FILE PHOTO: Chinese tourists with face masks watch a traditional Thai dance at Erawan shrine, a popular spritual landmark in Bangkok, on Jan 27, 2020. (AFP)
The baht slid to the lowest level since March last week but some believe it will bounce back in coming months.
The currency is poised to recover as an upsurge in Chinese tourists bolsters the nation’s finances, while any resolution to the political standoff that is dragging down Thai assets will likely lead to a relief rally, analysts say.
“A significant influx of tourists in the second half can contribute to a surplus in the current account by boosting tourism receipts, which will positively affect the value of the baht,” said Poonyawat Sreesing, a senior economist at…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
