“A weaker baht will bring back foreign visitors as they need to spend less for the same amount of products and services,” ATTA president Sisdivachr Cheewarattanaporn said on Monday. “However, how much effect this has on the overall tourism industry is yet to be evaluated as several countries are still suffering from economic recession. “Again, most travellers will be big spenders, as they are probably not worried about having to pay extra,” he said. The Bank of Thailand reported that this year the baht rose to the highest at 32.83 baht to the US dollar in February, before dropping to 34.57 in May and 35.13 in June. On July 7 the baht dropped to 36.36 baht to the US dollar, the lowest so far this year.

Source: The Nation Bangkok July 12, 2022 09:33 UTC