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 24.16is near its 90-day average, range 23.51-24.50.
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
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.
BER (https://www.bestexchangerates.com/) is a comparison website only and not a currency trading platform. The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any legal, accounting or financial decisions. The foreign exchange rates and products compared on this page and website are chosen from a range of products that bestexchangerates.com (BER) has access to and are not
representative of all the products available in the market.
We may receive referral fees in relation to your activity on the BER website however this doesn't affect the exchange rates or fees you are charged.
The use of terms "Best" and "Top" are not product ratings and are subject to our Disclaimer.