2025-01-23
Here is a summary of how some of the most important currencies have performed against the Thai baht (THB) during the past week.
| Currency | Buy Jan 16 | Buy Jan 23 | Change (%) |
|---|---|---|---|
| USD | 34,3889 | 33,7934 | -1,73% |
| GBP | 41,8167 | 41,3279 | -1,17% |
| EUR | 35,2097 | 34,9215 | -0,82% |
| SEK | 3,0639 | 3,0428 | -0,69% |
Comprehensive analysis
Over the past week, all four currencies analyzed have continued to weaken against the Thai baht. The US dollar (USD) has recorded the largest decrease of -1,73%, followed by the British pound (GBP) and the euro (EUR). Swedish krona (SEK) shows a slightly smaller decline of -0,69%.
Individual analysis
- USD/THB: The dollar has fallen by -1,73%, which can be linked to increased risk appetite in global markets and an expected calmer stance from the Federal Reserve in upcoming interest rate decisions.
- GBP/THB: The pound fell by -1,17%. This may be due to uncertainty about the UK's economic outlook and reduced interest in the currency among investors.
- EUR/THB: The euro has fallen by -0,82%, likely due to subdued economic growth in the eurozone.
- SEK/THB: The Swedish krona has lost -0,69%, which may be due to continued challenges in the Swedish economy and reduced confidence in the Riksbank's interest rate policy.
Which course presents Thailand Info and why?
For our currency updates we use the purchase price for digital transferThis is the rate most relevant to tourists and expats exchanging or sending money to Thailand via financial services.
Summary
The foreign exchange market continues to be influenced by global economic factors, including interest rate decisions and inflation. Thailand Info follows these changes and updates weekly with the latest analyses to provide a clear picture of the trends.
Follow our weekly currency analyses to make better financial decisions.
- Previous weeks:
Source
Exchange rates taken from Bank of Thailand.
Disclaimer:
The exchange rates in this report are taken from credible sources and are intended for informational purposes. Thailand Info is not responsible for any decisions made based on the information in this article. Rates may vary and it is recommended to double check with current market data or your bank before making any transactions.
Text: The editorial staff
Image license: TheDigitalArtist, Pixabay, original image