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Thai baht Exchange Update, Chart & History

THB Markets Update - Our review of Thai baht Forecasts and News plus Charts and Historic Rates. Check THB Trends over various time periods.

 

Thai baht (THB) Market Update

The Thai baht has displayed a continued weakness against the US dollar, hovering around the 34 level into the second quarter of 2023. Despite its subdued performance in the forex market, the current valuation of the Thai baht presents an attractive opportunity for visitors, particularly with Thailand's recent relaxation of border controls aimed at reviving global travel. This move has already started to yield positive results, as evidenced by the influx of 1 million tourists to Thailand in July, signaling a steady progression towards pre-Covid tourism levels. It is noteworthy to mention that both Malaysia and Thailand stand out as key players in the Asian oil production landscape, which could impact the THB's stability and future trajectory.

According to recent price data, the THB to USD exchange rate at 0.027521 is trading 2.2% below its 3-month average of 0.028135, indicating a somewhat stable trading range of 6.4% between 0.027436 and 0.029192. Similarly, the THB has shown a slight depreciation against the euro, with the THB to EUR rate at 0.025407 being 1.8% under its 3-month average of 0.025872, fluctuating within a narrow 5.2% range. The THB to GBP exchange rate stands at 0.021792, displaying a 1.7% deviation from its 3-month average of 0.022172, with a relatively steady trading range of 6.5% observed. Conversely, against the Japanese yen, the THB to JPY rate is currently slightly above its 3-month average, showcasing remarkable stability within a 3.0% range. Keeping an eye on these trends along with the broader market view can provide valuable insights for individuals and businesses engaging in THB-denominated transactions.

 

US dollar to Thai baht - USD/THB Trend

 
USD to THB at 36.41 is 2.4% above its 3-month average of 35.57, having traded in a relatively stable 6.4% range from 34.26 to 36.45
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1 USD =
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THB
 
+0.2%
📈3M
 
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Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

 

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