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 118.3 in Jan 2024, compared with the number of 119.2 in the previous month.
  • Thailand Real Effective Exchange Rate data is updated monthly and averaged 137.9 from Jan 1994 to Jan 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 2.7 % pa in Feb 2024.
  • The cash rate (Policy Rate: Month End) was set at 2.5 % pa in Feb 2024.
  • Thailand Exchange Rate against USD averaged 34.9 (USD/THB) in Jun 2023.

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

Thailand Real Effective Exchange Rate

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

Thailand Real Effective Exchange Rate (REER: 2005=100: Month Avg: Thailand) was 118.3 in Jan 2024, compared with the number of 119.2 in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
118.3 Jan 2024 119.2 Dec 2023 78.1 Jan 1998 137.9 Jun 1997 2005=100 monthly Jan 1994 - Jan 2024

Real Effective Exchange Rate by Country Comparison

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Includes Real Effective Exchange Rate on 92 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Algeria (2005=100) 103.6 Jan 2024 monthly Jan 1994 - Jan 2024
Argentina (2005=100) 71.7 Feb 2024 monthly Jan 1997 - Feb 2024
Armenia (2005=100) 216.2 Dec 2023 monthly Jan 1997 - Dec 2023
Australia (2005=100) 103.4 Jan 2024 monthly Jan 1994 - Jan 2024
Austria (2005=100) 104.0 Dec 2023 monthly Jan 1993 - Dec 2023
Azerbaijan (2005=100) 150.8 Jan 2024 monthly Jan 2005 - Jan 2024
Bahrain (2005=100) 95.7 Dec 2023 monthly Jan 1980 - Dec 2023
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) 100.7 Dec 2023 monthly Jan 1993 - Dec 2023
Bolivia (2005=100) 53.5 Oct 2023 monthly Jan 1991 - Oct 2023
Bosnia and Herzegovina (2005=100) 98.4 Dec 2023 monthly Jan 2005 - Dec 2023
Botswana (Dec2018=100) 97.1 Aug 2023 monthly Dec 2009 - Aug 2023
Brazil (2005=100) 94.3 Dec 2023 monthly Jan 1988 - Dec 2023
Bulgaria (2005=100) 129.6 Feb 2024 monthly Jan 1993 - Feb 2024
Canada (2005=100) 91.5 Dec 2023 monthly Jan 1999 - Dec 2023
Chile (2005=100) 108.5 Jan 2024 monthly Jan 1986 - Jan 2024
China (2005=100) 135.3 Jan 2024 monthly Jan 1994 - Jan 2024
Colombia (2005=100) 120.9 Jan 2024 monthly Jan 1990 - Jan 2024
Croatia (2005=100) 101.5 Dec 2023 monthly Jan 1993 - Dec 2023
Cyprus (2005=100) 92.0 Dec 2023 monthly Jan 1993 - Dec 2023
Czech Republic (2005=100) 152.4 May 2023 monthly Jan 1995 - May 2023
Denmark (2005=100) 98.0 Sep 2023 monthly Jan 1970 - Sep 2023
Ecuador (2007=100) 110.3 Nov 2017 monthly Jan 2011 - Nov 2017
Estonia (2005=100) 141.2 Dec 2023 monthly Jan 1993 - Dec 2023
European Union (2005=100) 91.9 Feb 2024 monthly Jan 1993 - Feb 2024
Finland (2005=100) 94.3 Dec 2023 monthly Jan 1993 - Dec 2023
France (2005=100) 91.4 Dec 2023 monthly Jan 1993 - Dec 2023
Georgia (2005=100) 140.5 Jan 2024 monthly Dec 1995 - Jan 2024
Germany (2005=100) 94.8 Dec 2023 monthly Jan 1993 - Dec 2023
Ghana (2005=100) 73.2 Dec 2023 monthly Dec 1979 - Dec 2023
Greece (2005=100) 92.9 Dec 2023 monthly Jan 1993 - Dec 2023
Hong Kong SAR, China (2005=100) 109.6 Jan 2024 monthly Jan 1994 - Jan 2024
Hungary (2005=100) 99.7 Dec 2023 monthly Jan 1990 - Dec 2023
Iceland (2005=100) 88.2 Jan 2024 monthly Jan 1979 - Jan 2024
India (2005=100) 114.0 Jan 2024 monthly Apr 2004 - Jan 2024
Indonesia (2005=100) 113.6 Jan 2024 monthly Jan 1994 - Jan 2024
Iran (2005=100) 722.9 Dec 2023 monthly Jan 1979 - Dec 2023
