2025-03-06
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 Feb 26 | Buy March 6 | Change (%) |
|---|---|---|---|
| USD | 33,6358 | 33,5591 | -0,23% |
| GBP | 42,3512 | 42,6536 | + 0,71 % |
| EUR | 35,1282 | 35,3584 | + 0,65 % |
| SEK | 3,1511 | 3,1916 | + 1,29 % |
Comprehensive analysis
Over the past week, we have seen a varied development of currencies against the Thai baht. The Swedish krona (SEK) has had the largest increase with +1,29%, followed by the British pound (GBP) by +0,71% and the euro (EUR) by +0,65%. The US dollar (USD) has weakened by -0,23%.
Individual analysis
- USD/THB: The dollar has fallen by -0,23%. This may be due in part to speculation that the Federal Reserve may ease its interest rate policy sooner than expected, which has reduced demand for the dollar as a safe asset.
- GBP/THB: The pound has strengthened by +0,71%, likely due to continued stable macroeconomic indicators from the UK and a strong labor market.
- EUR/THB: The euro has increased by +0,65%, which can be linked to positive inflation figures from the eurozone and strengthened confidence in the European economy.
- SEK/THB: The Swedish krona has had the largest increase of +1,29%. An important factor behind the krona's rise is Sweden's significant defense exports. When Europe is rearming militarily, this benefits the Swedish economy, which strengthens the krona. Analysts also believe that the Swedish economy has stabilized faster than expected, which contributes to increased confidence in the currency.
Underlying reasons for currency fluctuations
Several factors are affecting the currency market this week:
- USA and dollar weakening: Speculation that the Federal Reserve may ease its interest rate policy earlier than expected has led to reduced demand for USDAt the same time, concerns about the US's aggressive trade policy and new tariffs have contributed to increased uncertainty in the market. This uncertainty has dampened investor demand for the dollar and contributed to the currency's weaker performance.
- Europe and the euro: Stabilizing inflation and increasing growth expectations have strengthened the euro.
- Great Britain and the pound: Positive labor market data has continued to strengthen the pound.
- Sweden and the krona: In addition to the stabilized economy, Sweden's defense exports have contributed to strengthening the krona, making it one of the strongest currencies right now.
Why is our course different from Google and Wise?
Many people compare our reported rate to the rates shown on Google or Wise, where SEK/THB may be higher than the one we report. This is because:
- We use Bank of Thailand official buying rate for digital transfer, which is the rate actually used in transactions within Thai banks.
- Google and Wise often show a theoretical 'mid-market rate', which is an average interbank rate without regard to spread or actual transaction costs.
- The rate we report is the most realistic rate for people sending money or exchanging currency within Thailand.
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 affected 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