Exchange Rate in Thailand

Thailand Exchange Rate | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)32.76  32.92  36.04  35.78  32.64  

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Thailand Exchange Rate Chart

Thailand Exchange Rate
Note: Thai baht (THB) per U.S. dollar.
Source: Thomson Reuters.

Thailand Facts

Bond Yield2.750.0 %Nov 09
Exchange Rate32.970.17 %Nov 09
Stock Market1,669-1.41 %Nov 09

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