Exchange Rate in Thailand
Thailand - Exchange Rate (average of period)
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 (aop) Data
|Exchange Rate (vs USD, aop)||34.28||31.67||30.44||31.04||30.68|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Exchange Rate (aop) Chart
Source: Thomson Reuters.
|Bond Yield||2.67||-0.74 %||Apr 05|
|Exchange Rate||34.46||0.31 %||Apr 05|
|Stock Market||1,582||-0.11 %||Apr 05|
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April 24, 2017
In March, the trade balance recorded a USD 1.6 billion surplus.
April 3, 2017
In March, consumer prices in Thailand declined 0.46% on a month-on-month basis, contrasting the 0.04% increase recorded in February.
March 31, 2017
In February, the trade balance recorded a USD 1.6 billion surplus.
March 30, 2017
In February, manufacturing production decreased 1.5% from the same month last year, which contrasted the 2.2% rise in January and marked the worst result in seven months.
March 29, 2017
At its 29 March monetary policy meeting, the Bank of Thailand (BoT) unanimously decided to keep the one-day repurchase rate at 1.50%, where it has been for nearly two years.