Thailand Real Effective Exchange Rate

1994 - 2024 | Monthly | 2005=100 | CEIC Data

Key information about Thailand Real Effective Exchange Rate

  • Thailand Real Effective Exchange Rate (REER: 2005=100: Month Avg: Thailand) was 124.3 in Dec 2024, compared with the number of 122.7 in the previous month.
  • Thailand Real Effective Exchange Rate data is updated monthly and averaged 137.9 from Jan 1994 to Dec 2024.
  • The data reached an all-time high of 137.9 in Jun 1997 and a record low of 78.1 in Jan 1998.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. The Bank of Thailand provides Real Effective Exchange Rate Index with base 2012=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.


Related information about Thailand Real Effective Exchange Rate

  • In the latest reports, Thailand Short Term Interest Rate: Month End: BIBOR 3 Months was reported at 2.4 % pa in Jan 2025.
  • The cash rate (Policy Rate: Month End) was set at 2.3 % pa in Jan 2025.
  • Thailand Exchange Rate against USD averaged 34.9 (USD/THB) in Jun 2023.

View Thailand's Real Effective Exchange Rate from Jan 1994 to Dec 2024 in the chart:

Thailand Real Effective Exchange Rate

What was Thailand's Real Effective Exchange Rate in Dec 2024?

Thailand Real Effective Exchange Rate (REER: 2005=100: Month Avg: Thailand) was 124.3 in Dec 2024, compared with the number of 122.7 in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
124.3 Dec 2024 122.7 Nov 2024 78.1 Jan 1998 137.9 Jun 1997 2005=100 monthly Jan 1994 - Dec 2024

