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24 Oct 25Summary: Key Drivers of Thai Baht Depreciation in October 2025 Weak export and tourism recovery: Thailand’s export sector remains sluggish amid global economic slowdown, while inbound tourism—especially from China—has yet to fully rebound. Monetary policy expectations: Market anticipates a potential rate cut by the Bank of Thailand to support domestic growth, reducing the relative attractiveness of Thai assets. Global uncertainty and USD strength: Ongoing volatility in global markets and mixed signals from U.S. economic policy have led to cautious capital flows, contributing to short-term baht weakness. We have revised our USD/THB forecast range for October 2025 to 32.09–33.28 baht per US dollar.
by MLGONION
USDT/THB 1D and 1H analysis$USD/THB Analysis on 1H and 1D Timeframes 1H: It appears that we’ve hit a bottom at $32/THB and have seen a solid bounce. The uptrend is likely to continue after a brief correction. The MACD is resetting lower and needs some time to reach a bottom. The RSI is very low, which indicates a potential short-term bounce. Conclusion: We should stabilize above $33/THB in the short term. 1D: The daily chart presents a more mixed outlook. While it seems we’ve bottomed at $32/THB, the MACD still needs to reset, suggesting the current bounce is temporary. Additionally, the RSI is overbought, which points to a likely correction until November, when a downtrend reversal could be confirmed with a lower low. Invalidation: If THB/USD falls below $32/THB, it means the bottom is not yet in, and the bounce was a bull trap or fakeout.
by CryptoNikkoid
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