Thailand Real Effective Exchange Rate

1994 - 2026 | 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 127.3 in Jan 2026, compared with the number of 127.5 in the previous month.
  • Thailand Real Effective Exchange Rate data is updated monthly and averaged 137.9 from Jan 1994 to Jan 2026.
  • 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 1.6 % pa in Nov 2025.
  • The cash rate (Policy Rate: Month End) was set at 1.0 % pa in Feb 2026.
  • Thailand Exchange Rate against USD averaged 32.5 (USD/THB) in Oct 2025.

View Thailand's Real Effective Exchange Rate from Jan 1994 to Jan 2026 in the chart:

Thailand Real Effective Exchange Rate

What was Thailand's Real Effective Exchange Rate in Jan 2026?

Thailand Real Effective Exchange Rate (REER: 2005=100: Month Avg: Thailand) was 127.3 in Jan 2026, compared with the number of 127.5 in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
127.3 Jan 2026 127.5 Dec 2025 78.1 Jan 1998 137.9 Jun 1997 2005=100 monthly Jan 1994 - Jan 2026

Real Effective Exchange Rate by Country Comparison

country/region Last Frequency Range
Algeria (2005=100) 100.3 Jan 2026 monthly Jan 1994 - Jan 2026
Argentina (2005=100) 55.9 Feb 2026 monthly Jan 1997 - Feb 2026
Armenia (2005=100) 241.7 Dec 2025 monthly Jan 1997 - Dec 2025
Australia (2005=100) 105.6 Jan 2026 monthly Jan 1994 - Jan 2026
Austria (2005=100) 106.0 Feb 2026 monthly Jan 1993 - Feb 2026
Azerbaijan (2005=100) 144.8 Jan 2026 monthly Jan 2005 - Jan 2026
Bahrain (2005=100) 91.3 Jan 2026 monthly Jan 1980 - Jan 2026
Bangladesh (2015-2016=100) 99.5 2024 yearly 2011 - 2024
Belarus (2005=100) 101.0 Dec 2014 monthly Jan 1996 - Dec 2014
Belgium (2005=100) 105.3 Feb 2026 monthly Jan 1993 - Feb 2026
Bolivia (2005=100) 48.8 Aug 2025 monthly Jan 1991 - Aug 2025
Bosnia and Herzegovina (2005=100) 98.6 Dec 2025 monthly Jan 2005 - Dec 2025
Botswana (Dec2018=100) 95.1 Sep 2025 monthly Dec 2009 - Sep 2025
Brazil (2005=100) 87.2 Dec 2025 monthly Jan 1988 - Dec 2025
Bulgaria (2005=100) 132.1 Nov 2025 monthly Jan 1993 - Nov 2025
Canada (2005=100) 87.7 Sep 2025 monthly Jan 1999 - Sep 2025
Chile (2005=100) 103.6 Jan 2026 monthly Jan 1986 - Jan 2026
China (2005=100) 132.8 Jan 2026 monthly Jan 1994 - Jan 2026
Colombia (2005=100) 100.3 Dec 2025 monthly Jan 1990 - Dec 2025
Croatia (2005=100) 105.8 Feb 2026 monthly Jan 1993 - Feb 2026
Cyprus (2005=100) 89.9 Feb 2026 monthly Jan 1993 - Feb 2026
Czech Republic (2005=100) 149.2 Oct 2025 monthly Jan 1995 - Oct 2025
Denmark (2005=100) 98.4 Dec 2025 monthly Jan 1970 - Dec 2025
Ecuador (2007=100) 110.3 Nov 2017 monthly Jan 2011 - Nov 2017
Estonia (2005=100) 145.2 Feb 2026 monthly Jan 1993 - Feb 2026
European Union (2005=100) 94.6 Feb 2026 monthly Jan 1993 - Feb 2026
Finland (2005=100) 93.7 Feb 2026 monthly Jan 1993 - Feb 2026
France (2005=100) 90.7 Feb 2026 monthly Jan 1993 - Feb 2026
Georgia (2005=100) 130.4 Jan 2026 monthly Dec 1995 - Jan 2026
Germany (2005=100) 96.2 Feb 2026 monthly Jan 1993 - Feb 2026
Ghana (2005=100) 92.4 Jan 2026 monthly Dec 1979 - Jan 2026
Greece (2005=100) 95.7 Feb 2026 monthly Jan 1993 - Feb 2026
Hong Kong SAR, China (2005=100) 106.6 Jan 2026 monthly Jan 1994 - Jan 2026
Hungary (2005=100) 96.9 Dec 2025 monthly Jan 1990 - Dec 2025
Iceland (2005=100) 96.3 Jan 2026 monthly Jan 1979 - Jan 2026
India (2005=100) 104.2 Jan 2026 monthly Apr 2004 - Jan 2026
Indonesia (2005=100) 104.0 Jan 2026 monthly Jan 1994 - Jan 2026
