The baht spent the first half of the year in a choppy range, tracking the direction of US interest rates and regional capital flows.

At home

Tourism remains the main support: a continued recovery in visitor numbers keeps foreign currency flowing in. Exports, meanwhile, still depend on demand from Thailand’s major trading partners.

Abroad

The Federal Reserve’s path is still the region’s dominant variable. Signals of easier policy usually send capital back toward emerging markets, which tends to support the baht.

If you are planning a trip abroad, watch the rate regularly and exchange in stages when the level looks reasonable.