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AUD/THB Exchange Rate Gains on Strong VAT Efficiency, Policy Stability

Guavy AI Editorial Team
Instruments
AUD
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The Australian Dollar versus Thai Baht (AUD/THB) exchange rate has seen a modest daily gain, trading at ฿23.49.

This comes as Thailand's Value-Added Tax (VAT) revenue as a share of GDP matches that of the Philippines, despite operating with a lower 7% rate.

The World Bank suggests that Thailand can enhance tax collection without raising rates, improving fiscal capacity and policy stability in the process.

As a result, the Thai baht has seen increased sentiment, potentially influencing flows in the AUD/THB cross.

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