The AUD to THB exchange rate is currently bearish, reflecting a cautious outlook ahead.
Key drivers include:
- The Reserve Bank of Australia is expected to raise interest rates, which may support the AUD against the THB.
- Thailand's Fiscal Policy Office anticipates a stronger THB due to capital inflows and a robust current account surplus.
- Concerns over Thailand’s economic growth, projected at only 1.5% for 2026, may weigh on the THB.
The AUD/THB is trading in a stable range, hovering near recent highs but limited by market conditions.
Upside risks include stronger commodity prices, particularly oil, which impacts the AUD due to its status as a commodity currency. Conversely, a significant recovery in the US dollar could lead to downward pressure on the AUD against the THB. With oil prices recently climbing, the potential for fluctuations in commodity demand will significantly influence the exchange rate.