The USD/THB exchange rate fell to 32.7090 on March 31, 2026, down 0.31% from the previous session. Over the past month, the Thai Baht has weakened 4.20%, but it's up by 4.28% over the last 12 months. Historically, the USDTHB reached an all time high of 56.50 in January of 1998.

The Thai Baht is expected to trade at 32.89 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 32.00 in 12 months time.



Crosses Price Day Year Date
USDTHB 32.6830 -0.1270 -0.39% -4.35% Mar/31
EURTHB 37.6960 0.0744 0.20% 2.21% Mar/31
GBPTHB 43.4077 0.1422 0.33% -1.70% Mar/31
AUDTHB 22.5741 0.0914 0.41% 5.22% Mar/31
NZDTHB 18.7880 0.0141 0.08% -2.45% Mar/31
THBJPY 4.8647 -0.0037 -0.08% 10.20% Mar/31
THBCNY 0.2105 -0.0003 -0.12% -1.57% Mar/31
THBCHF 0.0244 0.00001 0.05% -6.34% Mar/31
THBCAD 0.0425 0.0001 0.17% 0.37% Mar/31
THBMXN 0.5496 -0.0023 -0.41% -8.80% Mar/31
THBINR 2.8751 -0.0035 -0.12% 14.08% Mar/30
THBBRL 0.1601 0.0004 0.24% -5.67% Mar/30
THBRUB 2.4800 0.0028 0.11% -0.91% Mar/30
THBKRW 46.2175 0.3674 0.80% 6.69% Mar/30
THBIDR 517.6499 1.6925 0.33% 5.81% Mar/30
THBARS 42.5817 0.4619 1.10% 34.96% Mar/30
THBCZK 0.6526 0.0036 0.55% -3.90% Mar/30
THBDKK 0.1986 0.0013 0.65% -2.15% Mar/30
THBHUF 10.3154 0.0321 0.31% -5.60% Mar/30
 Currencies
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Related Last Previous Unit Reference
United States Inflation Rate 2.40 2.40 percent Feb 2026
Thailand Inflation Rate -0.88 -0.66 percent Feb 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Mar 2026
Thailand Interest Rate 1.00 1.25 percent Feb 2026
United States Unemployment Rate 4.40 4.30 percent Feb 2026
Thailand Unemployment Rate 0.70 0.77 percent Dec 2025

Thai Baht
The USDTHB spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the THB. While the USDTHB spot exchange rate is quoted and exchanged in the same day, the USDTHB forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
32.71 32.81 56.50 22.10 1994 - 2026 Daily

News Stream
Thai Baht Slips to 10-Month Low
The Thai baht fell to around 33 per dollar, reaching the lowest level in ten months as escalating geopolitical tensions in the Middle East weighed on market sentiment. The currency remains under pressure as the war between the US, Israel, and Iran enters its fourth week, with escalating tensions following strikes on Iranian infrastructure and a strong response from Tehran. President Donald Trump has issued a 48-hour ultimatum to reopen the waterway, warning of strikes if it is not met, while Iran has threatened to close the strait and escalate retaliation if attacks continue. Brent crude has surged more than 50% since the start of the conflict, increasing import costs and worsening Thailand’s terms of trade, which has placed downward pressure on the baht. The currency has fluctuated by about 9% year-to-date, reflecting heightened sensitivity to global risk sentiment and energy shocks.
2026-03-23
Thai Baht Rises Despite Surprise Rate Cut
The Thai baht edged higher to around 31 per dollar in late February, despite a surprise move by the Bank of Thailand to cut its interest rate. At its February 2026 meeting, the central bank reduced the policy rate by 25 bps to 1%, defying market expectations of a hold. It was the sixth reduction since October 2024, bringing the cumulative cut to 150 bps as authorities aim to support an economy weighed down by US tariff uncertainty, high household debt and a persistently strong baht. US President Donald Trump recently announced plans to set global tariffs at 15% after a Supreme Court ruling that invalidated his tariff policy, lower than the 19% rate applied to Thailand. Meanwhile, political developments have provided some investor relief. Prime Minister Anutin Charnvirakul’s Bhumjaithai Party is expected to lead a new coalition government by April, following solid results in a general election earlier this month. This outcome eased investor concerns about political instability.
2026-02-25
Thai Baht Nears Four-Year Peak
The Thai baht traded around 31 per dollar in mid-February, hovering near its highest level since March 2021, as market sentiment was bolstered by the Bhumjaithai Party’s election victory. Investors see Anutin’s decisive win as potentially ending Thailand’s prolonged period of fragile coalition governments, which had weighed on economic growth and caused local markets to lag regional peers. The party has pledged to streamline regulations to attract foreign investment, maintain targeted consumer subsidies, and uphold fiscal discipline by narrowing the budget deficit. The result also lifted prospects for political stability, after the country experienced three prime ministers in as many years. In the three days following the election, the baht outperformed other regional currencies, supported in part by gold’s rise this year, a key factor in Thailand, where strong household holdings give the metal significant influence on local assets.
2026-02-13