Home Asia Thai Baht On Global Emerging Markets

Thai Baht On Global Emerging Markets

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View of the city of Bangkok, Thailand after sunset.

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.

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Ivy Heffernan, student of Economics at Buckingham University. Junior Analyst at HeffX and experienced marketing director.