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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: Oct 09, 2021  
     

    1 USD = 33.37 THB
    Sell USD  →  Buy THB
    USD to THB at 33.37 is 0.6% above its 90-day average, range 32.24-33.96.
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    14-DAYLOW4d

    THB outlook

    After the US Federal Reserve said taper could start “soon” most emerging-Asian currencies weakened against the greenback, with the Thai baht hitting the lowest level in four years.

    USD/THB wasChangePeriod
    33.79
    04 Oct 2021
    0.9% 2 Weeks
    32.83
    20 Jul 2021
    2% 90 Days
    31.20
    18 Oct 2020
    7.3% 1 Year
    34.90
    19 Oct 2016
    4.1% 5 Years
    30.97
    21 Oct 2011
    8.1% 10 Years
    44.84
    23 Oct 2001
    25.3% 20 Years
    USD/THB change over periods to 18-Oct-2021

     

    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 24.88 has risen 2.4% above its 90-day average, range 23.58-24.88. 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 Outlook

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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.