Real Effective Exchange Rate by Country Comparison

country/region Last Frequency Range
Algeria (2005=100) 106.1 Dec 2024 monthly Jan 1994 - Dec 2024
Argentina (2005=100) 50.3 Feb 2025 monthly Jan 1997 - Feb 2025
Armenia (2005=100) 248.4 Dec 2024 monthly Jan 1997 - Dec 2024
Australia (2005=100) 101.3 Dec 2024 monthly Jan 1994 - Dec 2024
Austria (2005=100) 102.8 Jan 2025 monthly Jan 1993 - Jan 2025
Azerbaijan (2005=100) 156.4 Jan 2025 monthly Jan 2005 - Jan 2025
Bahrain (2005=100) 95.5 Dec 2024 monthly Jan 1980 - Dec 2024
Bangladesh (2015-2016=100) 102.0 2023 yearly 2011 - 2023
Belarus (2005=100) 101.0 Dec 2014 monthly Jan 1996 - Dec 2014
Belgium (2005=100) 102.2 Jan 2025 monthly Jan 1993 - Jan 2025
Bolivia (2005=100) 55.7 Nov 2024 monthly Jan 1991 - Nov 2024
Bosnia and Herzegovina (2005=100) 96.7 Nov 2024 monthly Jan 2005 - Nov 2024
Botswana (Dec2018=100) 97.1 Aug 2023 monthly Dec 2009 - Aug 2023
Brazil (2005=100) 81.4 Nov 2024 monthly Jan 1988 - Nov 2024
Bulgaria (2005=100) 129.1 Nov 2024 monthly Jan 1993 - Nov 2024
Canada (2005=100) 88.4 Dec 2024 monthly Jan 1999 - Dec 2024
Chile (2005=100) 228.5 Jan 2025 monthly Jan 1986 - Jan 2025
China (2005=100) 135.5 Dec 2024 monthly Jan 1994 - Dec 2024
Colombia (2005=100) 113.5 Jan 2025 monthly Jan 1990 - Jan 2025
Croatia (2005=100) 103.2 Jan 2025 monthly Jan 1993 - Jan 2025
Cyprus (2005=100) 89.9 Jan 2025 monthly Jan 1993 - Jan 2025
Czech Republic (2005=100) 152.4 May 2023 monthly Jan 1995 - May 2023
Denmark (2005=100) 95.9 Dec 2024 monthly Jan 1970 - Dec 2024
Ecuador (2007=100) 110.3 Nov 2017 monthly Jan 2011 - Nov 2017
Estonia (2005=100) 142.5 Jan 2025 monthly Jan 1993 - Jan 2025
European Union (2005=100) 90.2 Jan 2025 monthly Jan 1993 - Jan 2025
Finland (2005=100) 92.8 Jan 2025 monthly Jan 1993 - Jan 2025
France (2005=100) 89.6 Jan 2025 monthly Jan 1993 - Jan 2025
Georgia (2005=100) 130.5 Jan 2025 monthly Dec 1995 - Jan 2025
Germany (2005=100) 94.0 Jan 2025 monthly Jan 1993 - Jan 2025
Ghana (2005=100) 65.8 Dec 2024 monthly Dec 1979 - Dec 2024
Greece (2005=100) 92.5 Jan 2025 monthly Jan 1993 - Jan 2025
Hong Kong SAR, China (2005=100) 111.2 Dec 2024 monthly Jan 1994 - Dec 2024
Hungary (2005=100) 105.8 Dec 2024 monthly Jan 1990 - Dec 2024
Iceland (2005=100) 92.6 Dec 2024 monthly Jan 1979 - Dec 2024
India (2005=100) 117.8 Dec 2024 monthly Apr 2004 - Dec 2024
Indonesia (2005=100) 113.4 Dec 2024 monthly Jan 1994 - Dec 2024
Iran (2005=100) 960.1 Dec 2024 monthly Jan 1979 - Dec 2024
Ireland (2005=100) 81.9 Jan 2025 monthly Jan 1993 - Jan 2025
Israel (2005=100) 127.9 Dec 2024 monthly Jan 1994 - Dec 2024
Italy (2005=100) 94.5 Jun 2023 monthly Jan 1993 - Jun 2023
Ivory Coast (2005=100) 96.3 Dec 2024 monthly Dec 1979 - Dec 2024
Japan (2005=100) 55.5 Jan 2025 monthly Jan 1970 - Jan 2025
Kazakhstan (2005=100) 101.1 Oct 2024 monthly Jan 1995 - Oct 2024
Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
South Korea (2005=100) 79.1 Dec 2024 monthly Jan 1994 - Dec 2024
