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    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.

    Updated: Sep 02, 2022  
     

    1 AUD = 24.19 THB
    Sell AUD  →  Buy THB
    AUD to THB at 24.19 is 2.6% below its 90-day average 24.83 with range 24.19-25.65.
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    1-DAY-1.7%
    90-DAYLOW

    AUD/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.

    DateAUD/THBChangePeriod
    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
    AUD/THB historic rates & change to 30-Sep-2022

     

    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.

     THB Outlook


    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.

     AUD Outlook


     

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    Posted under: #Forecasts #AUD #THB
     

    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.