# USD/THB: BofA raises Thailand baht forecast on oil shock, tourism weakness By Investing.com

> Bank of America raised its Thai baht forecast, now expecting 33 per US dollar by mid-2026 before strengthening to 31 by year-end, versus a prior forecast of 30. The bank cited an oil price shock and elevated Thai effective exchange rates after post-election equity inflows.

- Date: 2026-03-17 · published 2026-03-17T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/20444-usd-thb-bofa-raises-thailand-baht-forecast-on-oil-shock-tourism-weakness-by
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A weaker baht against the dollar raises the cost of Thai imports and reflects energy-driven pressure, which can lift dollar-based feed prices in Thailand.

## Read by commodity

- BRENT: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-26 | [THB USD: Thailand's Baht May Extend Falls on Exposure to Oil Shock - Bloomberg](https://feedsoft.ai/events/20439-thb-usd-thailand-s-baht-may-extend-falls-on-exposure-to-oil-shock-bloomberg.md) | +4.1% | +3.3% |
| BRENT | 2026-05-22 | [Brent’s $100 Forecast May Understate the Risk of a Tighter Oil Market \| Investing.com AU](https://feedsoft.ai/events/19433-brent-s-100-forecast-may-understate-the-risk-of-a-tighter-oil-market-investing.md) | -11.3% | -23.1% |
| BRENT | 2024-01-18 | [Oil prices rise on global demand forecasts, US crude stock draw](https://feedsoft.ai/events/32278-oil-prices-rise-on-global-demand-forecasts-us-crude-stock-draw.md) | +3.5% | +5.9% |
| BRENT | 2017-06-30 | [Canadian Dollar Exchange Rates Boosted As GDP Comes In On Forecast And Oil Boosts The CAD](https://feedsoft.ai/events/70739-canadian-dollar-exchange-rates-boosted-as-gdp-comes-in-on-forecast-and-oil.md) | +2.3% | +8.2% |
| BRENT | 2026-03-18 | [USD/VND: Oil shock risks weaker Dong – MUFG](https://feedsoft.ai/events/20470-usd-vnd-oil-shock-risks-weaker-dong-mufg.md) | +0.5% | -1.3% |

## Sources

- investing.com: https://www.investing.com/news/forex-news/usdthb-bofa-raises-thailand-baht-forecast-on-oil-shock-tourism-weakness-93CH-4565152

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.