Kosovo (Jan2007=100) 118.8 Dec 2024 monthly Dec 2006 - Dec 2024
Kyrgyzstan (2005=100) 146.7 Dec 2024 monthly Jan 2000 - Dec 2024
Latvia (2005=100) 130.4 Jan 2025 monthly Jan 1993 - Jan 2025
Lithuania (2005=100) 130.6 Jan 2025 monthly Jan 1993 - Jan 2025
Luxembourg (2005=100) 96.4 Jan 2025 monthly Jan 1993 - Jan 2025
North Macedonia (2005=100) 111.5 May 2023 monthly Jan 1993 - May 2023
Malawi (2010=100) 91.5 Dec 2024 monthly Dec 1979 - Dec 2024
Malaysia (2005=100) 91.8 Dec 2024 monthly Jan 1994 - Dec 2024
Malta (2005=100) 96.0 Jan 2025 monthly Jan 1993 - Jan 2025
Mexico (2005=100) 102.8 Nov 2024 monthly Jan 1968 - Nov 2024
Moldova (2005=100) 250.2 Dec 2024 monthly Nov 1993 - Dec 2024
Mongolia (2005=100) 126.5 Nov 2024 monthly Jan 2000 - Nov 2024
Morocco (2005=100) 99.9 Dec 2024 monthly Jan 1988 - Dec 2024
Netherlands (2005=100) 96.9 Jan 2025 monthly Jan 1993 - Jan 2025
New Zealand (2005=100) 94.5 Dec 2024 monthly Jan 1984 - Dec 2024
Nigeria (2005=100) 81.6 Dec 2024 monthly Dec 1979 - Dec 2024
Norway (2005=100) 73.0 Dec 2024 monthly Jan 1994 - Dec 2024
Pakistan (2010=100) 103.7 Dec 2024 monthly Jan 2013 - Dec 2024
Paraguay (2005=100) 67.6 Dec 2024 monthly Jan 1995 - Dec 2024
Peru (2005=100) 90.3 Jan 2025 monthly Jan 1991 - Jan 2025
Philippines (2005=100) 148.9 Jan 2025 monthly Jan 1993 - Jan 2025
Poland (2005=100) 116.2 Dec 2024 monthly Jan 1994 - Dec 2024
Portugal (2005=100) 92.7 Jan 2025 monthly Jan 1993 - Jan 2025
Romania (2005=100) 113.7 Dec 2024 monthly Jan 1994 - Dec 2024
Russia (2005=100) 92.3 Dec 2024 monthly Jan 1994 - Dec 2024
Saudi Arabia (2005=100) 128.9 Dec 2024 monthly Jan 1994 - Dec 2024
Serbia (2005=100) 143.0 Dec 2024 monthly Jan 2002 - Dec 2024
Singapore (2005=100) 135.7 Dec 2024 monthly Jan 1994 - Dec 2024
Slovakia (2005=100) 138.2 Jan 2025 monthly Jan 1993 - Jan 2025
Slovenia (2005=100) 99.9 Jan 2025 monthly Jan 1993 - Jan 2025
South Africa (2005=100) 90.1 Nov 2024 monthly Jan 1970 - Nov 2024
Spain (2005=100) 96.1 Jan 2025 monthly Jan 1993 - Jan 2025
Sri Lanka (2017=100) 76.5 Dec 2024 monthly Jan 2013 - Dec 2024
Sweden (2005=100) 77.6 Dec 2024 monthly Jan 1994 - Dec 2024
Switzerland (2005=100) 113.0 Jan 2025 monthly Jan 1973 - Jan 2025
Taiwan (2005=100) 92.8 Dec 2024 monthly Jan 1994 - Dec 2024
Thailand (2005=100) 124.3 Dec 2024 monthly Jan 1994 - Dec 2024
Tunisia (2005=100) 86.9 Dec 2024 monthly Jan 1979 - Dec 2024
Turkey (2005=100) 66.9 Jan 2025 monthly Jan 1994 - Jan 2025
Ukraine (2005=100) 87.7 Dec 2024 monthly Dec 1992 - Dec 2024
United Arab Emirates (2005=100) 128.2 Dec 2024 monthly Jan 1994 - Dec 2024
United Kingdom (2005=100) 89.4 Dec 2024 monthly Jan 1994 - Dec 2024
United States (Jan2006=100) 122.4 Jan 2025 monthly Jan 2006 - Jan 2025
Uruguay (2005=100) 49.0 Dec 2024 monthly Jan 2000 - Dec 2024
Venezuela (2005=100) 0.8 Feb 2019 monthly Jan 1994 - Feb 2019
Zambia (2005=100) 127.5 Sep 2024 monthly Jan 2013 - Sep 2024

