covid controls over the past month, paving the way for a recovery in outbound travel. China is also Thailand’s biggest export market so the efforts by the world’s second-largest economy to bolster growth should help too.

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