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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July 4, 2020
Consumer prices increased 1.56% in June over the previous month, accelerating from May's 0.01% rise.
June 28, 2020
On an annual basis, manufacturing output fell at a more pronounced rate of 23.2% in May (April: -18.2% yoy).
June 24, 2020
At its 24 June meeting, the Monetary Policy Committee of the Bank of Thailand (BoT) left the policy rate at 0.50%, a record low, after having cut the rate by 25 basis points in its previous meeting in May.
June 24, 2020
Thai merchandise exports slumped 22.5% year-on-year in May, contrasting April’s 2.1% increase and marking the sharpest fall since July 2009.
June 4, 2020
Consumer prices rose 0.01% over the last month in May, swinging from April's 2.03% fall.