Ireland (2005=100) 84.5 Dec 2023 monthly Jan 1993 - Dec 2023
Israel (2005=100) 120.8 Jan 2024 monthly Jan 1994 - Jan 2024
Italy (2005=100) 94.5 Jun 2023 monthly Jan 1993 - Jun 2023
Ivory Coast (2005=100) 96.8 Dec 2023 monthly Dec 1979 - Dec 2023
Japan (2005=100) 56.9 Jan 2024 monthly Jan 1970 - Jan 2024
Kazakhstan (2005=100) 97.0 Dec 2023 monthly Jan 1995 - Dec 2023
Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
South Korea (2005=100) 83.8 Jan 2024 monthly Jan 1994 - Jan 2024
Kosovo (Jan2007=100) 119.0 Jan 2024 monthly Dec 2006 - Jan 2024
Kyrgyzstan (2005=100) 137.2 Dec 2023 monthly Jan 2000 - Dec 2023
Latvia (2005=100) 130.8 Dec 2023 monthly Jan 1993 - Dec 2023
Lithuania (2005=100) 133.0 Dec 2023 monthly Jan 1993 - Dec 2023
Luxembourg (2005=100) 99.0 Dec 2023 monthly Jan 1993 - Dec 2023
North Macedonia (2005=100) 111.5 May 2023 monthly Jan 1993 - May 2023
Malawi (2010=100) 78.9 Dec 2023 monthly Dec 1979 - Dec 2023
Malaysia (2005=100) 85.4 Jan 2024 monthly Jan 1994 - Jan 2024
Malta (2005=100) 97.2 Dec 2023 monthly Jan 1993 - Dec 2023
Mexico (2005=100) 90.4 Dec 2023 monthly Jan 1968 - Dec 2023
Moldova (2005=100) 218.0 Dec 2023 monthly Nov 1993 - Dec 2023
Mongolia (2005=100) 119.4 Dec 2023 monthly Jan 2000 - Dec 2023
Morocco (2005=100) 94.1 Dec 2023 monthly Jan 1988 - Dec 2023
Netherlands (2005=100) 96.5 Dec 2023 monthly Jan 1993 - Dec 2023
New Zealand (2005=100) 98.9 Jan 2024 monthly Jan 1984 - Jan 2024
Nigeria (2005=100) 120.8 Dec 2023 monthly Dec 1979 - Dec 2023
Norway (2005=100) 76.0 Jan 2024 monthly Jan 1994 - Jan 2024
Pakistan (2010=100) 98.8 Dec 2023 monthly Jan 2013 - Dec 2023
Paraguay (2005=100) 69.9 Dec 2023 monthly Jan 1995 - Dec 2023
Peru (2005=100) 93.3 Jan 2024 monthly Jan 1991 - Jan 2024
Philippines (2005=100) 148.5 Jan 2024 monthly Jan 1993 - Jan 2024
Poland (2005=100) 114.2 Jan 2024 monthly Jan 1994 - Jan 2024
Portugal (2005=100) 93.0 Dec 2023 monthly Jan 1993 - Dec 2023
Romania (2005=100) 111.8 Jan 2024 monthly Jan 1994 - Jan 2024
Russia (2005=100) 96.9 Jan 2024 monthly Jan 1994 - Jan 2024
Saudi Arabia (2005=100) 126.8 Jan 2024 monthly Jan 1994 - Jan 2024
Serbia (2005=100) 142.2 Jan 2024 monthly Jan 2002 - Jan 2024
Singapore (2005=100) 134.7 Jan 2024 monthly Jan 1994 - Jan 2024
Slovakia (2005=100) 137.7 Dec 2023 monthly Jan 1993 - Dec 2023
Slovenia (2005=100) 101.2 Jan 2024 monthly Jan 1993 - Jan 2024
South Africa (2005=100) 84.4 Dec 2023 monthly Jan 1970 - Dec 2023
Spain (2005=100) 96.8 Dec 2023 monthly Jan 1993 - Dec 2023
Sri Lanka (2017=100) 73.0 Jan 2024 monthly Jan 2013 - Jan 2024
Sweden (2005=100) 79.8 Jan 2024 monthly Jan 1994 - Jan 2024
Switzerland (2005=100) 117.7 Jan 2024 monthly Jan 1973 - Jan 2024
Taiwan (2005=100) 93.8 Jan 2024 monthly Jan 1994 - Jan 2024
Thailand (2005=100) 118.3 Jan 2024 monthly Jan 1994 - Jan 2024
Tunisia (2005=100) 81.3 Dec 2023 monthly Jan 1979 - Dec 2023
Turkey (2005=100) 49.6 Oct 2023 monthly Jan 1994 - Oct 2023
Ukraine (2005=100) 85.3 Dec 2023 monthly Dec 1992 - Dec 2023
United Arab Emirates (2005=100) 136.6 Dec 2023 monthly Jan 1994 - Dec 2023
United Kingdom (2005=100) 86.2 Jan 2024 monthly Jan 1994 - Jan 2024
United States (Jan2006=100) 115.0 Feb 2024 monthly Jan 2006 - Feb 2024
Uruguay (2005=100) 42.4 Jan 2024 monthly Jan 2000 - Jan 2024
Venezuela (2005=100) 0.8 Feb 2019 monthly Jan 1994 - Feb 2019
Zambia (2005=100) 109.6 Oct 2023 monthly Jan 2013 - Oct 2023

