Analysis of recent Aussie → Baht forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Australian dollar to Thai baht performance and trends.
Forecasts for AUD to THB
Based on recent analyst forecasts and currency market updates, the Australian Dollar (AUD) has faced challenges due to mixed business confidence, strong U.S. data, and geopolitical uncertainties. The AUD struggled in February amid changing global rate expectations and declining commodity prices. The market view suggests that the AUD may fluctuate between 0.64 and 0.66 until there is more clarity on potential U.S. rate cuts.
On the other hand, the Thai Baht (THB) has remained weak around the 34 level against the U.S. dollar into the second quarter of 2023. Despite the currency's weakness, it offers good value for visitors as Thailand eases border controls to benefit from the rebound in global travel. With Thailand welcoming a significant number of tourists, the country appears to be on track to returning to pre-COVID tourism levels. Additionally, as Thailand is a significant oil producer in Asia, any movements in oil prices, such as the recent increase in the OIL to USD price to 85.11, can impact the value of the THB.
The AUD to THB exchange rate at 23.52 is slightly above its 3-month average but has remained relatively stable within a narrow range. Moving forward, signals from the U.S. economic data, global rate expectations, and commodity prices will likely influence the direction of both the AUD and the THB. Investors and businesses with exposure to these currencies should monitor these factors closely to navigate potential fluctuations in the exchange rate effectively.
@bestfxrates : AUD faces headwinds amid global uncertainty, affecting AUDTHB rates. As of 15 Mar, it hovers at 23.52. THB's attractiveness grows with tourism despite U.S. dollar pressure. Watch U.S. data, global rates, and commodities to gauge AUD/THB moves. - FX analysts #AUDTHB #CurrencyUpdate #ForexTrends
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Date
AUD/THB
Change
Period
04 Mar 2024
23.27
1.4% ▲
2 Week
19 Dec 2023
23.55
0.2% ▲
3 Month
19 Mar 2023
22.89
3.1% ▲
1 Year
20 Mar 2019
22.58
4.5% ▲
5 Year
21 Mar 2014
29.41
19.8% ▼
10 Year
23 Mar 2004
29.67
20.5% ▼
20 Year
AUD/THB historic rates & change to 18-Mar-2024
Will the Australian dollar rise against the Thai baht?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add AUD/THB to your personalised Rate Tracker to track and benefit from currency movements.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more