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Thai baht Exchange Update, Chart & History

THB Markets Update - Our review of Thai baht Forecasts and News plus Charts and Historic Rates. Check THB Trends over various time periods.

 

Thai baht (THB) Market Update

Recent analysis and forecasts suggest that the Thai baht (THB) continues to exhibit relative weakness against major currencies like the US dollar (USD), euro (EUR), British pound (GBP), and Japanese yen (JPY). Currently trading around the 34 level against the USD, the THB presents an attractive value proposition for travelers, particularly as Thailand reopens its borders and sees an uptick in tourism numbers. Notably, Thailand welcomed around 1 million tourists in July, indicating a positive trend towards pre-pandemic levels of tourism activity. Furthermore, with both Thailand and Malaysia being significant oil producers in Asia, factors such as global oil prices and trade dynamics could influence the performance of the THB in the coming months.

In terms of recent price data for key THB currency pairs, the THB to USD pair is trading near 7-day lows at approximately 0.027954, marking a 1.2% decline from its 3-month average. Similarly, the THB to EUR and THB to GBP pairs are also below their respective 3-month averages by 1.1% and 1.6% respectively. Despite these fluctuations, the THB to JPY pair remains relatively stable around 4.1447, in line with its 3-month average. Given the current market conditions and the gradual recovery of the Thai economy, FX analysts anticipate continued volatility in the THB exchange rates, influenced by both domestic tourism trends and global economic factors.

 

US dollar to Thai baht - USD/THB Trend

 
USD to THB is at 14-day highs near 35.98, 1.6% above its 3-month average of 35.41, having traded in a quite stable 5.3% range from 34.26 to 36.09
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Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

 

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