Thai baht hits 5-year low as China curbs foreign travel

Beijing's COVID clampdown dims recovery outlook for Thailand's tourism industry

20220513N Thai Tourism REUTERS

Thailand lost nearly all of its tourist traffic from before the pandemic. © Reuters

AKIRA INUJIMA, Nikkei staff writer

TOKYO -- The Thai baht tumbled Friday to a five-year low against the dollar as the country's vital tourism industry faces poor prospects of drawing visitors from China, which is discouraging overseas travel.

Thailand's currency entered 34.70 baht-per-dollar territory, the weakest since May 2017.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.