Analysis of recent Aussie → Baht forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Australian dollar to Thai baht performance and trends.
Forecasts for AUD to THB
Based on recent currency market updates, the Australian dollar (AUD) has faced pressure in February due to changing global rate expectations and declining commodity prices. The AUD tracked lower, dropping below US$0.6450 following robust US CPI inflation data that pushed back anticipated rate cuts. With a softer economic outlook and the Reserve Bank of Australia (RBA) holding rates steady, market analysts expect the AUD to remain pressured and fluctuate between 0.64 and 0.66 until there is more clarity on the trajectory of US rate cuts. Factors such as domestic data, global growth outlook, and US interest rates will be crucial in shaping the direction of the Australian dollar.
In contrast, the Thai baht (THB) has remained weak, hovering around the 34 level against the US dollar. Despite this, Thailand has seen a positive uptick in tourism, with 1 million tourists visiting in July, signaling a potential return to pre-Covid tourism levels. The THB may continue to be influenced by factors such as oil prices, as both Thailand and Malaysia are significant oil producers in the region. Considering the recent stability in the AUD to THB exchange rate, which is slightly above its 3-month average, and the volatility in the Brent Crude OIL/USD price data showing an increase above its 3-month average, FX analysts are likely to closely monitor how these factors impact the AUD and THB exchange rate moving forward.
@bestfxrates : AUD faces headwinds, tracking below $0.6450 amid strong US CPI data & RBA's rate hold. Analysts see it locked between $0.64-$0.66. Meanwhile, THB shows resilience with a tourism boost, but oil prices may sway its course. Key AUDTHB moves monitored as markets eye global cues. #ForexUpdate #AUDTHB
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Date
AUD/THB
Change
Period
14 Mar 2024
23.54
0.9% ▲
2 Week
29 Dec 2023
23.31
1.9% ▲
3 Month
29 Mar 2023
22.84
4% ▲
1 Year
30 Mar 2019
22.51
5.6% ▲
5 Year
31 Mar 2014
30.06
21% ▼
10 Year
02 Apr 2004
29.80
20.3% ▼
20 Year
AUD/THB historic rates & change to 28-Mar-2024
Will the Australian dollar rise against the Thai baht?
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 AUD/THB to your personalised Rate Tracker to track and benefit from currency movements.
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