Convert NZD to THB Exchange Rate

The lowdown on the Thai Baht

Economical Influences on the Thai Baht Exchange Rate

Thailand has a relatively well-developed free enterprise economy that is highly dependent on international trade.¹

Exports account for over two thirds of Thailand’s GDP including electronics, agricultural commodities, automobiles and parts, and processed foods.¹

The country’s industry and service sectors are also very strong and account for almost 90% of Thailand’s GDP.¹

In 2018 the rapid growth of the Thai baht sparked worries that Thailand’s exports would become less competitive, slowing their trade.²

Thai Baht Historical Exchange Rate

Despite some fluctuation, the THB has been strengthening against the NZD steadily over the past 5 years.³

On 28 June 2014 the THB was converting to 28.49174 per NZD, improving to 25.14728 per NZD by 30 September of the same year.³

By 18 July 2015 the Thai baht had continued to strengthen, with the NZD equalling around 22.32 THB.³

A year later the THB was converting to around 25.68 per NZD, but by 20 May 2017 the figure had weakened down to around 23.78 per NZD.³

By 29 November 2017 this positive trajectory for the baht had continued with the THB trading at 22.47865 per New Zealand dollar.³

On 6 October 2018 the THB was converting to 21.13480 per NZD, remaining stable to equal 21.41288 per NZD as of 18 January 2019.³

<sup>Sources
1. Central Intelligence Agency – https://www.cia.gov/library/publications/the-world-factbook/geos/th.html
2. Nikkei Asian Review - https://asia.nikkei.com/Economy/Strong-Thai-baht-stirs-worries-for-exports
3. XE - https://www.xe.com/currencycharts/?from=NZD&to=THB&view=5Y</sup>