This is the current AUD-THB mid-market exchange rate. The Total Cost of buying foreign currency in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market AUD-THB exchange rate.
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the AUD vs THB, you should pay attention to both Australian Dollar and Thai Baht news and forecasts.
17-January-19: The Australian dollar recovered strongly following a "flash crash" in early January which saw it briefly trade at a 10-year low of 67.4 US cents.
By the time of this report, AUD/USD was back at 72 cents and roughly in line with December’s median exchange rate. The Aussie was similarly strong against other major currencies following its mini crash.
Several months ago, most analysts agreed that the Aussie was heading higher in 2019, but things have changed. In recent months, investors have become increasingly certain that no increase to Australian interest rates will be seen until 2020; there is, in fact, now a 25 percent chance of an RBA cut, per derivatives pricing. Inaction on interest rates will force capital away from Australia and towards countries where rates are higher or are expected to increase.
One senior researcher at BNP Paribas said in January that the Australian dollar would “get absolutely crucified and could suffer a 25-30 percent [long-term] fall.”
In opposition to that view, at least relative to the US dollar, was a CIBC analyst, who said that at current levels the Aussie was “very undervalued” and was his “best bet” for 2019. The analyst’s view was based upon there being a positive resolution to the US-China trade spat. The Aussie could be worth as much as 78 US cents in the second half of 2019, the analyst said.
26-January-19: 2018 was a great year for the baht, with gains of 0.7 percent, 5.6 percent and 11.7 percent against the US dollar, euro and Australian dollar respectively.
2019, too, has begun with a bang. By late January, the baht had strengthened further to reach a 9-month high against the US dollar, at ฿31.51, and nearly a 4-year high against the euro, at ฿32.92. The baht was trading against the Australian dollar at levels last seen in 2009, in the mid-฿22s!
The baht has been well supported since the Bank of Thailand finally commenced with the process of monetary policy normalisation in December, in which the Bank raised its benchmark interest rate for the first time since 2011, from a near-record low.
The chairman of the Federation of Thai Capital Market Organisations predicted in January that the baht would continue to appreciate over the medium to long term as capital flows return to Thailand in the face of a more gradual rise in US interest rates.
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