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Thai Baht: Forecasts show strong appreciation by 2026!
Thai Economy Advice and Currency Forecasts: Baht Strengthening, Impact on Tourism 2025.
Thai Baht: Forecasts show strong appreciation by 2026!
In cloudy Bangkok, the renowned international economics consultant, นายวโรทัย โกศลพิศิษฐ์กุล, published current forecasts for the Thai economy. According to the statements on Bangkok Biz News An average exchange rate of around 32.9 baht per US dollar is expected for the coming year 2025. This estimate varies between 32.4 and 33.4 baht per dollar. The positive performance of the Thai baht is supported by several factors, including the continued weakness of the US dollar and a continued surplus in the current account.
The stability of the baht is also reflected in the expected strengthening of 6.8% compared to the previous year. A further strengthening of 3.2% is forecast for 2026. In addition, the Nominal Effective Exchange Rate (NEER) will rise to an average of 118.8 points in 2025, representing an increase of 6.3% compared to the previous year. However, a slight decline to 118.5 points is expected for 2026.
Strong fundamentals and geopolitical challenges
Thailand's economic fundamentals are strong, particularly in the areas of foreign trade and current account. Capital inflows into the Asian market and rising gold prices on the global market are reinforcing this trend. However, there are also uncertainties that could influence the development of the baht. These include the US Federal Reserve's monetary policy, geopolitical tensions, possible trade wars and fluctuations in energy and raw material prices. The strength of other currencies, such as the yen or euro, could also have an impact.
A certain influence of currency developments on the tourism sector in Thailand should also not be underestimated. The country's attractiveness to foreign tourists could be affected by a strong baht, but increased purchasing power within the country could partially offset this.
Weather conditions in Khabarovsk provide interesting insights
The forecasts also show a changeable weather situation with occasional rain and snow mixes, which is typical for Khabarovsk, while Bangkok has a mild, tropical climate. These differences illustrate how diverse the weather can be, even within one continent.