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- THAI BAHT

Those planning a trip to Thailand may find their Singapore dollars continuing to stretch further, as analysts expect the Thai baht to remain weak amid ongoing geopolitical tensions in the Middle East.

The Thai baht gained 1.86 per cent against the Singdollar in 2025 but has weakened around 4 per cent in 2026, according to Bloomberg data.

It was trading at 25.42 baht per Singdollar on June 15.

Besides Singapore travellers, some businesses here have also benefited from the Singdollar’s strength against the Thai baht.

Jerry Ng, managing director at Tong Seng Produce — the company best known for the SongHe fragrant rice brand — said a weaker Thai currency generally benefits Singapore importers, as Thai rice becomes more competitively priced in Singapore dollar terms.

“Thailand remains one of the world’s major rice exporters. This can help moderate import costs and support price stability for consumers,” he said.

Still, adverse weather conditions and geopolitical tensions leading to higher freight and fertiliser costs have impacted rice production globally.

“As a result, while a weaker Thai baht may provide some relief on import costs, it may not fully offset the broader upward pressures within the global rice supply chain,” Ng added.

MUFG Bank foreign exchange strategist Lloyd Chan said the Thai baht is particularly vulnerable to a prolonged conflict in the Middle East.