AUD to THB Forecasts
The outlook for AUD/THB this year will be determined by the success of government's measures to re-open the country to tourism after the pandemic.
BER ResearchAUD/THB dollar outlook
Since the two years pandemic shutdown the Thai baht is down 15 percent versus the Aussie dollar representing good value for a favourite Australian South-east Asian destination.
| Date | AUD/THB | Change | Period |
|---|---|---|---|
16 Sep 2022 | 24.72 | 2.1% ▼ | 2 Week |
02 Jul 2022 | 24.25 | 0.2% ▼ | 3 Month |
30 Sep 2021 | 24.33 | 0.6% ▼ | 1 Year |
01 Oct 2017 | 26.10 | 7.3% ▼ | 5 Year |
02 Oct 2012 | 31.55 | 23.3% ▼ | 10 Year |
05 Oct 2002 | 23.78 | 1.7% ▲ | 20 Year |
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.
In September the Thai baht remains weak at 15 year lows near 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.
ANZ Bank forecast the AUD to regain some ground by the end of the year to US70¢.
While NAB see the Aussie dollar to be range bound between US65¢ to US70¢, testing the lower end at the some point through to the end of the year.
Compare AUD to THB Exchange Rates and Save
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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.