EUR to THB: Euro to Thai Baht Exchange Insights Review

The EUR to THB exchange rate stands at 35.6952 as of December 20th. Recent trends indicate a daily decrease of 0.27% and a monthly drop of 1.85%. Historically, the exchange rate experienced a significant 9.29% decline from July to December 2024. Key economic factors such as inflation, interest rates, and foreign exchange reserves influence these fluctuations. Looking ahead, the exchange rate for January 2025 is projected around 39.23 THB, with volatility remaining a concern. Market trends suggest a bearish outlook in the short term, highlighting the importance of staying informed about ongoing developments.

Key Takeaways

• Current Exchange Rate: As of December 20, 2024, the exchange rate is €1 = ฿35.6952.
• Recent Trends: The rate decreased 6.79% annually and 1.85% monthly.
• Historical Peaks: The highest 2024 rate was ฿39.6093 in early July.
• Effect of Economic Factors: Inflation and interest rate changes significantly impact EUR/THB rate fluctuations.
• Future Projections: Forecasts indicate an end December 2024 rate near ฿36.49750 and a potential increase to ฿39.23 in 2025.

Current Exchange Rate Overview

The current exchange rate for the EUR to THB stands at €1.000 EUR equaling ฿35.913 THB as of December 19, 2024. Monitoring the currency pair movement reveals it has experienced a slight daily decrease of 0.092%. Over the past week, however, there has been a notable 0.985% increase, indicating a degree of volatility inherent in currency markets. Such fluctuations are essential for traders, businesses, and travelers, offering strategic insights into the ideal timing for currency exchange.

Market analysis over the past 30 days shows a high of ฿36.6123 THB and a low of ฿35.5038 THB, with an average rate sitting at approximately ฿36.0530 THB. A broader 90-day review underscores a high of ฿36.9971 THB, suggesting a history of relatively strong valuation compared to recent figures. The highest rate in the last 6 months was 39.6093 THB on July 5, 2024, highlighting the currency’s potential for significant movement.

Economic factors greatly affect these numbers. Thailand’s inflation and political stability can lead to depreciation, while rising interest rates and robust international reserves might strengthen the THB. For those exchanging currency, staying informed about current rates, such as the conversion benchmark of 1 EUR = 35.84890 THB, guarantees more precise, economical transfers. Employment of real-time tracking and transparent fee structures can enhance financial decisions.

Historical Exchange Rate Trends

The historical exchange rate trends of the EUR to THB pair reveal notable yearly fluctuations, shaped by a tapestry of global economic factors and regional developments. Through analyzing historical data from trusted sources such as the European Central Bank and financial platforms, we observe patterns that highlight the currency pair’s sensitivity to economic events over the years. Exchange rates like the current rate of 35.76 THB/1 EUR, which marked a -0.53% decrease from the previous day, emphasize the ongoing dynamic changes in currency value. By understanding these past influences, traders and investors can gain valuable insights, aiding in strategic planning for future currency exchanges.

Yearly Rate Fluctuations

Amid the fluctuating tides of the forex market, the Euro to Thai Baht (EUR/THB) exchange rate exemplifies notable volatility within the past year. Throughout 2024, the exchange rate exhibited significant variations, starting with a range from 38.394 THB per Euro on January 31 to 39.473 THB by June 26. However, July marked a turning point as the rate peaked at 39.603 THB on July 4, then began a gradual decline. Over the last six months, the EUR/THB rate has decreased by 9.29%, reflecting economic trends impacting currency valuation. From August to November 2024, the rate showed a marked decrease, with November figures dropping to 36.987 THB by November 12. December continued the downward trend, reaching the lowest point of 35.534 THB by December 10. Nonetheless, a degree of recent stability emerged, with rates fluctuating between 35.660 THB and 36.017 THB in the last week.

