Thailand baht US Dollar THB/USD

Thailand baht US Dollar (THB/USD) closed up by 0.64% to 32.82 on 23 January 2021 and +3.11% on a weekly basis. Thailand baht US Dollar (THB/USD) momentum was last calculated at -100.0/100 indicating negative momentum. Thailand baht US Dollar (THB/USD) trend is -100.0/100 indicating a negative trend. Thailand baht US Dollar (THB/USD) momentum exhaustion is -1.82016 indicating Thailand baht US Dollar (THB/USD) is oversold.Thailand baht US Dollar (THB/USD) RSI is 42.3698 .

Thailand baht US Dollar THB/USD Chart

Thailand baht US Dollar THB/USD

Thailand baht US Dollar THB/USD Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Thailand baht US Dollar (THB/USD). Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the Thailand baht US Dollar (THB/USD) trading signals presented in the Thailand baht US Dollar (THB/USD) statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Thailand baht US Dollar (THB/USD) THBUSD 32.82 -1 -1 -1.82016 42.3698 0.64 3.11 4.66 -0.01056

Thailand baht US Dollar (THB/USD) closed at 32.82 on 23 January 2021. Thailand baht US Dollar (THB/USD) trend was last calculated at -100.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Thailand baht US Dollar (THB/USD) momentum was last calculated at -100.0/100 (range: -100 to +100) indicating negative momentum. Thailand baht US Dollar (THB/USD) momentum exhaustion is -1.82016 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Thailand baht US Dollar (THB/USD) is oversold and a possible reversal is imminent. Thailand baht US Dollar (THB/USD) RSI was last calculated at 42.3698. Thailand baht US Dollar (THB/USD) moving averages were last recorded as follows: 1-month moving average: 30.053 in a downtrend , 1-quarter moving average: 30.4923 in a downtrend and 1-year moving average: 31.3259 in a downtrend. Thailand baht US Dollar (THB/USD) annual return was last recorded at None%, daily return was last recorded at 0.64%, and weekly return was last recorded at 3.11%. Thailand baht US Dollar (THB/USD) histrorical 20-day volatility was last recorded at 6.1569%, Thailand baht US Dollar (THB/USD) alpha None, Thailand baht US Dollar (THB/USD) beta None and Thailand baht US Dollar (THB/USD) maximum drawdown was recorded at None%. MacroVar models monitor Thailand baht US Dollar (THB/USD) statistics based on historical data since 1970.

Thailand baht US Dollar THB/USD News

Thailand baht US Dollar (THB/USD) Factors

Thailand baht US Dollar (THB/USD)

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Thailand PMI vs FX TH.FACT.FXPMI 31.12 49.3 0

Thailand Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
SET Index SET 1540.88 0.5 0.5 0.76889 54.6977 -1.84 -3.22 -1.74 -0.07315
Thailand ETF THD 73.95 1 0.75 1.43327 64.3553 -2.2 -6.66 -6.57 -0.06391
Thailand baht US Dollar (THB/USD) THBUSD 32.82 -1 -1 -1.82016 42.3698 0.64 3.11 4.66 -0.01056
Thailand 5-Year Bond Yield TH.5Y 0.66 -1 -1 -1.85353 19.8502 6.45 0 -17.5 -0.61922
Thailand 2-year bond yield TH.2Y 0.5 -1 -1 -1.72014 13.3991 -18.03 -18.03 -3.85 -0.69547
Thailand 12-year bond yield TH.12Y 1.74 -1 -1 -1.45722 28.3984 2.96 -7.45 -6.45 -0.24765
Thailand Yield Curve TH.YC 1.11 0 0.5 0.82246 52.3337 23.33 6.73 -5.93 0.75
Thailand Credit Default Swaps CDS.Thailand 39 -1 -0.75 -0.64964 39.7603 1.96 2.63 -7.14 0.2637