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Thailand Key Series

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Includes 290 key indicators for Thailand, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 Dec 2023 quarterly Sep 2002 - Dec 2023
Consolidated Fiscal Balance (USD mn) -1,558.046 Dec 2023 monthly Oct 2001 - Dec 2023
Tax Revenue (USD mn) 67,893.852 2022 yearly 1984 - 2022
Tax Revenue: % of GDP (%) 13.4 2022 yearly 1990 - 2022
National Government Debt (USD mn) 278,138.3 Jan 2024 monthly Oct 1997 - Jan 2024
Government Debt: % of GDP (%) 54.3 Dec 2023 quarterly Dec 1997 - Dec 2023
Forecast: Government Expenditure (THB bn) 5,065.690 2028 yearly 1995 - 2028
Forecast: Government Net Debt (THB bn) 13,689.050 2028 yearly 1996 - 2028
Forecast: Government Revenue (THB bn) 4,525.300 2028 yearly 1995 - 2028
Govt Revenue: Gross: Excise Dept (THB mn) 47,541.47 Jun 2018 monthly Oct 1989 - Jun 2018
Govt Revenue: Gross: Revenue Dept: Value Added Tax (THB mn) 68,616.81 Jun 2018 monthly Oct 1989 - Jun 2018
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.640 2028 yearly 1980 - 2028
Trade Balance (USD mn) -2,757.9 Jan 2024 monthly Jan 1957 - Jan 2024
Total Exports (USD mn) 22,649.9 Jan 2024 monthly Oct 1990 - Jan 2024
Total Exports Growth (%) 10.2 Jan 2024 monthly Oct 1991 - Jan 2024
Aluminum: Exports (USD th) 1,568,630.600 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 435,513.625 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 196,247.335 2022 yearly 1995 - 2022
Total Imports (USD mn) 25,407.8 Jan 2024 monthly Jan 1991 - Jan 2024
Total Imports Growth (%) 2.8 Jan 2024 monthly Jan 1992 - Jan 2024
Imports: Medicament (USD th) 1,843,219.521 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,586,101.179 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3,895.994 Jan 2024 monthly Jan 1971 - Jan 2024
Total Imports from USA (USD mn) 1,295.397 Jan 2024 monthly Jan 1971 - Jan 2024
Total Exports to China (USD mn) 2,234.927 Jan 2024 monthly Sep 1978 - Jan 2024
Total Imports from China (USD mn) 6,848.081 Jan 2024 monthly Apr 1974 - Jan 2024
MoC: Trade Balance: Custom Basis (THB mn) -106,106.943 Jan 2024 monthly Jan 1991 - Jan 2024
MoC: Exports: Custom Basis (THB mn) 784,580.410 Jan 2024 monthly Oct 1990 - Jan 2024
MoC: Imports: Custom Basis (THB mn) 890,687.353 Jan 2024 monthly Jan 1991 - Jan 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,522.9 Sep 2023 quarterly Mar 2005 - Sep 2023
Current Account Balance (USD mn) -190.5 Jan 2024 monthly Jan 1985 - Jan 2024
Current Account Balance: % of GDP (%) 1.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) 1.1 Sep 2023 quarterly Mar 1993 - Sep 2023
Foreign Portfolio Investment (USD mn) -3,468.500 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) -2.7 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1,531.5 Sep 2023 quarterly Mar 1976 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -1,937.040 Sep 2023 quarterly Mar 1976 - Sep 2023