Historical Data Analysis

Exploring historical exchange rate trends provides valuable insights into the dynamics of the Euro to Thai Baht (EUR/THB) pair over the years. Understanding these trends allows traders and economists to assess the past performance and anticipate future behavior of this currency pair. Historical data sourced from reputable platforms such as the European Central Bank and Wise offers a thorough view over different periods.

Examining the historical exchange rate data reveals significant fluctuations in the EUR/THB pair. For instance, the average rate in 2023 stood at 37.6 THB/1 EUR, down from a peak average of 38.25 THB/1 EUR recorded in 2022. This decline aligns with wider historical observations, where the exchange rate saw a notable dip to approximately 36.5 THB per EUR in 2020, influenced by global economic downturns. Further analysis indicates a remarkable stabilization phase, as demonstrated by recent figures where the rate was recorded at 35.95 THB/1 EUR in December 2024.

These patterns highlight a pronounced decrease of 6.03% from the previous year, underscoring a dynamic exchange environment. Notably, the exchange rate showed a modest increase of 0.985% over the past week, reaffirming its relative stability in a volatile market.

The meticulous collection of historical statistical data from sources like YCharts and Statista allows for a nuanced understanding of the shifting economic relations between Europe and Thailand.

Past Economic Influences

Understanding the historical exchange rate trends of the Euro to Thai Baht (EUR/THB) pair necessitates an exploration of various economic influences that have shaped its behavior over time. Key factors contribute to these fluctuations, offering valuable insights into how past economic conditions have impacted the value of both currencies.

• Inflation Rate: A rising inflation rate in Thailand generally leads to devaluation of the THB against the EUR. This negative impact is statistically noteworthy, with a noted depreciation of 0.0831 for every 1% increase in inflation.
• Interbank Interest Rate: Conversely, a decrease in the interbank interest rate strengthens THB against the EUR. This inverse relationship notably influences the EUR/THB exchange rate.
• Current Account and Export Value: Despite expectations, neither the current account nor Thailand’s export value to the EU meaningfully affects the EUR/THB rate.
• Foreign Exchange Reserves: The fluctuation in Thailand’s foreign exchange reserves plays a vital role. Changes in these reserves have a considerable impact on the EUR/THB rate.
• Capital Flows: Surprisingly, capital inflows and outflows do not notably sway the EUR/THB exchange rate, highlighting the stronger influence of other factors. It is important to note that the lack of significance in capital flows may suggest underlying stability in how EUR/THB responds to these variables.

These insights aid in understanding the nuanced dynamics of the EUR/THB currency pair.

December 2024 Projections

The December 2024 projections for the EUR to THB exchange rate highlight a dynamic landscape influenced by various economic factors. The beginning rate is projected at 36.25 Thai Bahts, suggesting fluctuations within the month. Remarkably, a range between a projected high of 36.85 and a low of 34.77 is anticipated. The average rate is estimated at 35.89, central to understanding monthly trends. By the end of December, predictions indicate an exchange rate close to 36.49750, aligning with recent market trends.

Projections suggest the EUR to THB will experience some volatility. The best possible price may reach 40.14725, whereas the least possible price could drop to 32.84775. Understanding these ranges is essential for stakeholders involved in trading, investment, and financial planning.

Comparing these predictions with recent months, December’s average aligns closely with November’s figures, indicating potential stability or slight fluctuations. The use of a custom Deep Learning algorithm enhances forecast reliability by considering price changes and market cycles. Overall, these projections offer valuable insight for those traversing the forex landscape, underlining the importance of staying informed in a changing economic environment.

Economic Influences on THB

Shaped by a myriad of economic factors, the value of the Thai Baht (THB) plays a critical role in Thailand’s financial landscape and its interaction with global markets. Understanding these influences is essential for comprehending the THB’s fluctuating exchange rates, such as those with the Euro (EUR).