Iran (2005=100) 1,477.9 Jan 2026 monthly Jan 1979 - Jan 2026
Ireland (2005=100) 86.3 Feb 2026 monthly Jan 1993 - Feb 2026
Israel (2005=100) 140.3 Jan 2026 monthly Jan 1994 - Jan 2026
Italy (2005=100) 94.0 Oct 2025 monthly Jan 1993 - Oct 2025
Ivory Coast (2005=100) 100.3 Jan 2026 monthly Dec 1979 - Jan 2026
Japan (2005=100) 52.9 Jan 2026 monthly Jan 1970 - Jan 2026
Kazakhstan (2005=100) 106.4 Dec 2025 monthly Jan 1995 - Dec 2025
Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
South Korea (2005=100) 75.5 Jan 2026 monthly Jan 1994 - Jan 2026
Kosovo (Jan2007=100) 125.4 Dec 2025 monthly Dec 2006 - Dec 2025
Kyrgyzstan (2005=100) 138.9 Jan 2026 monthly Jan 2000 - Jan 2026
Latvia (2005=100) 131.7 Feb 2026 monthly Jan 1993 - Feb 2026
Lithuania (2005=100) 131.3 Feb 2026 monthly Jan 1993 - Feb 2026
Luxembourg (2005=100) 100.0 Feb 2026 monthly Jan 1993 - Feb 2026
North Macedonia (2005=100) 113.7 Sep 2025 monthly Jan 1993 - Sep 2025
Malawi (2010=100) 108.5 Jan 2026 monthly Dec 1979 - Jan 2026
Malaysia (2005=100) 97.7 Jan 2026 monthly Jan 1994 - Jan 2026
Malta (2005=100) 99.4 Feb 2026 monthly Jan 1993 - Feb 2026
Mexico (2005=100) 95.5 Dec 2025 monthly Jan 1968 - Dec 2025
Moldova (2005=100) 233.4 Jan 2026 monthly Nov 1993 - Jan 2026
Mongolia (2005=100) 126.8 Sep 2025 monthly Jan 2000 - Sep 2025
Morocco (2005=100) 95.7 Jan 2026 monthly Jan 1988 - Jan 2026
Netherlands (2005=100) 100.7 Feb 2026 monthly Jan 1993 - Feb 2026
New Zealand (2005=100) 93.3 Jan 2026 monthly Jan 1984 - Jan 2026
Nigeria (2005=100) 107.7 Jan 2026 monthly Dec 1979 - Jan 2026
Norway (2005=100) 76.1 Jan 2026 monthly Jan 1994 - Jan 2026
Pakistan (2010=100) 103.3 Jan 2026 monthly Jul 2001 - Jan 2026
Paraguay (2005=100) 61.6 Nov 2025 monthly Jan 1995 - Nov 2025
Peru (2005=100) 85.9 Feb 2026 monthly Jan 1991 - Feb 2026
Philippines (2005=100) 139.7 Feb 2026 monthly Jan 1993 - Feb 2026
Poland (2005=100) 121.6 Jan 2026 monthly Jan 1994 - Jan 2026
Portugal (2005=100) 94.5 Feb 2026 monthly Jan 1993 - Feb 2026
Romania (2005=100) 122.0 Jan 2026 monthly Jan 1994 - Jan 2026
Russia (2005=100) 119.3 Jan 2026 monthly Jan 1994 - Jan 2026
Saudi Arabia (2005=100) 123.8 Jan 2026 monthly Jan 1994 - Jan 2026
Serbia (2005=100) 146.7 Dec 2025 monthly Jan 2002 - Dec 2025
Singapore (2005=100) 135.4 Jan 2026 monthly Jan 1994 - Jan 2026
Slovakia (2005=100) 142.4 Feb 2026 monthly Jan 1993 - Feb 2026
Slovenia (2005=100) 102.6 Feb 2026 monthly Jan 1993 - Feb 2026
South Africa (2005=100) 93.0 Dec 2025 monthly Jan 1970 - Dec 2025
Spain (2005=100) 99.6 Feb 2026 monthly Jan 1993 - Feb 2026
Sri Lanka (2017=100) 71.4 Jan 2026 monthly Jan 2013 - Jan 2026
Sweden (2005=100) 84.0 Jan 2026 monthly Jan 1994 - Jan 2026
Switzerland (2005=100) 119.1 Feb 2026 monthly Jan 1973 - Feb 2026
Taiwan, China (2005=100) 92.0 Jan 2026 monthly Jan 1994 - Jan 2026
Thailand (2005=100) 127.3 Jan 2026 monthly Jan 1994 - Jan 2026
Tunisia (2005=100) 87.4 Jan 2026 monthly Jan 1979 - Jan 2026
Turkey (2005=100) 65.8 Feb 2026 monthly Jan 1994 - Feb 2026
Ukraine (2005=100) 81.8 Jan 2026 monthly Dec 1992 - Jan 2026
United Arab Emirates (2005=100) 120.8 Jan 2026 monthly Jan 1994 - Jan 2026
United Kingdom (2005=100) 89.2 Jan 2026 monthly Jan 1994 - Jan 2026
United States (Jan2006=100) 113.5 Feb 2026 monthly Jan 2006 - Feb 2026
Uruguay (2005=100) 44.6 Dec 2025 monthly Jan 2000 - Dec 2025
Venezuela (2005=100) 0.8 Feb 2019 monthly Jan 1994 - Feb 2019
Zambia (2005=100) 95.9 Aug 2025 monthly Jan 2013 - Aug 2025

