The baht rallied to about 33 per dollar this week on US-Japan yen intervention, but Standard Chartered expects it to stay weak and end 2026 near 32.50. Exporters and tourism-linked businesses may gain some price competitiveness, though the bank says that will not offset weak domestic demand. Q2 growth is seen below 2%, with a rebound in Q3 from government stimulus. Foreign tourist arrivals are down 3% year-on-year and hotel occupancy is 69%, with some hotels cutting room rates. Consider pricing, import cost and cash-flow plans on a weaker baht, and don't count on a sustained tourism pickup in the second half.