The AUD to THB exchange rate is currently range-bound.
Key drivers include the interest rate outlook in Australia, with expectations of the Reserve Bank of Australia raising rates, which could support the AUD. The Thai Baht is projected to strengthen due to expected capital inflows and a solid current account surplus, as noted by Thailand's Fiscal Policy Office. Furthermore, the baht's strength could impede export growth as indicated by the Thai National Shippers’ Council, reflecting ongoing economic challenges.
The expected trading range for AUD to THB is stable with slight fluctuations anticipated. Potential upside risks for the AUD could arise from unexpectedly strong economic indicators, while a downside risk could be a significant increase in global oil prices, affecting the cost of imports and consumer sentiment.
Overall, fluctuations in the currency pair are influenced by differing monetary policies and prevailing economic conditions in both Australia and Thailand.