High THB causes concern, impact on the tourism.
Dilemma is, More Tourist Arrival, Higher THB Goes UP.
While Foreign visitors are here, they change their money into THB(cash, debit/credit card).
Whatever their method is, they are selling own countries' currencies to buy THB.
Current situation is just the same s mass THB buying by tens of millions of crowds.
That is the one of the driving forces behind stronger Thai Baht.
While there are also other factors that lead to this phenomenon.
Such as;
1-Lowering inflation rate(August figure is 0.35%; 0.83% in July).
Currencies of the countries with the high inflation usually go down; the opposite is happening here now.
2-Current Account Surplus: Thailand is strongly in Black.
3-Tightening monetary policy by the central bank of Thailand.
Stability of financial system is seemingly the top priority above economic boom.