U.S., Oct. 5 -- Thailand's currency has reached a five-year high in 2025, driven by a significant surge in gold exports. Gold shipments jumped nearly 70 percent in the first seven months of the year, to more than 254 billion baht, with Cambodia alone accounting for over 71 billion baht of demand. This surge has delivered massive capital inflows and strengthened the baht, which now shows one of the tightest links to global gold prices in recent memory.

Gold and the Thai Baht Thailand's Visible Exports Thailand's Good Exports as Cultural Ambassadors Invisible Exports: Tourism as Stabiliser FACT BOX: Thailand's Currency & Exports 2025 Policy and Outlook on Gold For investors and policymakers, this is headline news. For the travel and touris...