Bank of Thailand intervenes to stabilise baht’s exchange rate

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Bank of Thailand intervenes to stabilise baht’s exchange rate

The Bank of Thailand is actively intervening to stabilise the baht, aligning its exchange rate with regional currencies. The central bank's international reserves have risen, benefiting from these interventions and the dollar’s depreciation. While the baht's strengthening impacts export revenues, it is expected to have minimal negative effects on the tourism sector, with key visitor markets also experiencing currency appreciation. In August, 3 million tourists visited Thailand, and spending remained stable despite a slight dip in visitor numbers from China and Malaysia.