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.
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.
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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.
Mid-year the USD/THB rate sits at 6 year highs above the 35 level.
In the last year the Thai baht is down 10 percent versus the greenback representing good value for visitors now that Thailand has eased border controls to benefit from a rebound in global travel.
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.