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    AUD to THB Forecasts 2021

    In 2021 currency forecasts are primarily influenced by the perceived relative coronavirus impact on economies and the success of government's response to the pandemic.

    Forecasts Updated: Jul 19, 2021

    USD/THB – Unlike the major USD currency pairs, the USD/THB has a strong finish to the week. Risk-off usually weighs on the Asian and Emerging Market FX, appealing to the Greenback’s haven status. USD/THB closed at 32.55 after hitting a weekly high of 32.73. Weekly low traded was 31.89

     
    AUD to THB at 24.16 is near its 90-day average, range 23.51-24.50.
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    1-DAY-0.6%
    14-DAYHIGH1d
     

    Thai Baht forecasts

    Besides the protests last year AUD/THB forecasts have been primarily focused on the coronavirus impact on and response by both economies, in particular the drastic impact to tourism for Thailand.

    Protesters had demanded the removal of Prime Minister Prayuth Chan-ocha, a new constitution and reduction in the powers of the king. Normally events such as this would be seen as impacting the Thai tourist industry and thus also the Baht, however tourism is minimal during the coronavirus pandemic.

    Thailand has navigated Covid better than other Southeast Asian countries (Philippines, Indonesia, Malaysia) but the recent new wave could see many businesses struggle. Particularly the food industry.

    Until the recent Fed Reserve pivot, the Australian dollar had benefited from the US dollar sell-off since late last year as investors moved away from the safe haven of the USD and into riskier assets. AUD Forecasts

     

    Compare AUD to THB Transfer Rates

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    What is a good AUD to THB exchange rate?

    Whether the AU dollar will rise or drop in the future against the baht is a difficult question and the answer really depends on many factors. The best way to consider the current AUD-THB relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.

    AUD/THBChangePeriod
    23 Jul 2021
    24.2611
    0.4% 1 Week
    30 Jun 2021
    24.0008
    0.7% 30 Days
    01 May 2021
    24.0307
    0.5% 90 Days
    30 Jul 2020
    22.5654
    7.1% 1 Year
    31 Jul 2016
    26.4206
    8.5% 5 Years
    02 Aug 2011
    32.2148
    25% 10 Years

    AUD/THB rate change to 30-Jul-2021 → 24.1619

     

    Disclaimer: Please note that the currency forecasts and opinions of our authors should not be taken as a reference to buy or sell any financial product.