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.
April 25: The Aussie dollar was in the trenches on Anzac day after a disappointing inflation figure saw the Australian dollar plunge 1 per cent. The headline inflation was below estimates for a 0.2 per cent rise and unchanged from the previous quarter. This has prompted predictions the Reserve Bank of Australia could cut rates at its next meeting in May, in the middle of an election campaign. This is causing headwinds for the Aussie.
Prior to this inflation induced drop, improved risk appetite, thriving commodities markets and better data from China helped lift the Australian dollar through March and into the second half of April. Against the US dollar, the Aussie was quoted at US$0.715 on April-22.
In March, both Westpac and JP Morgan predicted an Aussie slide to US$0.68 in the second half of the year. Those banks were at least more optimistic than HSBC, which argued in April for US$0.66 based on housing market weakness, high debt-to-GDP levels and continued strength in the US dollar.
Bearishness wasn’t unanimous, though, with NAB forecasting Aussie appreciation at least until mid-year; it predicted US$0.74 by the end of June.
The RBA will be happy with a weaker currency, HSBC said. The central bank has recently shifted to a dovish bias (what should be an across-the-board negative for AUD), saying lower Australian interest rates will “likely be appropriate” if inflation doesn’t pick up.
Recent years have been extremely kind to the baht, although not so kind to Thailand’s exporters. At various points in 2019, against the Australian dollar, New Zealand dollar, Canadian dollar and British pound, the baht has traded at its highest level in a decade or longer.
The baht’s year-to-date gain of 1.7 percent against the US dollar (to March-28) puts the baht among the year’s best performing currencies.
In March, per a Reuters currency positioning poll, FX traders were increasing their bets on Thai baht appreciation.
The chairman of the Federation of Thai Capital Market Organisations predicted earlier this year 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 and as the US economy slows down.
Sorry, our travel money calculators are currently only available for comparing exchange rates rates for buying foreign cash and travel money in Australia, Canada, France, Germany, Netherlands, New Zealand, United Kingdom and the USA.