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HKD to THB 2025 Forecasts

Analysis of recent Hong Kong dollar → baht forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Hong Kong dollar to Thai baht performance and trends.

 

The recent analysis of the HKD to THB exchange rate suggests a cautious outlook for both currencies, shaped by Hong Kong's economic policies and external trade conditions impacting Thailand.

The Hong Kong dollar (HKD) continues to hold a stable position amid uncertainty surrounding US interest rates. In October, the HKD retained its strength, supported by new measures announced by Hong Kong's Chief Executive aimed at revitalizing the city’s status in global finance and trade. While these initiatives may offer temporary support, analysts note that a broad-based recovery, particularly in the housing market, will likely depend on further reductions in interest rates. Current economic conditions show a muted domestic demand recovery and an ongoing adjustment in home prices, which could weigh on the HKD’s future performance.

Looking at recent price data, the HKD is currently trading near 4.1768 THB, which is approximately 2% below its three-month average of 4.2608 THB, highlighting a recent strengthening against the Thai baht (THB). The HKD has experienced significant volatility, with fluctuations ranging from 4.1252 to 4.4895 over the past few months.

Conversely, the Thai baht faces challenges stemming from external trade pressures, notably a 36% reciprocal tariff imposed by the US, which has negatively affected regional currencies. A broadly worsening outlook for Asian currencies, prompted by escalating trade tensions, suggests that the THB may remain under pressure. The recent drop in Thailand's currency, exacerbated by fears of a global trade war and aggressive interest rate cuts among regional central banks, also casts doubt on its near-term recovery.

Furthermore, the relationship between oil prices and the THB cannot be overlooked. With oil trading at $77.01, a significant 14.3% above its three-month average, fluctuations in oil prices can influence the Thai economy, which is sensitive to energy costs. As oil prices move through a volatile range, any further shifts could directly impact the baht's value.

In summary, analysts suggest that while the HKD shows resilience amid local economic policies, the THB's outlook appears fragile due to external pressures and evolving trade dynamics. The interplay of oil prices and broader market sentiments will likely be critical in shaping the near-term path of the HKD/THB exchange rate.

HKD-THB Rate Calculator

 
   
   
   
   
 
   
 
 

HKD to THB Market Data

Hong Kong dollar (HKD) to Thai baht (THB) market data - latest interbank exchange rate, trend, chart & historic rates.

 
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1 HKD =
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THB
-0.5%
HKD to THB at 4.1772 is 1.8% below its 3-month average of 4.2553, having traded in a fairly volatile 8.8% range from 4.1252 to 4.4895
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  1 THB = 0.2402 HKD

Compare & Save - Hong Kong dollar to Thai baht

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Hong Kong dollar (HKD) to Thai baht (THB) rates from different sources before making a conversion.

Use our HKD to THB calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Hong Kong dollar to Baht currency rates and the possible savings of using various providers.

 
 

Will the Hong Kong dollar rise against the Thai baht?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Hong Kong dollar vs Thai baht current value is to look the HKD/THB historic rate and change over a range of periods.

The following table looks at the change in the HKD to THB exchange rate over periods from the previous week back to the last 10 years.

DateHKD/THBPeriod
07 Jun 2025
4.1616
2 Week
23 Mar 2025
4.3604
3 Month
21 Jun 2024
4.6978
1 Year
22 Jun 2020
3.9938
5 Year
24 Jun 2015
4.3573
10 Year
26 Jun 2005
5.2820
20 Year
HKD/THB historic rates

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add HKD/THB to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more