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Thailand’s rising baht weighs heavily on economy, exporters and tourism

From farms and factories to hotels, Thai businesses are feeling the bite of a strong baht, which is eroding export margins and raising fears that holidaymakers will seek better value destinations elsewhere in Asia. The surging currency has added to the pile of problems for Thailand’s economy, which has slowed after two years of political instability. The baht has gained more than 8 per cent against the US dollar this year, rising from 34 to the dollar on January 1 to a high of 31.70 on September...


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