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USD to THB 2025 Forecasts

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

 

The USD to THB exchange rate has recently hovered around 14-day lows of approximately 32.34, maintaining stability within a range of 31.61 to 32.85 over the past three months. Analysts attribute this consistent movement to mixed sentiments surrounding the US dollar, which has softened amid a risk-on market environment, leading to reduced safe-haven demand. Positive trade discussions between the US and major economies provided some support for the USD, yet overall investor optimism dampened its strength.

Market observers note that upcoming macroeconomic indicators, particularly the inflation data due for release, could significantly influence the Federal Reserve's upcoming policy decisions. Expectations of a core Consumer Price Index (CPI) increase by 0.3% could steer monetary policy, as could the evolving landscape of US-China trade tensions, which may affect the general market mood. Additionally, a push for dedollarization amid changing geopolitical dynamics could continue to challenge the USD's dominance.

In the context of the Thai baht (THB), the central bank and government are actively collaborating to address the currency's recent strength, which reached a four-year high. This appreciation is viewed as detrimental to crucial sectors like exports and tourism, prompting intervention measures. Deputy Central Bank Governor Piti Disyatat warned that escalating US-China trade tensions pose risks to Thailand's economic growth, projecting slower growth rates for the coming years.

The THB is further susceptible to fluctuations in oil prices, with current prices at approximately $64.40, which is lower than the three-month average of $66.45. The volatility of oil prices, which have fluctuated significantly within a 20.4% range, may also affect Thailand's currency through its impact on the trade balance and overall economic health.

Overall, the interplay between USD softening against a backdrop of cautious market sentiment, Thai government initiatives, and external factors such as oil prices and trade negotiations suggests that the USD to THB exchange rate could experience continued fluctuations. Stakeholders in both the US and Thailand should keep a close watch on these developments to navigate potential international transaction costs effectively.

USD-THB Rate Calculator

 
   
   
   
   
 
   
 
 

USD to THB Market Data

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

 
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1 USD =
32.31We compare provider deals to this wholesale mid-market rate. Read more
THB
14dLows
1d−1.0%
USD to THB is at 14-day lows near 32.34, near its 3-month average, having traded in a very stable 3.9% range from 31.61 to 32.85
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  1 THB = 0.030948 USD

Compare & Save - US dollar to Thai baht

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

Use our USD 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 Dollar to Baht currency rates and the possible savings of using various providers.

 
 

Will the US 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 US dollar vs Thai baht current value is to look the USD/THB historic rate and change over a range of periods.

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

DateUSD/THBChangePeriod
15 Oct 2025
32.54
0.5% 2 Week
31 Jul 2025
32.75
1.1% 3 Month
29 Oct 2024
33.66
3.8% 1 Year
30 Oct 2020
31.10
4.1% 5 Year
01 Nov 2015
35.61
9.1% 10 Year
03 Nov 2005
40.83
20.7% 20 Year
USD/THB historic rates & change to 29-Oct-2025

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 USD/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