ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Thai baht, equities gain on tourism boost during Lunar New Year

Financial trade tax and election create mixed economic outlook

Vietnamese tourists dressed in traditional Thai costumes take a selfie at Wat Arun temple ahead of the Lunar New Year in Bangkok on Jan. 18.   © Reuters

BANGKOK -- The Thai baht is leading Asian currencies as it bounces back on the return of Chinese tourism during a critical peak travel period.

The baht appreciated to a nine-month high of 32.65 against the dollar on Friday before the Lunar New Year weekend. The currency strengthened further on Monday, hitting 32.60 at one point. In October, the baht fell close to 38.50 -- a 16-year low.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more