The USD to THB exchange rate is currently at 34.565 THB per USD, with a slight daily increase but a 2.05% decline over the past year. Short-term forecasts predict a further reduction, potentially reaching 33.53 THB. Key economic factors such as inflation, central bank policies, and market sentiment greatly influence these trends. Historical data highlights a high of 36.960 THB in June 2024 and suggests a potential decline to 29.63 THB by 2030. Stable conditions with 0.80% volatility are noted. With strategic movements in the market, more insights into these trends may unfold for those interested.
Key Takeaways
- The current USD to THB exchange rate is 1 USD = 34.565 THB, showing a 0.03% daily increase.
- Short-term forecasts indicate a projected decline to 33.53 THB within the next month.
- The six-month trend shows a -6.90% decline, reflecting sustained downward pressure.
- Inflation rates, central bank policies, and political stability significantly impact USD/THB rates.
- Historical highs and lows present significant resistance and support levels, affecting future movements.
Current USD to THB Exchange Rate Overview
The USD to THB exchange rate remains a pivotal element in financial strategies involving the US dollar and Thai baht. As of the latest data, the exchange rate stands at 1 USD = 34.565 THB. This reflects a slight 0.03% increase from the previous day, showing the dynamic nature of this currency pairing. Historically, the rate was at 34.23 THB per USD on December 18, 2024, indicating a year-over-year decline of 2.05%.
Rate Fluctuations: Over the past 30 days, the exchange rate has ranged between a low of 33.7120 THB and a high of 34.7390 THB. Extending the observation to a 90-day period, the range was more pronounced, between 32.3640 and 34.9910 THB. The 90-day average rate was 33.7930 THB, illustrating a downward pressure over this period.
Market Trends: The central banking policies implemented by Thailand and economic indicators considerably influence the USD to THB rate. Additionally, global economic factors such as the US dollar’s response to geopolitical events play a role. Comparatively, different platforms, including Wise, OFX, and YCharts, offer slightly varied rates, emphasizing the importance of choosing the right provider for currency transactions. Many traditional providers might include hidden mark-ups, but Wise ensures transparency by using the true mid-market rate without any hidden costs.
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Short-term Forecast Insights
Building upon the current exchange rate overview, short-term forecasts for the USD to THB pair suggest notable shifts in the coming month. The exchange rate is projected to decrease by -2.12%, moving from ฿34.25 to ฿33.53, highlighting potential currency value changes that investors and traders should monitor. This anticipated decline is supported by several economic drivers including inflation rates, central bank policies, and market sentiment. Investors can be reassured by knowing that client funds are maintained in segregated bank accounts, further supporting the financial safety of those engaged in the forex market.
| Factor | Impact on USD/THB | Current Outlook |
|---|---|---|
| Inflation Rate | +0.1389 THB for 1% rise | Increased Inflation |
| Interest Rates | THB strengthens | BoT Hiking Rates |
| Market Sentiment | Bearish | 43.33% Green Days |
Technical analysis further underscores the pair’s dynamics, identifying key levels: support at ฿33, resistance at ฿38, and critical points at ฿34.30 and ฿34.05, where significant action could take place. Recent statistics illustrate a 30-day high of 34.7390 and a low of 33.7120, aligning with a 90-day high of 34.9910 and a low of 32.3640. Volatility stands at a modest 0.80%, suggesting relatively stable conditions ahead. Understanding these factors will enable more informed decision-making for those engaged in the USD to THB market.
Long-term Trends Analysis
Amidst ongoing global economic shifts, the USD to THB currency pair presents a compelling case for long-term analysis, especially given its recent fluctuations and projected future trends. Historical data shows that the USD to THB rate hit a high of 36.960 THB in June 2024, before declining to a recent low of 32.352 THB by September 2024. The average rate over the past six months stood at 34.530 THB, with a notable decline of -6.90%, and a yearly drop of -1.98%. By 2030, the Thai Baht is expected to increase by 6.01% against the USD, suggesting potential shifts in currency strength over the long term.
Long-Term Forecasts
Long-term projections indicate a potential decline in the USD to THB pair. AI Pickup forecasts a decrease to 29.63 THB by 2030. Conversely, some intermediate projections, such as those from Wallet Investor, suggest a rise to 40.146 THB by the end of 2025, highlighting divergent outlooks on the currency pair’s trajectory. Analysts like Maybank predict a trend towards 36 THB in Q3 2023.
Technical Trends
Technical analysis underscores this potential weakening, with the 200-day simple moving average at 34.70 THB indicating downward pressure. Support level insights from UOB point to further weakening, with significant support at 34.30 THB, marking important metrics for consideration.
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Key Influencing Factors
Understanding what influences the USD/THB exchange rate requires a detailed examination of multiple economic factors. Key factors include economic indicators, monetary policy, political stability, and tourism and trade. Each of these plays a significant role in determining the strength of the US dollar relative to the Thai baht.
Economic Indicators
Inflation rates, employment numbers, GDP growth, international reserves, and the balance of payments all affect currency valuation. For example, higher inflation in Thailand compared to the U.S. can weaken the Thai baht, making the USD stronger relative to the THB. Conversely, robust GDP growth or increased international reserves in Thailand can bolster the Thai baht. It is essential for travelers and businesses to stay updated on exchange rates due to their impact on international trade and travel expenses.
Monetary Policy
Interest rates and central bank actions are pivotal. Higher U.S. interest rates typically strengthen the dollar, making 1 USD worth more in THB. Central banks’ decisions on monetary policy, affecting real bond yields and stock prices, influence exchange rates as well.
Political Stability
Political events, such as elections or policy changes, impact investor confidence. A stable political environment can attract foreign investment, strengthening the baht, while crises can lead to devaluation.
Tourism and Trade
Factors like tourism flows, trade deficits, and stock market performance directly influence demand for the Thai baht. Increased tourism or solid stock markets enhance currency strength.
Recent Historical Data
Recent Peaks and Troughs:
- The rate reached a high of 34.668 THB on December 19, 2024.
- A notable low of 34.035 THB marked December 17, 2024, within a brief span. Exchange rate trends indicate volatility influenced by market conditions, highlighting economic fluctuations.
Short-Term Trends:
- The exchange rate saw a 0.419% weekly increase by December 20, 2024.
- December 18, 2024, recorded a 0.682% increase, demonstrating significant daily movement.
Long-Term Observations:
- Over the past six months, the USD/THB rate dwindled by -6.90%, from a high of 36.960 THB to a low of 32.352 THB.
Historical Context:
- Comparing to historical figures, May 2023 averaged at 34.199 THB, with fluctuations illustrating broader economic influences.
In review, these indicators reveal how market dynamics shape USD/THB interactions, providing insights into both immediate and extended trends.
Conclusion
To summarize, the USD to THB exchange rate is influenced by multiple macroeconomic factors, including interest rates, inflation, and trade statistics. Recent trends highlight the importance of understanding global and regional developments, which can affect currency stability. Traders and businesses benefit from analyzing short-term forecasts alongside long-term trends to make informed decisions. Utilizing modern financial tools and services, such as sophisticated trading platforms and cost-effective transfer solutions, can optimize strategies in traversing the dynamic forex market landscape.
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