Today's THB to USD Price Update

Summary

This report provides the real-time exchange rate between the Thai Baht (THB) and the U.S. Dollar (USD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Thai Baht (THB) is the official currency of Thailand. The exchange rate between them reflects market sentiment regarding currency valuations and relative economic strength between the two regions.

Today’s Price

• 1 USD = 31.02 THB
• 24h High: 31.13 THB
• 24h Low: 31.04 THB

Market Analysis

Recently, the USD/THB exchange rate has been influenced by divergent monetary policy between the Federal Reserve and the Bank of Thailand (BoT). The Thai Baht has strengthened against the U.S. Dollar since early November, as the BoT continued raising interest rates to combat persistent inflation. The USD/THB pair has weakened by approximately 8% from its recent highs, with the U.S. dollar retreating from its peaks amid expectations of a slower pace of rate hikes.

• Technical levels: Key support at 31.318 THB
• Risk note: Continued interest rate divergence between central banks could drive further volatility
• Trading opportunities: Monitor the pair for potential range-bound trading as monetary policy dynamics evolve

Conclusion

Continue to monitor the THB/USD pair closely, integrating central bank policy decisions and interest rate expectations with technical analysis. Pay particular attention to BoT rate decisions and U.S. Federal Reserve communications for directional cues on this currency pair.