Thailand Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 795.95 180 3.42194 -0.703852 -1.0 -1.0 0.366667 2021-05-31
bank lending rate 6 6.25 -0.04 -0.142857 -1.0 -1.0 0.0166667 2020-05-31
banks balance sheet 22330300 22156500 0.0078442 0.0298101 1.0 1.0 0.4 2021-05-31
business confidence 46.2 43 0.0744186 0.2 1.0 1.0 0.966667 2021-06-30
capacity utilization 65.16 64.8 0.00555556 0.247951 1.0 1.0 1 2021-05-31
car registrations 28584 47028 -0.392192 0.171283 -1.0 1.0 0.833333 2021-06-30
central bank balance sheet 8959460 8936770 0.00253895 0.0403509 1.0 1.0 0.4 2021-05-31
consumer confidence 43.1 44.7 -0.0357942 -0.123984 -1.0 -1.0 0.3 2021-06-30
consumer price index cpi 98.88 99.79 -0.00911915 -0.0371957 -1.0 -1.0 0.0166667 2021-02-28
core inflation rate 0.52 0.49 0.0612245 -11.4 1.0 1.0 0.0166667 2021-06-30
current account -2624.04 -1297.63 1.02218 -4.02602 -1.0 -1.0 0.0333333 2021-05-31
current account to gdp 4.2 7 -0.4 13 -1.0 1.0 0 2020-01-31
deposit interest rate 0.62 1.4 -0.557143 -0.755906 -1.0 -1.0 0 2020-01-01
exports 23057.9 21429.3 0.0759987 0.415924 1.0 1.0 1 2021-05-31
external debt 186397 190010 -0.0190148 0.220411 1.0 1.0 0.55 2021-01-01
fiscal expenditure 153029 193699 -0.209965 0.0094128 -1.0 1.0 0.516667 2021-05-31
foreign direct investment -16240.5 -1422.08 10.4202 16.2709 -1.0 -1.0 1 2020-07-31
foreign exchange reserves 246529 251784 -0.0208711 -0.00311767 -1.0 -1.0 0.0833333 2021-06-30
gdp 501.79 544.26 -0.0780326 0.722115 1.0 1.0 0 2020-01-31
Real GDP 2567670 2447030 0.0493006 -0.00516852 -1.0 -1.0 0.0333333 2020-07-01
gdp growth 0.2 1.3 -0.846154 -0.9 1.0 -1.0 0.35 2021-01-01
gdp growth annual -2.6 -4.2 -0.380952 -1.52 -1.0 -1.0 0.2 2021-01-01
gold reserves 197.51 153.96 0.282866 0.282866 1.0 1.0 0.783333 2021-01-01
government budget -6.1 -1.8 2.38889 19.3333 -1.0 -1.0 0 2020-01-31
Government budget -17025 -51902 -0.671978 -0.880987 1.0 1.0 0.316667 2021-04-30
government debt to gdp 50.5 41.1 0.22871 0.325459 1.0 1.0 0 2018-03-28
government revenues 162774 176674 -0.078676 0.23238 -1.0 1.0 0.95 2021-05-31
housing index 152.4 152.2 0.00131406 0.00461437 1.0 1.0 0.166667 2021-05-31
housing starts 4332 10514 -0.587978 0.331285 -1.0 1.0 0.833333 2021-04-30
imports 22262 21246.8 0.0477813 0.480048 1.0 1.0 1 2021-05-31
industrial production 25.84 18.46 0.399783 -2.08571 1.0 1.0 0.25 2021-05-31
industrial production mom -0.1 1.7 -1.05882 -1.2 -1.0 -1.0 0.458333 2021-01-31
inflation cpi 1.25 2.44 -0.487705 -1.79618 1.0 1.0 0.283333 2021-06-30
interbank rate 0.62 0.62 0 0 1.0 -1.0 0.508333 2021-06-02
interest rate 0.5 0.75 -0.333333 -0.714286 -1.0 -1.0 0.0166667 2020-05-20
loans to private sector 4543910 4541470 0.000537271 0.0173199 1.0 1.0 0.116667 2021-05-31
manufacturing pmi 49.5 47.8 0.0355649 0.137931 1.0 1.0 0 2021-06-30
money supply m0 1867380 1863270 0.0022058 0.0741514 1.0 1.0 0.483333 2021-05-31
money supply m1 2657.8 2617 0.0155904 0.0811097 1.0 1.0 0.683333 2021-05-31
money supply m3 23278.8 23233.7 0.00194115 0.0350596 1.0 1.0 0.0666667 2021-05-31
Producer Price Index 102.1 101.6 0.00492126 0.0547521 1.0 1.0 0.983333 2021-06-30
retail sales 31.5 15.8 0.993671 -3.69231 1.0 1.0 0.116667 2021-04-30
total vehicle sales 55942 58132 -0.0376729 0.384086 -1.0 1.0 0.983333 2021-05-31
unemployment rate 1.5 2 -0.25 0.5 1.0 1.0 0.9 2020-12-31
youth unemployment rate 8 9.8 -0.183673 0.19403 1.0 1.0 0 2020-08-31

