"After this hike, the US dollar could reverse and begin to depreciate again over the medium to long term, which is expected to be more than six months," said Mr Sornchai.įollowing China's reopening of its borders, SCB EIC upgraded its estimate for international visitors in 2023 to 30 million, from 28.3 million, and believes foreign arrivals will equal the 2019 record of just below 40 million in 2024. SCB CIO expects the Fed to lift rates for a final time in May, bringing the US terminal rate for this year to 5.25%. The US currency is expected to experience a short-term appreciation, causing the baht to depreciate, after the US Federal Reserve signalled it would continue to battle inflation through interest rate hikes. However, Thailand's current account balance surplus is likely to grow in the medium to long term as tourism continues to recover, said Sornchai Suneta, executive vice-president of SCB CIO. The dollar's short-term appreciation is one of the factors contributing to the baht's short-term depreciation, along with Thailand's modest current account surplus. The baht, analysts said, was under pressure from capital outflows from the Thai stock and bond markets amid the dollar appreciation. The Thai currency traded below 35 baht to the dollar yesterday, moving in a range of 35.15 to 35.38, amid continued concerns over US interest rate hikes. Thai Baht Firm but Singapore Dollar Outlook Deteriorates to One-Week Low vs U.S.The baht is likely to recover and strengthen to 33-34 to the US dollar by the end of 2023, as the greenback could go into reverse and start to depreciate in six months, says SCB Chief Investment Office (CIO).Thai Baht Rate Outlook Consolidative in Near-Term, Gains Ahead Should Political Uncertainty Abate.Asian Currencies: Thai Baht, Singapore Dollar, Turkish Lira, Indonesian Rupiah in ReviewGlobal Themes: Fed in Focus, Investors Look to Chinese PMIs to Support "Green Shoots" Narrative.EM ASIA FX: Indonesian Rupiah Rocked by Record Trade Gap, Chinese Yuan Firms, Thai Baht BullishYuan Firms Despite Trade Concerns and Weak Data.Thai Baht Climbs to Three-Month Best Exchange Rate on Brexit & Uptick in Thai ManufacturingThai Baht Boosted By Unexpected Uptick in Industrial Production.British Pound to Thai Baht Exchange Rate Edges Off All-Time Low, BoT Conduct Surprise Rate CutAnalysts Bullish on the Baht Exchange Rates Despite Rate Cuts.Thai Baht Rally Still Has Legs Say Currency Analysts as Markets Pare BoT Rate Cut BetsThai Baht the Preferred Asian Hedge Against Global Trade Friction.Latest Baht News, Predictions and Forecasts from Our News Team Handy Conversion Data Table Dollars to Baht Q: Is the Dollar going up or down against the Baht?Ī: Today's exchange rate (34.6732) is higher compared to yesterday's rate (34.6413).Ī: 50 Dollars buys 1733.66 Baht at interbank exchange rates. Q: What is the Dollar worth against the Baht?Ī: One Dollar is worth 34.6732 Baht today To convert Dollars to Baht or determine the Dollar Baht exchange rate simply use the currency converter on the right of this page, which offers fast live exchange rate conversions today!
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For full history please visit USD/THB exchange rate history page
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