Broad Effective Exchange Rate for Thailand
NBTHBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.54
Year-over-Year Change
8.69%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Thailand measures the strength of the Thai baht against a trade-weighted basket of currencies. This provides insight into Thailand's international trade competitiveness and economic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Broad Effective Exchange Rate for Thailand is an index that tracks the value of the Thai baht relative to a group of major trading partner currencies. It is used to analyze Thailand's trade position and the competitiveness of Thai exports on global markets.
Methodology
The data is calculated by the Bank of Thailand using a trade-weighted average of exchange rates.
Historical Context
Policymakers and economists monitor this index to understand Thailand's macroeconomic conditions and trade dynamics.
Key Facts
- Thailand is a major exporter of goods like automobiles, electronics, and agricultural products.
- The Thai baht has appreciated against major currencies in recent years.
- Exchange rate movements impact the price competitiveness of Thai exports.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Thailand measures the strength of the Thai baht relative to a trade-weighted basket of currencies.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into Thailand's international trade competitiveness and economic performance, which is important for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank of Thailand using a trade-weighted average of exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to understand Thailand's macroeconomic conditions and trade dynamics, which can inform decisions around monetary and trade policies.
Q: Are there update delays or limitations?
A: The Broad Effective Exchange Rate for Thailand is updated regularly by the Bank of Thailand, but there may be some delay in the data being reflected in public sources like FRED.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Thailand (NBTHBIS), retrieved from FRED.