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    Thai Baht Forecasts 2021

    Forecasts for the Thai baht change all the time, affected by news events and relative sentiment towards the Thai economy.

    Updated: Nov 10, 2021  
     

    1 USD = 33.11 THB
    Sell USD  →  Buy THB
    USD to THB at 33.11 is 0.5% below average of its 90-day range 32.59-33.89.
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    1-DAY+0.6%2d
    30-DAYLOW5d

    THB outlook

    In February 2021 the Thai Baht hit a 8 year lows below 30 to the greenback.

    Since then the baht is up almost 10 percent above 33 vs USD with Rising vaccination rates in Thailand and the slow recovery in tourism is helping the economy recover.

    USD/THB wasChangePeriod
    33.25
    12 Jan 2022
    0.5% 2 Weeks
    33.20
    28 Oct 2021
    0.3% 90 Days
    29.95
    26 Jan 2021
    10.5% 1 Year
    35.28
    27 Jan 2017
    6.2% 5 Years
    31.11
    29 Jan 2012
    6.4% 10 Years
    44.02
    31 Jan 2002
    24.8% 20 Years
    USD/THB change over periods to 26-Jan-2022

     

    Thai baht – Performance

    USD/THB – the Thai baht has lost value since the start of September against the Greenback. The USD/THB pair’s value has maintained at the over 33 level.

    Thailand is experiencing a “steep upward curve” in new Covid infections of the Delta variant according to the country’s Department of Disease Control.

    The Thai Baht has dropped 6% so far this year against the US dollar due to greenback returning to strength, this may eventually help with a tourism lead recovery of the Thai economy post virus.

    Pre-covid the tourism industry contributed around 20 percent of Thailand's total GDP, so the dramatic impact to tourism from the coronavirus pandemic is expected to plunge Thailand into a recession.

    Recent years have been extremely kind to the baht. The Thai baht was amoung the best performing currency in Asia for 2019 to early 2021, the baht rose to a 6-year high against the US dollar (near ฿30) and to a 10-year high against the Australian dollar (฿21.35), as well as to long-term highs against a host of other major currencies.

    The baht has previously being supported by the Thai large current-account surplus and has benefited from speculation that Thai stocks will soon be assigned a larger weighting in the MSCI Emerging Markets index, which would result in significant amounts of foreign capital entering Thailand.

    AUD to THB

    AUD to THB 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to THB at 23.56 has fallen 2.1% below average of its 90-day range 23.56-25.04. AUD/THB Rates

    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 Forecasts

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    Posted under: #Forecasts #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.