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    Thai Baht Forecasts

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

    Updated: Jun 21, 2022  
     

    1 USD = 35.74 THB
    Sell USD  →  Buy THB
    USD to THB at 35.72 is 3.6% above its 90-day average 34.48 with range 33.46-35.72.
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    90-DAYHIGH

    THB outlook

    Mid-year the USD/THB rate sits at 6 year highs above the 35 level.

    In the last year the Thai baht is down 10 percent versus the greenback representing good value for visitors now that Thailand has eased border controls to benefit from a rebound in global travel.

    DateUSD/THBChangePeriod
    20 Jun 2022
    35.32
    1% 2 Week
    05 Apr 2022
    33.54
    6.4% 3 Month
    04 Jul 2021
    32.15
    11% 1 Year
    05 Jul 2017
    34.02
    4.9% 5 Year
    06 Jul 2012
    31.65
    12.8% 10 Year
    09 Jul 2002
    41.23
    13.4% 20 Year
    USD/THB change over periods to 04-Jul-2022

     

    Factors that impact the Thai baht exchange rate

    During the pandemic the Thai baht has dropped between 10 and 15 percent against major currencies, this may eventually help with a tourism lead recovery of the Thai economy post virus.

    Thailand dropped on-arrival Covid-19 tests for vaccinated visitors from April as the country attempts to revive its pandemic-wrecked tourism industry.

    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 24.49 is near its 90-day average 24.51 with range 23.82-25.42. AUD/THB Rates

    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.

     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.