Thailand has allowed shopping malls to resume business as part of a phased rollback of its lockdown, even as it remains in a state of emergency through May.
SINGAPORE: After lagging other Asian currencies for most of the year, Thailand’s baht has staged a sharp rebound to outperform its peers.
The baht has rallied almost 1.5% in May after dropping over 7% in the first four months of 2020.
The catalyst? Traders are betting Thailand’s tourism-dependent economy will recover swiftly from the virus-induced slump as economies begin to reopen.
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