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)||31.04||30.68||32.44||34.21||35.24|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Exchange Rate (aop) Chart
Source: Thomson Reuters.
|Bond Yield||2.39||0.0 %||Nov 17|
|Exchange Rate||32.83||0.17 %||Nov 17|
|Stock Market||1,709||-1.41 %||Nov 17|
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November 20, 2017
Economic growth again stepped up in the third quarter, expanding a robust 4.3% year-on-year, the quickest acceleration since Q1 2013.
November 8, 2017
At its 8 November monetary policy meeting, the Bank of Thailand (BoT) unanimously voted to uphold the one-day repurchase rate at 1.50%, where it has been for over two years.
November 2, 2017
Consumer prices in Thailand increased 0.16% over the previous month in October, down from a 0.58% increase in September.
October 31, 2017
Manufacturing output increased 4.2% in annual terms in September, matching the previous month’s revised print (previously reported: +3.7% year-on-year) and overshooting market expectations of a more modest pace of growth.
Thailand: Export growth beats market expectations in September, despite ongoing worries over the strength of the currency
October 31, 2017
Thailand’s external sector recorded a USD 3.4 billion surplus in September, coming in ahead of the surplus registered in the same month a year ago.