Baht’s biggest rally since 1998 threatens Thai tourism, exports

Quick Summary:

Thailand’s baht is on course for its biggest quarterly gain since the Asian financial crisis, threatening to derail a recovery in the nation’s key tourism and export industries.

Steps should be taken to ensure that the baht “is not too weak, or too strong, and most importantly, not too volatile,” he said.

For now, Thailand is on course to meet its target of hosting 36.7 million tourists this year and generate 2 trillion baht in revenue.

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Article Details

Category: EconomyBusiness

Markets: ThailandAustraliaChinaIndonesiaNew ZealandPhilippines

Topics: Currency Thai Dollar Baht According Year Foreign Tourism Thailand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-20 @ 09:09:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 718 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22614168

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 16 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 5 hours ago

Coverage Areas: Thailand

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #66

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