Bangkok Post Business EN

Baht set to fall further amid Mideast wartime pressures

The baht is expected to depreciate to 33.50 per US dollar this week after testing a nine-month low of 33 on Monday, amid heightened uncertainties surrounding the conflict in the Middle East.

Mar 23, 2026 &03512323202631; 22:51 UTC www.bangkokpost.com Trending 3/5

Read original on www.bangkokpost.com ↗

↘

Negative for markets

Sentiment score: -65/100

Moderate impact Short-term (days)

WHAT THIS MEANS

The Thai baht is expected to depreciate further to 33.50 USD/THB this week, following a nine-month low of 33.00, driven by Middle East geopolitical tensions and increased market uncertainty. This currency weakness reflects broader risk-off sentiment affecting emerging market currencies.

AI CONFIDENCE

72% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

↑

US Dollar / Yen

USDJPYCurrency

Expected to rise

Risk-off sentiment typically strengthens USD and JPY as safe-haven currencies during geopolitical crises

↓

Euro / US Dollar

EURUSDCurrency

Expected to decline

EUR weakness expected as emerging market stress and Middle East tensions create broader risk aversion

⇅

Oil (WTI Crude)

CL=FCommodity

High volatility expected

Oil prices volatile due to Middle East conflict concerns, which indirectly pressures emerging market currencies like the baht

↓

Euro Stoxx 50

^STOXX50EIndex

Expected to decline

European equities likely pressured by geopolitical tensions and emerging market currency weakness affecting multinational earnings

PRICE HISTORY

Loading chart...

⚡ SUGGESTED ACTION

Consider USD strength plays (USDJPY long) and avoid emerging market currency exposure. Monitor oil prices and Middle East headlines closely as primary drivers; baht weakness may extend beyond 33.50 if geopolitical tensions escalate further.

KEY SIGNALS

THB breaks nine-month low at 33.00 USD/THBGeopolitical risk premium increasingRisk-off sentiment in emerging marketsSafe-haven currency flows accelerating

SECTORS INVOLVED

FinancialsEmerging MarketsCurrency Markets

Analysis generated on Mar 23, 2026 at 23:36 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Bangkok Post Business. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Baht set to fall further amid Mideast wartime pressures

RELATED INTELLIGENCE