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Published on : Thursday, June 15, 2017
The Tourism and Sports Ministry said on Monday that the baht in the year till now has appreciated by 14% against the pound sterling, 8% against Malaysia’s ringgit, 5% against the euro and 2% against the US dollar. Supporting the trend was the Russian ruble, up by 20% against the baht during the first five months of the year as arrivals from Russia grew by 31%.
The ruble is expected to continue climbing during the second half of the year.
External factors like Brexit, a sluggish Malaysian economy and US policies under President Donald Trump, have also played a part.