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    AUD to THB Forecasts

    The outlook for AUD/THB will be determined by the success of government's measures to re-open the country to tourism after the pandemic.

    Updated: Jan 11, 2023  

    1 AUD = 23.24 THB
    Sell AUD  →  Buy THB
    AUD to THB at 23.24 is 1.1% below its 90-day average 23.5 with range 22.73-24.25.
    AUDTHB :

    AUD/THB dollar outlook

    Over the course of the Covid shutdown the Thai baht dropped 20 percent versus the Aussie dollar representing good value for a favourite Australian South-east Asian destination.

    17 Jan 2023
    0.6% 2 Week
    02 Nov 2022
    3.3% 3 Month
    31 Jan 2022
    1.2% 1 Year
    01 Feb 2018
    7.9% 5 Year
    02 Feb 2013
    25.2% 10 Year
    05 Feb 2003
    8.1% 20 Year
    AUD/THB historic rates & change to 31-Jan-2023


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    Factors impacting the AUD/THB exchange rate

    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.

    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.

    Into the last quarter of 2022 the Thai baht remains weak at 18 year lows around the 37 level vs the US dollar.

    At this level the Thai baht represents good value for visitors now that Thailand has eased border controls to benefit from a rebound in global travel.

    Thailand announced 1 million tourists visited the country in July which shows the country is on track to returning to pre-Covid tourism levels.

    THB Forecasts

    The Aussie dollar rebounded from around US62¢ in October and November on the suggestion that the RBA would slow the pace of interest rate hikes.

    Early in 2023 the Aussie is trading near US70¢, however economists are divided as to whether this change in fortunes for the Australian dollar will continue throughout the year.

    AUD Forecasts




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    Posted under: #Forecasts #AUD #THB

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