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Thailand Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Dec 2024 quarterly Sep 2002 - Dec 2024
Consolidated Fiscal Balance (USD mn) 696.154 Dec 2024 monthly Oct 2001 - Dec 2024
Tax Revenue (USD mn) 67,624.756 2023 yearly 1984 - 2023
Tax Revenue: % of GDP (%) 13.2 2023 yearly 1990 - 2023
National Government Debt (USD mn) 306,237.4 Dec 2024 monthly Oct 1997 - Dec 2024
Government Debt: % of GDP (%) 56.6 Dec 2024 quarterly Dec 1997 - Dec 2024
Forecast: Government Expenditure (THB bn) 5,366.801 2029 yearly 1995 - 2029
Forecast: Government Net Debt (THB bn) 14,934.651 2029 yearly 1996 - 2029
Forecast: Government Revenue (THB bn) 4,743.913 2029 yearly 1995 - 2029
Govt Revenue: Gross: Revenue Dept: Value Added Tax (THB mn) 68,616.81 Jun 2018 monthly Oct 1989 - Jun 2018
Govt Revenue: Gross: Excise Dept (THB mn) 47,541.47 Jun 2018 monthly Oct 1989 - Jun 2018
Total Public Debt as % of GDP (%) 63.920 Dec 2024 monthly Jan 2005 - Dec 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.640 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,880.2 Jan 2025 monthly Jan 1957 - Jan 2025
Total Exports (USD mn) 25,277.0 Jan 2025 monthly Oct 1990 - Jan 2025
Total Exports Growth (%) 11.8 Jan 2025 monthly Oct 1991 - Jan 2025
Aluminum: Exports (USD th) 1,474,770.435 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 425,949.614 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 187,991.703 2023 yearly 1995 - 2023
Total Imports (USD mn) 27,157.2 Jan 2025 monthly Jan 1991 - Jan 2025
Total Imports Growth (%) 6.3 Jan 2025 monthly Jan 1992 - Jan 2025
Imports: Medicament (USD th) 1,944,018.232 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 2,208,010.738 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 4,777.942 Jan 2025 monthly Jan 1971 - Jan 2025
Total Imports from USA (USD mn) 1,745.124 Jan 2025 monthly Jan 1971 - Jan 2025
Total Exports to China (USD mn) 2,531.405 Jan 2025 monthly Sep 1978 - Jan 2025
Total Imports from China (USD mn) 8,223.661 Jan 2025 monthly Apr 1974 - Jan 2025
MoC: Trade Balance: Custom Basis (THB mn) -75,745.450 Jan 2025 monthly Jan 1991 - Jan 2025
MoC: Exports: Custom Basis (THB mn) 862,366.563 Jan 2025 monthly Oct 1990 - Jan 2025
MoC: Imports: Custom Basis (THB mn) 938,112.013 Jan 2025 monthly Jan 1991 - Jan 2025
Imports Volume: Liquefied Natural Gas (Cub ft mn) 36,790.499 Dec 2024 monthly Jan 2010 - Dec 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,287.7 Sep 2024 quarterly Mar 2005 - Sep 2024
Current Account Balance (USD mn) 2,924.6 Dec 2024 monthly Jan 1985 - Dec 2024
Current Account Balance: % of GDP (%) 4.0 Dec 2024 quarterly Mar 1993 - Dec 2024
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) 1.4 Sep 2024 quarterly Mar 1993 - Sep 2024
Foreign Portfolio Investment (USD mn) 2,765.600 Sep 2024 quarterly Mar 2005 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 2.1 Sep 2024 quarterly Mar 2005 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 1,315.3 Sep 2024 quarterly Mar 1976 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 1,450.320 Sep 2024 quarterly Mar 1976 - Sep 2024
External Debt (USD mn) 200,924.7 Sep 2024 quarterly Mar 1999 - Sep 2024
External Debt: % of GDP (%) 38.0 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: Short Term (USD mn) 87,533.6 Sep 2024 quarterly Mar 1999 - Sep 2024
External Debt: Short Term: % of GDP (%) 15.7 2023 yearly 1980 - 2023
Forecast: Current Account Balance (USD bn) 18.156 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 42,929.370 Sep 2024 quarterly Mar 2012 - Sep 2024
BOP: USD: Current Account Balance (USD mn) 2,924.550 Dec 2024 monthly Jan 2005 - Dec 2024
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
FDI: Construction (THB mn) 1,520.740 Sep 2024 quarterly Mar 2005 - Sep 2024
FDI: Manufacturing (THB mn) 19,572.550 Sep 2024 quarterly Mar 2005 - Sep 2024
FDI: Financial & Insurance Activities (THB mn) -3,517.230 Sep 2024 quarterly Mar 2005 - Sep 2024
FDI: Mining & Quarrying (THB mn) 53.250 Sep 2024 quarterly Mar 2005 - Sep 2024
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) -17.370 Sep 2024 quarterly Mar 2005 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 88.8 Sep 2024 quarterly Mar 2003 - Sep 2024
Non-Performing Loans (USD mn) 16,057.191 Sep 2024 quarterly Mar 1998 - Sep 2024
Money Supply M1 (USD mn) 94,534.266 Dec 2024 monthly Dec 1975 - Dec 2024
Money Supply M2 (USD mn) 766,968.561 Dec 2024 monthly Jan 1997 - Dec 2024
M2 Growth (%) 3.3 Dec 2024 monthly Jan 1998 - Dec 2024
Reserve Requirement Ratio (%) 1.0 Jan 2025 monthly Sep 1997 - Jan 2025
Foreign Exchange Reserves (USD mn) 214,490.7 Jan 2025 monthly Jan 1993 - Jan 2025
Foreign Exchange Reserves: Months of Import (NA) 7.9 Jan 2025 monthly Jan 1991 - Jan 2025
Gold Reserves (USD mn) 21,123.860 Jan 2025 monthly Dec 1956 - Jan 2025
Total Deposits (USD mn) 513,388.607 Dec 2024 monthly Dec 2000 - Dec 2024
Total Deposits Growth (%) 2.0 Dec 2024 monthly Dec 2001 - Dec 2024
Domestic Credit (USD mn) 786,571.6 Dec 2024 monthly Jan 2003 - Dec 2024
Domestic Credit Growth (%) 1.9 Dec 2024 monthly Jan 2004 - Dec 2024
Debt Service Ratio: Private Non-Financial Sector (%) 15.300 Dec 2023 quarterly Mar 1999 - Dec 2023
Credit to Households (USD bn) 448.489 Jun 2024 quarterly Dec 1991 - Jun 2024
Credit to Private Non-Financial Sector (USD bn) 868.946 Jun 2024 quarterly Mar 1957 - Jun 2024
Household Debt (USD mn) 436,311.8 Dec 2022 quarterly Mar 2003 - Dec 2022
Total Loans (USD mn) 512,098.834 Dec 2024 monthly Jan 2007 - Dec 2024
Total Loans Growth (%) -0.33 Dec 2024 monthly Jan 2008 - Dec 2024
Private Debt: % of Nominal GDP (%) 166.09 Dec 2024 quarterly Mar 2011 - Dec 2024
MA: Quasi Money (THB mn) 23,077,945.000 Dec 2024 monthly Jan 1997 - Dec 2024
MA: Narrow Money (NM) (THB mn) 3,244,416.000 Dec 2024 monthly Jan 1997 - Dec 2024
Monetary Aggregates (MA): Broad Money (THB mn) 26,322,361.000 Dec 2024 monthly Jan 1997 - Dec 2024
Private Credits (THB mn) 30,707,595.000 Dec 2024 monthly Jan 2011 - Dec 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 1.0 Jan 2025 monthly Feb 2000 - Jan 2025
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018
Trade and Services Sentiment Index (TSSI): MSME: Present (NA) 53.000 Nov 2024 monthly Jan 2013 - Nov 2024

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