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The news, for people looking for some relief against a strong baht, is that it’s predicted to get stronger, not weaker, against many of the world’s currencies. Of course, there are many, many things that may affect the predictions during the next three years, but, for now, the outlook from this currency site is that the Thai Baht will continue its surge skyward against other currencies.
Firstly, let’s get back to history for a while. The USD vs the THB was sitting at 30.67 back in February 2021, and was up a little in a week at 30.05. At one stage in 2022, it’s predicted to drop to as low as 28.67. With a weaker USD (compared to the THB), both the British Pound and the Australian Dollar are predicted to drop in value against the USD as well. This puts them buying 5-15% fewer Thai Baht in 2022, according to this data.
But the Euro is showing signs, in this three year projection, of holding value against the USD. But that means it will also be dropping in real value against the Thai Baht, although less than some of the other currencies.
Other than sorting through the tea leaves or dusting off the crystal ball, this is the best we can do at a stab-in-the-dark as to where the Thai currency might be in three years time.
Published 22/02/2022
By Michael Saichuk
