The Thai baht declined today after Thailand’s central bank made a surprise interest rate cut.
Thai Baht THB
Detailed information and fundamental factors
Central Bank: Bank of Thailand
Interest Rate: 0.50%
Public Debt to GDP Ratio, 2020: 50.4%
Trade Balance, 2019: $50 bln.
Inflation, 2019: 0.7%
Supporting Factors
High-yielding interest rates
weak
Factors of Weakness
Political instability
medium
The Thai baht is the official currency of Thailand. Thailand’s economy, which is one of the fastest-growing in Asia, is export-oriented, making the currency susceptible to an influence of outside events. The United States is the biggest export market for Thailand.
Thai Baht News Archive
Baht Falls as Thailand’s Central Bank Joins Other Banks in Cutting Interest Rates
August 7, 2019 at 17:51 Thai Baht
USD/THB Little Changed After Thai Central Bank Hikes Interest Rates
December 20, 2018 at 1:10 Thai Baht
The Thai baht was little changed against the US dollar today following yesterday’s interest rate hike from the nation’s central bank. In fact, the baht was little changed versus the greenback for the whole year, being one of the most stable Asian currencies.
Thai Baht Lower After Central Bank Cuts Borrowing Costs
March 12, 2015 at 17:53 Thai Baht
The Bank of Thailand followed many other central banks of emerging economies in cutting its borrowing costs. The Thai baht suffered as a result of the monetary policy decision but managed to bounce versus the US dollar.
Thai Baht Unable to Maintain Rally After Central Bank’s Decision
September 17, 2014 at 10:51 Thai Baht
The Bank of Thailand decided to keep its main interest rate unchanged during today’s policy meeting. The Thai baht attempted to rally after the decision but failed and currently is trading below the opening level.
Thai Baht Advances on Hopes for Overseas Inflows
July 22, 2014 at 16:42 Thai Baht
The Thai baht advanced today on speculations that government spending will improve the nation’s economy, attracting investors to the country. The currency rose to the highest level since November.
Thai Baht Falls After Military Seizes Power
May 23, 2014 at 11:40 Thai Baht
The Thai baht fell today after the Thailand’s military seized the power after six months of political turmoil. Investors had mixed view on the news, meaning that the currency’s losses were not as big as they might have been.
Thai Baht Gains as Geopolitical Risks Decline
March 18, 2014 at 10:19 Thai Baht
The Thai baht climbed today as political tensions in Thailand were easing, making the country attractive for overseas investors yet again. The general risk-positive sentiment on the Forex market also played in favor of the currency.
Thai Baht Drops on Interest Rate Cut & Court Ruling
March 12, 2014 at 15:47 Thai Baht
The Thai baht dropped today as the central bank performed an interest rate cut and the Constitutional Court ruled out the investment bill, which should have improved the economic climate in the country.
Thai Baht Maintains Gains, Can It Keep Rallying?
February 11, 2014 at 13:48 Thai Baht
The Thai baht rose today together with other risky currencies, but remains in a vulnerable position due to the unresolved political crisis in the country that erodes the appeal of the currency and endangers the nation’s economy.
Baht Heads to Weekly Rally, Remains in Danger
February 7, 2014 at 13:12 Thai Baht
The Thai baht fell today, but was still heading to weekly gains as last weekend’s elections did not result in escalation of protests and violence, easing concerns about the political turmoil in the country.