Thailand Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Thailand's real effective exchange rate was 100.98 in 2026 (projected), ranked 21st globally. This represents a 2.9% increase from 2025. Data from BIS, covering 1994–2026.
Overview
Thailand's real effective exchange rate stood at 100.98 in 2026, a rise of +2.85 from 2025. Based on recent trends, this figure is projected to reach 101.65 by 2027. Thailand ranked 21st globally.
Thailand’s real effective exchange rate (REER) stood at 100.98 in 2026, placing the economy 21st among 140 nations surveyed by the BIS and marginally above the 2022 average of 100.0. The REER has risen modestly from its 1994 level of 97.49, reflecting a gradual appreciation of the baht relative to its trading partners over the 33‑year span. The index reached its all‑time high of 102.85 in 2019, driven by strong export growth and capital inflows, before retreating to a trough of 76.65 in 2001 amid the Asian financial crisis. Compared with peers of similar rank, Thailand’s REER is slightly lower than Slovenia’s 101.43 and higher than Italy’s 99.95, suggesting a competitive but not overly tight external position. Continued fiscal consolidation and a shift toward higher‑value manufacturing could sustain the modest upward trajectory, while a sharp slowdown in global demand or a major currency shock would likely reverse the trend.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 105.14 | - | - |
| 2028* trend | 103.39 | - | - |
| 2027* trend | 101.65 | - | - |
| 2026 | 100.98 | +2.85 | #21 |
| 2025 | 98.13 | +3.97 | #12 |
| 2024 | 94.16 | −0.84 | #30 |
| 2023 | 95.00 | +1.18 | #28 |
| 2022 | 93.83 | −0.62 | #30 |
| 2021 | 94.45 | −5.55 | #36 |
| 2020 | 100.00 | −2.85 | #57 |
| 2019 | 102.85 | +5.63 | #72 |
| 2018 | 97.22 | +2.71 | #39 |
| 2017 | 94.51 | +3.02 | #29 |
| 2016 | 91.49 | −2.97 | #25 |
| 2015 | 94.45 | +1.34 | #40 |
| 2014 | 93.11 | −2.83 | #17 |
| 2013 | 95.94 | +4.99 | #18 |
| 2012 | 90.95 | +0.38 | #6 |
Detected Pattern
Analysis
Thailand matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Thailand's real effective exchange rate was 100.98 in 2026. Ranked 21st globally. This represents a 2.9% increase from the previous year.
Thailand's real effective exchange rate peaked at 102.85 in 2019.
The lowest real effective exchange rate in Thailand was 76.65 in 2001.
Thailand ranks 21st globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Thailand's real effective exchange rate is projected to reach 101.65 by 2027 based on trend extrapolation.
The real effective exchange rate of Thailand in 2026 was 100.98. This ranks 21st in the world.
Cite this page
@misc{historysaid_thailand_reer,
title = {Thailand Real Effective Exchange Rate},
url = {https://historysaid.com/thailand/reer/},
publisher = {HistorySaid},
year = {2026}
}