Rally of Baht stopped due to the absence Chinese tourists

Tuesday, November 22, 2022

May be the rally in the Thai baht is coming to an end without new catalysts, like the return of tourists from China, as technical indicators pinpoint the currency is overbought.

In the past month, the baht has advanced almost 6% against the dollar and in Asia was the second-best performing currency as China made Covid curbs easy and investors bet that the Federal Reserve will slow its rate hikes. The economy continues to get bigger, with third quarter gross domestic product rising by 4.5% from a year ago, as per the data published on Monday.

« Back to Page

• Thailand and China to waive visa requirements for each other’s nationals

• Thailand’s visa-free policy increases Indian and Chinese tourists: Everything you need to know

• Rise in Malaysia and Singapore gaming industries, attract Chinese tourists

• Hong Kong’s luxury retailers are adapting to shoppers turned tourists

• Malaysia aims to boost the number of Chinese tourists