The Thai baht is under pressure this week and could fall to 33,80 against the US dollar, according to analysts. The currency is weakening due to a strengthening dollar, caused by a temporary trade deal between the US and China and delayed interest rate cuts by the Fed. Falling gold prices are also playing a role. The baht is expected to remain volatile in a range of 32,95 to 33,80.
The Thai baht is one of the most stable currencies in Asia, even when the economy is struggling. How is that possible? Smart monetary policy, strong trade surpluses and investor confidence keep the currency resilient. Large foreign exchange reserves and a strategic role in the region also play a crucial role. This article explains why the baht holds up.
The exchange rate between the Thai baht and the euro affects your purchasing power in Thailand
The value of the Thai baht against the euro plays a major role in the daily lives of expats, retirees and tourists in Thailand. A strong baht or weak euro means less purchasing power and higher costs. Find out how this exchange rate affects your spending and what strategies can help protect your purchasing power.
Tropical jacket
How a sleep-inducing TV evening in the 90s turned into a lifelong passion for Thailand. With hilarious encounters, cultural clashes and an unexpected love that changed everything. A story full of self-mockery and tropical madness, that starts with a cheerful travel program and ends in a world of noodle soup, massage parlors and surprising family visits.
'Exchange trick' with ATMs in Thailand
On Thailandblog you can regularly read what is the cheapest: bring euros or withdraw money. There is often a debit card and the home bank calculates afterwards what amount will be debited from the account. Now another and especially expensive option is emerging!
How strong is the baht versus the euro?
There is a lot going on in the monetary world. The euro is under pressure due to the weak economic performance and high debts of a number of countries within the European monetary union. Countries that do not have their household books in order and can hardly or cannot meet their obligations have to borrow money from other countries or from the European Central Bank. If a country is no longer able to pay interest on its government bonds…
Easily compare Thai Baht exchange rates
With Thai FX Rates you can easily compare the exchange rates of seven commercial banks in Thailand in real time. The exchange rates of the banks in Thailand differ from each other. If you want to exchange a lot of foreign currency or transfer euros to Thailand, it is useful to know where you can get the best exchange rate. There are several large banks in Thailand where you can exchange money, including: Bangkok Bank Kasikorn Bank TMB Bank Krung Thai ...