The currency gained 0.3% against the dollar in late May, making it the sole gainer among developing-nation currencies during May. Net foreign inflows into stocks surged to the biggest in more than six years on speculation Thailand would win a larger weighting in the MSCI Emerging Markets index. Overseas investors also turned net buyers of Thai debt this month for the first time since November.
Foreigners bought net $393 million of domestic equities May 28th, the biggest daily inflow since 2012. International investors accounted for about 79% of total volume, according to stock exchange data. They also poured net $605 million into the nation’s debt market during May.
Thailand is #7 on the global list of tourism per country. Which has now resulted in a mandatory 100 baht insurance fee upon arrival for foreigners without insurance.