Thailand’s central bank Governor highlighted the increased currency volatility in emerging economies, partly due to interest rate discrepancies with advanced economies like the US. The Thai baht has seen the swings rise to 8%-9% from about 3%-4% before the pandemic. Although manageable due to Thailand’s robust reserves and returning surplus in external payments, the Governor cautioned against complacency. He also expressed concerns about high levels of household debt and the changing spending patterns of tourists in the tourism-driven economy, noting a 25% decrease in spending by foreign visitors compared to pre-Covid times.