2025-02-06
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 30 | Buy Feb 6 | Change (%) |
|---|---|---|---|
| USD | 33,6210 | 33,5151 | -0,31% |
| GBP | 41,6436 | 41,5450 | -0,24% |
| EUR | 34,8915 | 34,5437 | -0,99% |
| SEK | 3,0484 | 3,0224 | -0,85% |
Comprehensive analysis
Over the past week, all analyzed currencies have weakened against the Thai baht. The euro (EUR) recorded the largest decline with -0,99%, followed by the Swedish krona (SEK) which decreased by -0,85%. The US dollar (USD) and the British pound (GBP) showed minor changes.
Individual analysis
- USD/THB: The dollar has fallen by -0,31%, which can be linked to uncertainty about upcoming interest rate decisions from the Federal Reserve and more stable economic development in Thailand.
- GBP/THB: The pound has lost -0,24%. This could be a correction after previous gains and slightly weaker demand for British assets.
- EUR/THB: The euro has lost the most, at -0,99%, which may be an effect of continued weak growth in the eurozone and a deterioration in industrial production.
- SEK/THB: The Swedish krona has fallen by -0,85%, which can be linked to increased uncertainty about the Riksbank's interest rate policy and weaker demand for SEK on the global market.
Impact of trade policy decisions
Donald Trump's recent decision to impose new tariffs and trade threats has created uncertainty in global currency markets. The Swedish krona, the euro and other currencies have been affected by this uncertainty, leading to increased volatility.
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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