Stronger baht driven by recovering tourism sector

Holiday destination: Travellers walk through the arrival terminal at Suvarnabhumi International Airport in Bangkok. The baht is on an uptrend, given the momentum in the tourism industry as the number of visitors to Thailand continues to grow. — AFP

BANGKOK: Thailand’s baht has rebounded so rapidly in the past few weeks on optimism about the country’s tourism-led growth that it’s already hit year-end analyst targets.

The currency has jumped 2.5% to about 35.45 per United States dollar (RM4.45) this month, leading gains in Asia by a wide margin.