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Thailand Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.5 Dec 2025 quarterly Sep 2002 - Dec 2025
Consolidated Fiscal Balance (USD mn) -1,173.461 Jan 2026 monthly Oct 2001 - Jan 2026
Tax Revenue (USD mn) 68,755.587 2024 yearly 1984 - 2024
Tax Revenue: % of GDP (%) 13.1 2024 yearly 1990 - 2024
National Government Debt (USD mn) 358,947.0 Jan 2026 monthly Oct 1997 - Jan 2026
Government Debt: % of GDP (%) 59.1 Dec 2025 quarterly Dec 1997 - Dec 2025
Forecast: Government Expenditure (THB bn) 5,245.892 2030 yearly 1995 - 2030
Forecast: Government Net Debt (THB bn) 15,433.076 2030 yearly 1996 - 2030
Forecast: Government Revenue (THB bn) 4,709.205 2030 yearly 1995 - 2030
Total Public Debt as % of GDP (%) 65.960 Jan 2026 monthly Jan 2005 - Jan 2026
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
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.640 2028 yearly 1980 - 2028
Trade Balance (USD mn) -3,303.4 Jan 2026 monthly Jan 1957 - Jan 2026
Total Exports (USD mn) 31,573.1 Jan 2026 monthly Oct 1990 - Jan 2026
Total Exports Growth (%) 13.3 Jan 2026 monthly Oct 1991 - Jan 2026
Aluminum: Exports (USD th) 1,786,225.975 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 538,858.502 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 138,487.036 2024 yearly 1995 - 2024
Total Imports (USD mn) 34,876.5 Jan 2026 monthly Jan 1991 - Jan 2026
Total Imports Growth (%) 17.8 Jan 2026 monthly Jan 1992 - Jan 2026
Imports: Medicament (USD th) 2,168,687.079 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 1,222,461.547 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 6,835.970 Jan 2026 monthly Jan 1971 - Jan 2026
Total Imports from USA (USD mn) 2,062.158 Jan 2026 monthly Jan 1971 - Jan 2026
Total Exports to China (USD mn) 3,430.132 Jan 2026 monthly Sep 1978 - Jan 2026
Total Imports from China (USD mn) 10,653.947 Jan 2026 monthly Apr 1974 - Jan 2026
MoC: Trade Balance: Custom Basis (THB mn) -116,700.218 Jan 2026 monthly Jan 1991 - Jan 2026
MoC: Imports: Custom Basis (THB mn) 1,097,444.621 Jan 2026 monthly Jan 1991 - Jan 2026
MoC: Exports: Custom Basis (THB mn) 980,744.403 Jan 2026 monthly Oct 1990 - Jan 2026
Imports Volume: Liquefied Natural Gas (Cub ft mn) 44,293.669 Dec 2025 monthly Jan 2010 - Dec 2025
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,079.7 Sep 2025 quarterly Mar 2005 - Sep 2025
Current Account Balance (USD mn) 723.8 Jan 2026 monthly Jan 1985 - Jan 2026
Current Account Balance: % of GDP (%) 0.6 Dec 2025 quarterly Mar 1993 - Dec 2025
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) 2.8 Sep 2025 quarterly Mar 1993 - Sep 2025
Foreign Portfolio Investment (USD mn) 149.210 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 0.1 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 117.9 Sep 2025 quarterly Mar 1976 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 31.300 Sep 2025 quarterly Mar 1976 - Sep 2025
