In 2020 currency forecasts are primarily influenced by the perceived relative coronavirus impact on economies and the success of government's response to the pandemic.
Australian dollar to Thai Baht forecasts
Thai Baht has has largely been largely unaffected after the government banned protests and the publication of sensitive news in the face ofescalating protests.
Besides the protests so far in 2020 AUD/THB forecasts are primarily focused on the coronavirus impact on and response by both economies, in particular the drastic impact to tourism for Thailand.
Protesters have 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 coronavisrus pandemic.
The AUD might break through recent resistance around 0.7340 over the next weeks. A clearcut Biden win and further positive COVID-19 vaccine news could help drive the AUD towards new highs closer to 0.74 US cents.
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.
12 Apr 2021
20 Mar 2021
19 Jan 2021
19 Apr 2020
20 Apr 2016
22 Apr 2011
AUD/THB 10 year historic rates & change to 19-Apr-2021 : 24.2181
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