Business
Thai baht declines against the US dollar on Tuesday
As of Tuesday, January 13, 2026, the Thai Baht (THB) has indeed shown some weakness against the US Dollar (USD) compared to its opening levels. After starting the day stronger, the Baht has depreciated slightly as the session progressed.
Key Points
While the Baht is “weaker” today compared to this morning’s open, it is important to look at the broader January trend:
- Short-term Volatility: The currency has been fluctuating between 31.20 and 32.00 throughout the first two weeks of 2026.
- Comparison: Today’s rate of 31.33 is actually stronger than the rates seen at the very beginning of the year (which hovered around 31.50+), suggesting that while today is a “down” day for the Baht, it remains in a relatively stable position for the month.
Why the Baht moved today
Currency shifts like this on a Tuesday are often driven by:
- US Dollar Strength: A slight rebound in the US Dollar Index (DXY) often puts immediate pressure on emerging market currencies like the Baht.
- Regional Trends: If other Asian currencies (like the Yuan or Yen) soften, the Baht typically follows suit.
- Local Market Adjustments: Investors often take profits after the Baht reached its recent peak of 31.23 earlier this morning.
Market Overview and Recent Changes
Factors Influencing the Baht Today
- Gold Market Influence: Gold prices in Bangkok have reached historic highs today, with gold ornaments hitting over 68,450 Baht per baht weight. Because of Thailand’s heavy volume in gold trading, these price surges often cause volatility in the Baht as traders move large amounts of currency to settle trades.
- Central Bank Activity: The Bank of Thailand (BOT) recently reduced the FIDF fee for banks to 0.32% to help ease the burden on debtors. This move, combined with the BOT’s ongoing monitoring of “mule accounts” and unusual cash withdrawals ahead of the upcoming February 8 elections, has kept the market cautious.
- Economic Outlook: Analysts are watching the Baht closely as it was one of the strongest performers in 2025. However, with Thai GDP growth projected to stay below 2% this year and ongoing global trade uncertainty, some “correction” or weakening toward the 32.00 level is expected by some banks this quarter.
Current Gold Prices (96.5%)
| Type | Buying (Baht) | Selling (Baht) |
| Gold Bars | 67,550 | 67,650 |
| Gold Ornaments | 66,333 | 68,150 |
| Prices fluctuate throughout the day; these reflect the most recent morning session updates. |
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Source : Thai baht/US dollar stronger on Monday
