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)||32.76||32.92||36.04||35.78||32.64|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||2.49||0.0 %||Jan 16|
|Exchange Rate||31.78||0.17 %||Jan 16|
|Stock Market||1,577||-1.41 %||Jan 16|
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January 7, 2019
Consumer prices dropped 0.65% over the previous month in December, a sharper drop than November’s 0.22% decrease.
December 28, 2018
Manufacturing production moderated strongly to a 1.0% year-on-year expansion in November from an upwardly revised 5.8% increase in October (previously reported: +4.1% year-on-year) and came in below market expectations.
December 28, 2018
Thailand recorded a USD 1.2 billion trade deficit in November, a bigger shortfall than October’s USD 280 million deficit.
December 19, 2018
Following the increasing hawkishness of the Monetary Policy Committee of the Bank of Thailand since August, the committee raised the policy rate by 25 basis points to 1.75% from 1.50% at its meeting on 19 December.
December 3, 2018
Consumer prices dropped 0.22% over the previous month in November, contrasting the 0.06% price increase in October.