Key economic factors impacting the THB include:

• Inflation Rate: Influences the exchange rate of THB, affecting its performance against other currencies like the Euro and Japanese Yen (JPY). A 1% rise in inflation may increase THB against JPY by 0.0831 THB.
• Exchange Rate Volatility: Rapid appreciation of the baht has escalated production costs and affects imports, with the Bank of Thailand aiming for stabilization.
• Trade and Exports: A stronger THB can make Thai goods less competitive internationally, impacting tourism and exports negatively.
• Economic Growth Drivers: Projected GDP growth hinges on domestic consumption and tourism recovery, despite challenges like high household debt.
• Public and Private Investment: Public investment has grown recently, along with private consumption, promising economic sustenance in the near future.

Each of these factors intricately weaves into Thailand’s broader economic framework, affecting the THB’s strength and stability on the world stage.

Future Exchange Rate Outlook

As we turn our attention to the future exchange rate outlook for the EUR to THB currency pair, the December 2024 forecast suggests a significant depreciation of the Euro against the Baht, with a projected rate of € 1 = ฿ 29.70. Long-term rate projections indicate continued volatility with a bearish sentiment prevailing in both short and medium terms, potentially influenced by various economic factors including trade balance disparities and interest rate shifts. Investors are advised to remain vigilant and consider both market sentiment and potential return on investment when planning their currency strategies.

December 2024 Forecast Analysis

December 2024 presents an intriguing forecast for the EUR to THB exchange rate, reflecting a downward momentum consistent with the Euro’s decreasing popularity over the past two decades. This analysis leverages advanced methodologies to provide a thorough overview of what stakeholders can anticipate.

Key highlights include:

• Forecast Starting Rate: The month initiates with a starting rate of 36.25 Thai Bahts.
• Predicted Range: Expectations range between a low of 34.77 and a high of 36.85 Thai Bahts.
• Average Expectation: An average rate of 35.88 Thai Bahts provides a middle-ground expectation for the month.
• Customized Forecasting: The predictions employ a deep learning algorithm, considering market variables and economic indicators.
• Dynamic Methodology: Daily adjustments reflect market cycles, price alterations, and shifts in trading volumes.

The data indicates a persistent downward trend, with the Euro’s diminished appeal since 2003 and its comparative decline of -5.37% throughout 2024. Complementing these predictions, the economic landscape, including international reserves and interest rates, plays a pivotal role in shaping these projections. Employing Bayesian Model Averaging and Multiple Regression further substantiates these insights, setting a robust foundation for future analyses.

Long-Term Rate Projections

Often thoughtfully analyzed by economists and financial experts, the long-term rate projections for the EUR to THB exchange highlight a continuation of a bearish trend over the coming years. As the year 2025 unfolds, initial projections suggest the Euro will begin at approximately 39.23 Thai Bahts, incrementally rising to a year-end average of 40.48 Bahts by December, although experiencing slight fluctuations throughout the months. Despite a brief upward movement, the year will close with a minor decrease of 0.5% compared to the start of December 2025.

Long-Term Forecast

Looking beyond 2025, projections indicate that the EUR to THB rate may gradually descend, with a sentiment that remains bearish. By 2029, the rate is forecasted to fall further to approximately THB 36.6284. This outlook aligns with a -16.53% anticipated decline over the next year, reaching a potential rate of ฿ 29.70. Volatility is expected to remain relatively low, averaging around 0.75% over the forecast period. Although the rate might experience short-term fluctuations and rebounds, the general trend underscores a sustained decrease, shaping a strategic outlook for mid to long-term traders and businesses involved in this currency pair.

Influencing Economic Factors

Evaluating the influencing economic factors behind the EUR to THB exchange rate requires a thorough understanding of various economic indicators. In the complex landscape of currency exchange, several essential factors shape the movement between the Euro and Thai Baht. Recognizing these elements helps anticipate future trends:

• Interbank Interest Rate: Shifts in this rate often lead to inverse movements in currency exchange, essential for strategy formation.
• Inflation Rate: Influences the exchange rate proportionately, with studies showing a 0.0831 THB change per 1% inflation variation.
• Foreign Exchange Reserves: Their levels profoundly impact rate stability and fluctuation in the market.
• Policy Interest Rate: Impacts foreign investments and economic growth, playing a key role in determining currency strength.
• Predictive Models: Use economic fundamentals like inflation and interest rates for forecasting future movements.

