Exchange Rate in Thailand
Thailand - Exchange Rate
Thai baht plummets to new-record low in late-September
On 29 September, the Thai baht slumped to a new record low as it traded at 36.4 THB per USD. The figure was 1.9% weaker than on the same day in the previous month and 12.8% weaker on an annual basis. The baht has lost over 10.0% of its value since the beginning of the year.
The currency has been in freefall since August due to factors such as the devaluation of the Chinese yuan and the 17 August Bangkok bombing. Lately, there are renewed concerns that Thai exports have likely recorded another weak annual variation in the third quarter due to underperforming global demand. Adding to that, anticipation of an interest rate hike in the U.S. later this year is adding pressure on the currency.
After hitting a record-low, the Thai baht has appreciated slightly against the greenback. On 13 October, the currency traded at 35.4 THB per USD. The figure represented a 1.5% appreciation over the same day in the previous month and a 9.5% depreciation on an annual basis.
FocusEconomics Consensus Forecast panelists expect the baht ending this year at 35.0 THB per USD. Next year, the panel sees the currency trading at 35.4 THB per USD.
Thailand - Exchange Rate Data
|Exchange Rate (vs USD)||36.04||35.78||32.64||32.40||30.11|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||30.11||0.17 %||Dec 30|
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January 5, 2022
Consumer prices dropped 0.38% over the previous month in December, contrasting the 0.28% increase seen in November.
December 27, 2021
Manufacturing production rose 0.6% month-on-month in seasonally-adjusted terms in November, slowing from October’s 2.7% growth.
December 22, 2021
At its 22 December meeting, the Monetary Policy Committee of the Bank of Thailand (BoT) held the policy rate at the record low of 0.50% for the 13th consecutive meeting.
December 21, 2021
Merchandise exports jumped 24.7% on an annual basis in November, following October’s 17.3% upturn.
December 4, 2021
Consumer prices rose 0.28% over the previous month in November, which was below the 0.74% increase recorded in October.