1. Exchange Rates
  2. Australian dollar (AUD)
  3. Thai baht (THB)

Market Exchange Rate Calculator - AUD to THB

This two-way currency converter to calculate currency amounts from Australian dollar to Thai baht using the latest mid-market exchange rates.

AUD to THB mid-rate calculator

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Australian dollar - market update

The Australian dollar took a hit in February and March, during which it gave up 4% of its value against the US dollar, and it continues to struggle in April.

In the third week of April, a rather dovish set of RBA meeting minutes eliminated gains made during a modest recovery period earlier in the month and the Aussie was once again in the mid-0.76s versus USD – it had been as high as 0.813 in January – and was close to long-term lows against the euro, in the low 0.62s.

Over the medium term, the Australian dollar is likely to receive support from commodities, which will continue to rally according to a PIMCO analyst. Speaking in April, the analyst said that commodities “would shine” given the transition to an environment in which low and stable inflation is preferable.

Any support lent by commodities will, however, be offset by a central bank that sees little reason for a near-term increase in interest rates and by uncertainties surrounding a potential US-China trade war. Trade tensions were at least eased when at the Boao Forum in April, Chinese President Xi Jinping spoke of the need to ease tariffs and further open up China’s economy.

In March, the median estimate of analysts polled by Reuters had AUD/USD at 0.78 at year-end.

Thai baht - market update

In 2018, concerns are mounting among Thai exporters as the baht continues to trade near multi-year highs. In early March, an exchange rate of 31.5 per dollar was in line with rates from 2013.

The value of the baht in relation to its Asian peers is of paramount importance to Thailand given that exports account for 60% of the country’s economy. Between January ’17 and the end of February ’18, the baht gained nearly 14% against the dollar, more or less matching the gain of the Malaysian ringgit, but significantly outperforming the currencies of other manufacturing hubs in the region, including the Chinese yuan, which gained only 10% within the same period, and the Philippine peso and Indonesian rupiah, which both lost value. An outperforming baht dents Thailand’s export competitiveness.

Bank of Thailand governor Veerathai Santiprabhob said in January that the bank would not allow the baht to appreciate to levels that would damage Thai businesses, but said it would not target specific exchange rates.

Against the euro, the baht continues to favour rates between 38 and 40 per euro. Twenty-one of the twenty-seven months leading up to this report ended with EUR/THB inside of this range.

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