Forecasts for AED to THB
The current exchange rate for AED to THB is experiencing notable pressures, recently hitting 7-day lows near 9.1132, which is approximately 1.4% below its 3-month average of 9.2394. Analysts have observed that the pair has been trading in a relatively stable range of 4.8%, between 9.0650 and 9.4984, indicating a period of consolidation despite the volatility in broader markets.
Regional dynamics have significantly impacted the Thai baht, particularly amidst escalating trade tensions and tariffs imposed by the US. The 36% reciprocal tariff rate on Thai goods, as part of the ongoing trade war, has contributed to a dampened economic outlook for Thailand, leading to a decline in the baht's value. Emerging Asian currencies, including the THB, have suffered amid fears of a global trade war, resulting in a marked decline of around 2% over the past week. This has been exacerbated by several central banks in the region cutting interest rates to bolster growth efforts.
In addition to these factors, fluctuations in oil prices are also influencing the THB, given Thailand's reliance on oil imports. Recent data shows that OIL to USD is currently at 64.76, which is 12.2% below its 3-month average of 73.75. The volatility in oil prices, moving within a 33.4% range from 61.58 to 82.16, is likely to further affect the THB as altering oil prices can shift key economic indicators and trade balances for Thailand.
Looking ahead, economic analysts and currency forecasters suggest that the combination of fixed exchange rate mechanisms in the UAE dirham, pegged at approximately 3.6725 to the USD since 1997, alongside Thailand’s exposure to global trade dynamics and oil price fluctuations, will continue to shape the AED to THB exchange rate. Businesses and individuals engaging in international transactions may want to remain vigilant about these trends as they navigate their forex strategies.
