The exchange rate forecast for the EUR to THB indicates a stable yet cautious outlook, primarily influenced by recent developments in both the Eurozone and Thailand. After the European Central Bank (ECB) announced it would hold interest rates steady, the euro (EUR) has displayed a strengthening trend. Analysts note that this decision, coupled with a more optimistic economic growth forecast for 2025, has lent support to the euro. Despite this, concerns over the currency's rapid appreciation—having risen 14% against the U.S. dollar in 2025—have sparked discussions among ECB officials about potential impacts on export competitiveness.
Conversely, the Thai baht (THB) faces challenges amid a new government's economic stimulus plans and declining inflation rates. Thailand's recent CPI figures indicate a fifth consecutive month of decline, which could lead the Bank of Thailand to consider cutting interest rates further. Flexible monetary policies, prompted by economic headwinds, signal that the THB may experience additional volatility.
Current market data shows that the EUR to THB exchange rate is near 90-day lows, currently positioned at approximately 37.10 THB per EUR, which is 1.7% lower than the three-month average of 37.75 THB. This suggests a relatively stable range over the last quarter, trading between 37.10 and 38.32 THB.
Further complicating the outlook, oil prices have also been notable, with the OIL to USD price recently at 66.99, significantly trailing its three-month average of 68.98. The considerable volatility in oil prices, which have fluctuated by 20.4% between 65.50 and 78.85 USD, may impact the euro’s value indirectly, considering the eurozone’s energy dependence and overall economic conditions.
Multiple factors, including ECB monetary policy, shifts in the THB, and global oil price trends, will continue to shape the EUR to THB exchange rate. Keeping an eye on these developments and adjusting strategies accordingly could be beneficial for individuals and businesses managing international transactions.
