HKD/THB - Live Converters & Chart

Hong Kong Dollar (HKD) outlook

The Hong Kong dollar has gained value in 2019 despite a serious escalation in US-China trade tensions, mainly because the US dollar, to which HKD is pegged, is attracting safe-haven inflows. By May-17, against a basket of important currencies, HKD was worth 2 percent more year-to-date, and was only 0.5 percent away from making a 2-year high.

HKD was doing particularly well against the Australian dollar. It was, at the time of writing, valued 18 percent higher than 2018 lows against AUD and needed only a further 2.3 percent to reach a 10-year high. Though HKD was meeting significant resistance in mid-May at the 5.4 per AUD level, a break of this could spark significant appreciation.

Read the full article Hong Kong Dollar Forecasts.

Thai Baht (THB) outlook

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.

The HKD/THB mid-rate is the rate you will see quoted online or the news, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the HKD / THB was traded (bought or sold) in the international markets.