External Debt (USD mn) 203,014.5 Sep 2025 quarterly Mar 1999 - Sep 2025
External Debt: % of GDP (%) 34.9 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: Short Term (USD mn) 85,654.4 Sep 2025 quarterly Mar 1999 - Sep 2025
External Debt: Short Term: % of GDP (%) 16.3 2024 yearly 1980 - 2024
Forecast: Current Account Balance (USD bn) 17.404 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 97,684.510 Sep 2025 quarterly Mar 2012 - Sep 2025
BOP: USD: Current Account Balance (USD mn) 723.820 Jan 2026 monthly Jan 2005 - Jan 2026
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 86.4 Sep 2025 quarterly Mar 2003 - Sep 2025
Non-Performing Loans (USD mn) 16,142.553 Dec 2025 quarterly Mar 1998 - Dec 2025
Money Supply M1 (USD mn) 112,231.439 Jan 2026 monthly Dec 1975 - Jan 2026
Money Supply M2 (USD mn) 876,894.062 Jan 2026 monthly Jan 1997 - Jan 2026
M2 Growth (%) 4.2 Jan 2026 monthly Jan 1998 - Jan 2026
Reserve Requirement Ratio (%) 1.0 Feb 2026 monthly Sep 1997 - Feb 2026
Foreign Exchange Reserves (USD mn) 247,182.8 Feb 2026 monthly Jan 1993 - Feb 2026
Foreign Exchange Reserves: Months of Import (NA) 7.1 Jan 2026 monthly Jan 1991 - Jan 2026
Gold Reserves (USD mn) 39,807.890 Feb 2026 monthly Dec 1956 - Feb 2026
Total Deposits (USD mn) 574,305.240 Jan 2026 monthly Dec 2000 - Jan 2026
Total Deposits Growth (%) 2.4 Jan 2026 monthly Dec 2001 - Jan 2026
Domestic Credit (USD mn) 883,800.4 Jan 2026 monthly Jan 2003 - Jan 2026
Domestic Credit Growth (%) 3.0 Jan 2026 monthly Jan 2004 - Jan 2026
Debt Service Ratio: Private Non-Financial Sector (%) 14.500 Jun 2025 quarterly Mar 1999 - Jun 2025
Credit to Households (USD bn) 506.230 Jun 2025 quarterly Dec 1991 - Jun 2025
Credit to Private Non-Financial Sector (USD bn) 946.456 Jun 2025 quarterly Mar 1957 - Jun 2025
Household Debt (USD mn) 502,273.1 Jun 2025 quarterly Mar 2003 - Jun 2025
Total Loans (USD mn) 566,476.469 Jan 2026 monthly Jan 2003 - Jan 2026
Total Loans Growth (%) -1.79 Jan 2026 monthly Jan 2004 - Jan 2026
Private Debt: % of Nominal GDP (%) 161.75 Dec 2025 quarterly Mar 2011 - Dec 2025
Private Credits (THB mn) 30,620,206.000 Jan 2026 monthly Jan 2011 - Jan 2026
Credit: Outs: CB: Individuals (THB mn) 6,051,494.000 Jan 2026 monthly Jan 2004 - Jan 2026
Credit: Outs: CB: Businesses (THB mn) 6,489,032.000 Jan 2026 monthly Jan 2004 - Jan 2026
Deposit: Outs: CB: Individuals (THB mn) 9,031,644.000 Jan 2026 monthly Oct 2003 - Jan 2026
Deposit: Outs: CB: Businesses (THB mn) 5,980,142.000 Jan 2026 monthly Oct 2003 - Jan 2026
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 1.4 Feb 2026 monthly Feb 2000 - Feb 2026
Trade and Services Sentiment Index (TSSI): MSME: Present (NA) 52.700 Dec 2025 monthly Jan 2013 - Dec 2025
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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