Thailand's current account surplus likely remained healthy in January: Standard Chartered

Quotes from Standard Chartered:

-Thailand's current account data for January will be released on 27 February. We expect Thailand to report the fourth consecutive monthly surplus, supported by improved terms of trade and a recovery in tourism. The country's terms of trade are calculated as the proportion of export prices to import prices, multiplied by 100.

-As such, falling oil import prices lower the import prices and improve the terms of trade, boosting the current account surplus. We also expect a recovery in tourism after concerns over political instability dissipated. We forecast a healthy current account surplus of USD 3.05tn in January.