The current market bias for the AED to THB exchange rate is range-bound.
Key drivers include the interest rate differential, with the Bank of Thailand reducing rates while the UAE Central Bank projects strong economic growth, potentially supporting the AED. The Thai baht is expected to appreciate in 2026 due to capital inflows and a robust current account surplus. Economic concerns in Thailand, such as an anticipated slowdown in GDP growth, further influence the baht's trajectory.
Near-term forecasts indicate the exchange rate might fluctuate within a stable range, reflecting recent trading stability. Significant moves show the AED to THB rate at 8.5801, which is slightly below its 3-month average.
An upside risk could arise from strong economic performance in the UAE reinforcing the AED's stability, while a downside risk may stem from worsening export challenges for Thailand, potentially leading to a weakening baht. Additionally, oil price trends could impact the baht if volatility persists in the coming months.