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    AUD to THB Forecasts 2021

    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 and impact on tourism.

    Updated: Oct 09, 2021  
     

    1 AUD = 24.88 THB
    Sell AUD  →  Buy THB
    AUD to THB at 24.88 has risen 2.4% above its 90-day average, range 23.58-24.88.
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    1-DAY-0.7%
    90-DAYHIGH

    AUD/THB dollar outlook

    AUD/THB has been steadily rising since the beginning of September, mainly due to AUD strength on energy price hikes.

    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.

    AUD/THB wasChangePeriod
    24.63
    04 Oct 2021
    0.7% 2 Weeks
    24.09
    20 Jul 2021
    3% 90 Days
    22.13
    18 Oct 2020
    12.1% 1 Year
    26.96
    19 Oct 2016
    8% 5 Years
    31.97
    21 Oct 2011
    22.4% 10 Years
    22.79
    23 Oct 2001
    8.9% 20 Years
    AUD/THB change over periods to 18-Oct-2021

     

    Thai Baht forecasts

    Asian currencies including Thai baht have been hit by the hawkish tilt from Fed Chair Jerome Powell, who signalled in September that the bond tapering is expected to start in November.

    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.

    The emergence of Evergrande and other significant roadblocks such as energy shortages in Europe and China impacting the global economic recovery throughout September prompted a shift in the underlying risk narrative, causing unfavourable conditions for commodity currencies like the AUD. 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.