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.
|Exchange Rate||30.56||0.17 %||Sep 04|
|Stock Market||1,659||-1.41 %||Sep 04|
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September 2, 2019
Consumer prices fell 0.19% month-on-month in August, contrasting the 0.06% increase in July.
August 26, 2019
Manufacturing output fell 3.2% year-on-year in July, up from June’s revised 5.3% contraction (previously reported: -5.5% year-on-year).
August 21, 2019
Exports rose 4.3% over the same month last year in July, contrasting both June’s 2.1% drop and the 2.3% decline that market analysts had expected.
August 19, 2019
Economic growth decelerated to 2.3% in annual terms in the second quarter as U.S.-China trade tensions and a strong baht hindered tourism, agricultural output and exports.
August 13, 2019
Consumer prices rose 0.06% month-on-month in July, contrasting the 0.36% decrease in June.