Baht benefitting from stong economy, current-account surplus
Fourth-quarter GDP expected to extend streak of 3% or greater
The baht is looking to repeat its performance as one of Asia’s best currencies last year. Monday’s growth data will shed light on a key pillar of its recent strength and may help it stay in pole position at least through the first quarter.
After being beaten by only the yen in 2018, the Thai currency has outshone all its regional peers so far in 2019, rising by 4 percent against the dollar. A robust domestic economy has helped it outperform both the won and Taiwanese dollar, which also have the benefit of a current-account surplus.