US DOLLAR TO THAI BAHT CURRENCY EXCHANGE RATES TODAY 9 December 2024
As of December 9, 2024, the exchange rate for the US Dollar (USD) to Thai Baht (THB) is approximately 34.20 THB per USD. This reflects a slight decrease from the previous weeks, where rates fluctuated between 34.11 and 34.51 THB.
Current Market Trends
Recent Fluctuations: Over the past week, the USD/THB exchange rate has shown volatility, with a notable high of around 34.54 on December 2 and a low of approximately 34.11 on December 5. The current rate indicates a bearish sentiment in the market, as it has decreased by about 0.447% since December 535.
Long-term Trends: Throughout 2024, the USD/THB exchange rate has experienced significant fluctuations, with a yearly high of approximately 37.25 THB in May and a low of around 31.92 THB in October. The average exchange rate for the year has been about 35.36 THB15.
Forecast Analysis
Short-term Predictions: Analysts forecast that the USD/THB exchange rate may continue to decline slightly, potentially reaching around 34.05 THB by the end of December 2024. This prediction is based on current economic indicators and market sentiments that suggest a bearish outlook for the dollar against the baht2.
Market Sentiment: The sentiment is currently bearish, with only about 43% of trading days showing gains for the dollar against the baht over the past month. The volatility is relatively low at about 0.84%, indicating that while there are fluctuations, they are not extreme2.
Economic Factors: Key economic indicators affecting this currency pair include inflation rates in both the US and Thailand, interest rates set by their respective central banks, and overall economic growth prospects. As of now, Thailand's inflation rate stands at approximately 0.83%, while the US inflation rate is higher at around 2.60%4.
Conclusion
In summary, as of December 9, 2024, the USD to THB exchange rate is around 34.20, reflecting recent downward trends influenced by broader economic conditions and market sentiments. Short-term forecasts suggest a continued decline in this exchange rate as market dynamics evolve through December and into early 2025. Investors should monitor economic indicators closely to navigate potential changes in this currency pair effectively.

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