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        AUD to THB Forecasts 2021

        #Forecasts #AUD #THB

        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.

        Forecasts Updated: Jul 19, 2021

        USD/THB – Unlike the major USD currency pairs, the USD/THB has a strong finish to the week. Risk-off usually weighs on the Asian and Emerging Market FX, appealing to the Greenback’s haven status. USD/THB closed at 32.55 after hitting a weekly high of 32.73. Weekly low traded was 31.89

         
        1 AUD = 24.16 THB
        AUD to THB at 24.16 is near its 90-day average, range 23.51-24.50.
        |
        1-DAY▼-0.6%
        14-DAY▲HIGH1d
        ⚇
         

        Thai Baht forecasts

        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.

        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.

        Until the recent Fed Reserve pivot, the Australian dollar had benefited from the US dollar sell-off since late last year as investors moved away from the safe haven of the USD and into riskier assets. AUD Forecasts

         

        Compare AUD to THB Transfer Rates

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        What is a good AUD to THB exchange rate?

        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.

        AUD/THBChangePeriod
        23 Jul 2021
        →
        24.2611
        		0.4% ▼1 Week
        30 Jun 2021
        →
        24.0008
        		0.7% ▲30 Days
        01 May 2021
        →
        24.0307
        		0.5% ▲90 Days
        30 Jul 2020
        →
        22.5654
        		7.1% ▲1 Year
        31 Jul 2016
        →
        26.4206
        		8.5% ▼5 Years
        02 Aug 2011
        →
        32.2148
        		25% ▼10 Years

        AUD/THB rate change to 30-Jul-2021 → 24.1619

         

        Disclaimer: Please note that the currency forecasts and opinions of our authors should not be taken as a reference to buy or sell any financial product.