THB Market Update
04 May 2026 • 00:33 GMT
The Thai baht remains relatively soft against the US dollar, trading at around 0.030732. This is about 1.7% below its 3-month average of 0.031273, indicating a slight weakening. The baht has been stable within a 6.5% range recently, trading between roughly 0.030367 and 0.032345.
Recent moves have been influenced by Thailand’s efforts to stabilize its currency. The central bank has put limits on gold transactions to curb speculation and support the baht, although some forecasts still suggest the currency could weaken further, potentially reaching about 32 THB per USD by year-end.
Meanwhile, the US dollar remains resilient amid expectations the Federal Reserve may keep rates steady, especially as energy prices and geopolitical factors continue to influence markets. The dollar’s strength generally puts pressure on emerging market currencies like the baht.
Overall, while the baht faces some headwinds, ongoing domestic policy measures and global economic factors will decide whether this trend continues or stabilizes. Still, the Thai currency holds relatively steady but remains somewhat softer compared to recent highs.
