Singapore dollar to tussle with baht for best regional currency


Source: straitstimes.com straitstimes.com

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SINGAPORE – The race to be South-east Asia’s best-performing currency in 2023 looks to be between the Thai baht and the Singapore dollar. The baht is set to be powered by an influx of Chinese tourists after China rescinded most of its Covid-19 controls over the past month, paving the way for a recovery in outbound travel. The mainland is also Thailand’s biggest export market, so the efforts by the world’s second-largest economy to bolster growth should help too. The baht may get an early boost to start the year if December inflation numbers due on Thursday show that Thailand’s...