The current rate stands at approximately 35.95 THB per EUR, reflecting a notable decrease over the past year. Employing predictive models, such as Multiple Regression Analysis, can enhance forecasts by factoring in economic fundamentals and the Managed Float System. Continuous monitoring of these dynamics, alongside economic policies and political stability, is essential for understanding the future exchange rate outlook between the Euro and Thai Baht.

Market Analysis and Insights

The current dynamics of the EUR to THB exchange rate reveal a nuanced picture, accentuated by a series of significant changes over varying timeframes. As of December 20th, the exchange rate stands at 35.6952 THB per Euro. Importantly, this represents a daily decrease of 0.27%, a monthly decline of 1.85%, and an annual drop of 6.79%. Historical data reflect short-term fluctuations, with the past 30 days showing rates ranging between a high of 36.6123 and a low of 35.5038 THB.

Forecasts project a modest appreciation to 35.8428 by the quarter’s end, with a mild yearly rise to 35.9258. Market predictions, contrastingly, anticipate a steeper drop by 16.53% over the year, bringing the rate to 29.70. Analyzed technical indicators, including a 50-day SMA at 36.25 and a 14-day RSI of 47.76, suggest bearish sentiment amid an average volatility of 0.75%. These insights allow traders and businesses to navigate the currency pair strategically, informed by recent trends and forecasts.

Trading Factors and Dynamics

In the intricate world of forex trading, understanding the interplay of trading factors and market dynamics is essential. When examining the EUR to THB pair, several vital aspects must be considered to optimize trading strategies. Inflation rates in Thailand play a important role, with a 1% increase potentially raising the EUR/THB rate by 0.0831 THB. Conversely, a reduction in the interbank interest rate can elevate this exchange rate by 0.0318 THB for every 1% decrease. The foreign exchange reserves greatly affect the EUR/THB rate, while the current account and export value exert no substantial influence.

Below are key factors and dynamics:

• Volatility: Current volatility is measured at 0.75%.
• Simple Moving Averages: The 50-day SMA is recorded at ฿ 36.25, while the 200-day SMA stands at ฿ 37.57.
• Relative Strength Index: The 14-day RSI is 47.76.
• Bearish Sentiment: The sentiment for EUR/THB remains bearish.
• Interest and Inflation Sensitivity: The exchange rate is highly responsive to changes in both interest and inflation rates.

Historical Data Comparison

Examining the historical data of the EUR/THB exchange rate offers valuable insights into the currency pair’s past behavior and its potential future trends. Analyzing fluctuations and patterns from December 2023 to December 2024 reveals a year characterized by volatility and a notable downward trend. The exchange rate during this period has shown a 6.03% decrease, indicating the Euro’s weakening against the Thai Baht. Between June and December 2024, a 9.29% downturn highlights the fluctuations in the currency pair’s value.

The highest rate observed in this 6-month span was 39.603 THB on July 4, 2024, demonstrating significant fluctuations before reaching its lowest on December 10. Understanding these dynamics is essential, as average rates in this timeline sat around 37.410 THB. This historical comparison provides readers with a meaningful context for anticipating future shifts in the EUR/THB exchange rate.

Conclusion

The exchange rate between the Euro and Thai Baht is influenced by a variety of economic factors, impacting both trade and tourism. Understanding historical trends and current market dynamics aids in predicting future movements. As global economic conditions evolve, the interplay between European and Southeast Asian markets becomes increasingly significant. By analyzing these elements, traders and businesses can develop informed strategies, thereby optimizing their financial transactions and capitalizing on opportunities within the foreign exchange market.

Explore Currency Exchange Rates with Thai Baht: Key Pairings and Insights