Tourism Industry Performance - Thailand's foreign tourist arrivals decreased by 725% year-to-date, totaling 2625 million [1] - The Tourism Authority of Thailand anticipates a 6% year-on-year decrease in foreign tourist arrivals this year, marking the first annual decline in a decade excluding the pandemic period [1] Economic Factors - Safety concerns and a relatively strong Thai Baht exchange rate have suppressed tourist demand from major markets like China [1] - Analysts suggest that weak Thai tourism demand and sluggish merchandise exports will limit the appreciation potential of the Thai Baht [1]

Tourism Industry Outlook - The Tourism Authority of Thailand projects a 6% year-over-year decrease in foreign tourist arrivals this year [1] - This decline marks the first annual decrease in a decade, excluding the pandemic period [1] - Safety concerns and a strong Thai Baht are factors suppressing tourist demand from key markets like China [1] Currency & Economic Impact - Analysts suggest that weak Thai tourism demand and sluggish merchandise exports will limit the appreciation potential of the Thai Baht [1]

Currency Market - The Thai baht is projected to achieve its largest annual increase in six years against the US dollar [1] Government Impact - This appreciation poses a challenge for the new government led by Prime Minister Anutin Charnvirakul [1]

Currency Market - The Thai baht is projected to achieve its largest annual increase in six years against the US dollar [1] - This appreciation of the Thai baht poses a challenge for the new government led by Prime Minister Anutin Charnvirakul [1]

According to the Bangkok Post, Thailand's SEC and central bank are jointly launching a national crypto sandbox to allow foreign tourists to convert digital assets into Thai baht for spending. Tourists can exchange crypto via licensed providers and use the converted baht through regulated e-wallets across the country.https://t.co/zM7PUtMzvr ...