External Debt (USD mn) 190,055.1 Sep 2023 quarterly Mar 1999 - Sep 2023
External Debt: % of GDP (%) 37.5 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: Short Term (USD mn) 79,038.7 Sep 2023 quarterly Mar 1999 - Sep 2023
External Debt: Short Term: % of GDP (%) 16.2 2022 yearly 1980 - 2022
Forecast: Current Account Balance (USD bn) 22.379 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 32,690.870 Sep 2023 quarterly Mar 2012 - Sep 2023
BOP: USD: Current Account Balance (USD mn) -190.510 Jan 2024 monthly Jan 2005 - Jan 2024
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
FDI: Manufacturing (THB mn) 3,083.910 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Construction (THB mn) 24,298.560 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) 1,022.330 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Mining & Quarrying (THB mn) -1,975.540 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Financial & Insurance Activities (THB mn) 20,435.520 Sep 2023 quarterly Mar 2005 - Sep 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 86.6 Sep 2023 quarterly Mar 2003 - Sep 2023
Non-Performing Loans (USD mn) 14,347.394 Dec 2023 quarterly Mar 1998 - Dec 2023
Money Supply M1 (USD mn) 86,011.340 Jan 2024 monthly Dec 1975 - Jan 2024
Money Supply M2 (USD mn) 722,605.288 Jan 2024 monthly Jan 1997 - Jan 2024
M2 Growth (%) 2.3 Jan 2024 monthly Jan 1998 - Jan 2024
Reserve Requirement Ratio (%) 1.0 Feb 2024 monthly Sep 1997 - Feb 2024
Foreign Exchange Reserves (USD mn) 199,760.5 Feb 2024 monthly Jan 1993 - Feb 2024
Foreign Exchange Reserves: Months of Import (NA) 7.8 Jan 2024 monthly Jan 1991 - Jan 2024
Gold Reserves (USD mn) 15,993.030 Jan 2024 monthly Dec 1956 - Jan 2024
Total Deposits (USD mn) 502,675.779 Dec 2023 monthly Dec 2000 - Dec 2023
Total Deposits Growth (%) 0.9 Dec 2023 monthly Dec 2001 - Dec 2023
Domestic Credit (USD mn) 747,665.4 Jan 2024 monthly Jan 2003 - Jan 2024
Domestic Credit Growth (%) 3.8 Jan 2024 monthly Jan 2004 - Jan 2024
Debt Service Ratio: Private Non-Financial Sector (%) 15.000 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 448.346 Sep 2023 quarterly Dec 1991 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 869.949 Sep 2023 quarterly Mar 1957 - Sep 2023
Household Debt (USD mn) 436,311.8 Dec 2022 quarterly Mar 2003 - Dec 2022
Total Loans (USD mn) 513,205.852 Dec 2023 monthly Jan 2007 - Dec 2023
Total Loans Growth (%) 0.58 Dec 2023 monthly Jan 2008 - Dec 2023
Private Debt: % of Nominal GDP (%) 171.36 Dec 2023 quarterly Mar 2011 - Dec 2023
Monetary Aggregates (MA): Broad Money (THB mn) 25,551,323.000 Jan 2024 monthly Jan 1997 - Jan 2024
MA: Narrow Money (NM) (THB mn) 3,041,361.000 Jan 2024 monthly Jan 1997 - Jan 2024
MA: Quasi Money (THB mn) 22,509,962.000 Jan 2024 monthly Jan 1997 - Jan 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -3.6 Feb 2024 monthly Feb 2000 - Feb 2024
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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