Thailand baht US Dollar (THB/USD) Trading Signals


MacroVar estimates the following signals: Thailand baht US Dollar (THB/USD) momentum, Thailand baht US Dollar (THB/USD) trend, Thailand baht US Dollar (THB/USD) oscillator, Thailand baht US Dollar (THB/USD) RSI and Thailand baht US Dollar (THB/USD) returns.

Thailand baht US Dollar (THB/USD) Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarThailand baht US Dollar (THB/USD) momentum signal ranges from -100 to +100. The Thailand baht US Dollar (THB/USD) momentum signal is derived as the mean value from 4 calculations for the Thailand baht US Dollar (THB/USD). The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Thailand baht US Dollar (THB/USD) return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Thailand baht US Dollar THB/USD momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Thailand baht US Dollar (THB/USD) momentum signal moves from positive to negative value or vice-versa.

Thailand baht US Dollar (THB/USD) trend

Thailand baht US Dollar (THB/USD) trend signal ranges from -100 to +100. Thailand baht US Dollar (THB/USD) trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Thailand baht US Dollar (THB/USD) Closing price vs Thailand baht US Dollar (THB/USD) moving average (MA) calculation: If Thailand baht US Dollar (THB/USD) is greater than Thailand baht US Dollar (THB/USD) MA value is +1, else -1, 2. Thailand baht US Dollar (THB/USD) Moving average slope calculation: if current Thailand baht US Dollar (THB/USD) moving average is higher than the previous MA, Thailand baht US Dollar (THB/USD) upward slope +1, else -1
Thailand baht US Dollar (THB/USD) trend model can be used as a trend strength indicator. Thailand baht US Dollar (THB/USD) trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Thailand baht US Dollar (THB/USD) trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Thailand baht US Dollar (THB/USD) 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Thailand baht US Dollar (THB/USD) is in an uptrend when Thailand baht US Dollar (THB/USD) price is higher than the 52-week moving average and the Thailand baht US Dollar (THB/USD) 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Thailand baht US Dollar (THB/USD) oscillator and Thailand baht US Dollar (THB/USD) RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Thailand baht US Dollar (THB/USD) oscillator

The Thailand baht US Dollar (THB/USD) oscillator estimated by MacroVar is the z-score of the current Thailand baht US Dollar (THB/USD) price versus Thailand baht US Dollar (THB/USD) 1-year simple moving average price. The formula for the Thailand baht US Dollar (THB/USD) oscillator is:
Thailand baht US Dollar (THB/USD) oscillator = (Current Price – 250 trading days Thailand baht US Dollar (THB/USD) simple moving average price) / (250 days Thailand baht US Dollar (THB/USD) price standard deviation)

Thailand baht US Dollar (THB/USD) oversold conditions
Thailand baht US Dollar (THB/USD) is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Thailand baht US Dollar (THB/USD) is oversold it is often due for a rebound. Values of the Thailand baht US Dollar (THB/USD) oscillator lower than -2.5 signify oversold conditions. It must be noted that the Thailand baht US Dollar (THB/USD) oscillator must be analyzed ibn conjunction with the rest of Thailand baht US Dollar (THB/USD) quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Thailand baht US Dollar (THB/USD) RSI.
Thailand baht US Dollar (THB/USD) overbought conditions
Thailand baht US Dollar (THB/USD) is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Thailand baht US Dollar (THB/USD) is overbought it is often due for a correction. Values of the Thailand baht US Dollar (THB/USD) oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Thailand baht US Dollar (THB/USD) quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Thailand baht US Dollar (THB/USD) RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Thailand baht US Dollar (THB/USD) is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Thailand baht US Dollar (THB/USD) uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Thailand baht US Dollar (THB/USD) returns

MacroVar calculates Thailand baht US Dollar (THB/USD) returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Thailand baht US Dollar (THB/USD) returns = (Thailand baht US Dollar (THB/USD) Closing Price – Thailand baht US Dollar (THB/USD) Previous Price)/(Thailand baht US Dollar (THB/USD) Previous Price)
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