2025-02-20
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 Feb 13 | Buy Feb 19 | Change (%) |
|---|---|---|---|
| USD | 33,8153 | 33,5131 | -0,89% |
| GBP | 41,7390 | 42,0698 | + 0,79 % |
| EUR | 34,8345 | 34,8563 | + 0,06 % |
| SEK | 3,0890 | 3,1108 | + 0,71 % |
Comprehensive analysis
Over the past week, currencies have developed in different directions. The US dollar (USD) has weakened by -0,89%, while the British pound (GBP), the euro (EUR) and the Swedish krona (SEK) has strengthened slightly against the baht. If we look at the development over the past two weeks, there is a clear strengthening of both the British pound (GBP), the euro (EUR) and the Swedish krona (SEK). Although the dollar (USD) now fell back during week 08, it is still at a relatively stable level compared to the beginning of February.
- GBP/THB: Total +1,26% over two weeks.
- EUR/THB: Total +0,90% over two weeks.
- SEK/THB: Total +2,93% over two weeks.
- USD/THB: Total +0,01% over two weeks (practically unchanged after both the rise and fall).
The Swedish krona stands out with almost +3% up in two weeks, which is an unusually strong development compared to previous weeks.
Individual analysis
- USD/THB: The dollar has weakened by -0,89%. This may be a reaction to market expectations of looser monetary policy from the Federal Reserve.
- GBP/THB: The pound has strengthened by +0,79%, which may be due to positive economic signals from the UK and increased confidence in the pound.
- EUR/THB: The euro has moved marginally by +0,06%, indicating a stabilization in the currency market for the eurozone.
- SEK/THB: The Swedish krona has risen by +0,71%. This can be linked to improved market confidence in the Swedish economy and expectations of stable interest rate decisions from the Riksbank.
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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