Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
    eg: USDCAD, GBP/EUR, AUD to USD, 500 Pound to Yen, 15K Dollar Peso, Send Japan

    Thai Baht THB Forecasts

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

    Updated: Oct 06, 2022  

     

    1 USD = 34.72 THB
    Sell USD  →  Buy THB
    USD to THB at 34.73 is 6.1% below its 90-day average 36.97 with range 34.71-38.33.
    |
     
    USDTHB :
    90-DAYLOW
    7-DAY-2.8%

    THB outlook

    Into the last quarter of 2022 the Thai baht remains weak at 18 year lows around the 37 level vs the US dollar.

    At this level the Thai baht represents good value for visitors now that Thailand has eased border controls to benefit from a rebound in global travel.

    Thailand announced 1 million tourists visited the country in July which shows the country is on track to returning to pre-Covid tourism levels.

    DateUSD/THBChangePeriod
    18 Nov 2022
    35.75
    2.9% 2 Week
    03 Sep 2022
    36.66
    5.3% 3 Month
    02 Dec 2021
    33.85
    2.5% 1 Year
    03 Dec 2017
    32.64
    6.3% 5 Year
    04 Dec 2012
    30.67
    13.1% 10 Year
    07 Dec 2002
    43.66
    20.5% 20 Year
    USD/THB historic rates & change to 02-Dec-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 23.60 is 2.6% below its 90-day average 24.23 with range 23.58-24.99. AUD/THB Rates

    Over the course of the Covid shutdown the Thai baht dropped 20 percent versus the Aussie dollar representing good value for a favourite Australian South-east Asian destination.

    AUD-THB Forecasts

    GBP to THB

    GBP to THB 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to THB at 42.71 is just 0.6% above its 90-day average 42.46 with range 40.54-44.08. GBP/THB Rates

    CAD to THB

    CAD to THB 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsCAD to THB at 25.74 is 6.1% below its 90-day average 27.4 with range 25.74-27.95. CAD/THB Rates

    SGD to THB

    SGD to THB 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsSGD to THB at 25.68 is 2.4% below its 90-day average 26.31 with range 25.67-26.92. SGD/THB Rates

    Loading rates...

    ProviderAmountsRateTotal Cost
       
       
       
       
     

    More Forecasts


     
     
    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.