Thai Baht Opens Strong at 32.55 THB/USD (May 29, 2026)

Prachachat•Economy•1d ago

Reader Briefing

The Thai Baht opened stronger at 32.55 THB to the US Dollar on May 29, 2026, influenced by global factors including US-Iran peace talks and US inflation data.

•The Thai Baht opened stronger at 32.55 THB/USD on May 29, 2026, compared to the previous day's close of 32.72.
•US dollar weakened against major currencies, influenced by progress in US-Iran peace talks and lower-than-expected US inflation data.
•US Q1 2026 GDP growth revised down to 1.6%, and initial jobless claims increased, impacting market sentiment.

Overview

•On May 29, 2026, the Thai Baht opened at 32.55 THB/USD, strengthening from the previous day's close of 32.72 THB/USD.
•TTB's Financial Markets and International Transactions division announced the opening Baht rate.
•The Thai Baht's opening rate on May 29, 2026, was 32.55 THB per US dollar.
•The US dollar weakened against major currencies due to progress in US-Iran peace negotiations.
•Investors sold off dollars as a safe-haven currency amid the US-Iran peace talks.
•US Headline PCE inflation rose 3.8% year-on-year in April.
•US Core PCE inflation rose 3.3% year-on-year in April.
•US Q1 2026 GDP growth was revised down to 1.6% from 2.0%, but higher than Q4 2025's 0.5%.

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Key Entities

Organization

TTB(ทีทีบี)

Financial institution that released market analysis on the Thai Baht's performance.

US Federal Reserve (Fed)(ธนาคารกลางสหรัฐ (เฟด))ℹ️

Central bank of the United States, which monitors Core PCE inflation.

Place

United States(สหรัฐฯ)ℹ️

Country involved in peace talks with Iran and a source of economic data impacting global markets.

Iran(อิหร่าน)ℹ️

Country involved in peace talks with the United States.