CAD/THB: what to know
The CAD/THB rate shows how much THB you get for 1 CAD. Right now, 1 CAD buys 23.8229 THB at the mid-market rate. In the other direction, 1 THB is worth 0.0420 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while THB responds to tourism and trade flows.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver.
Over the past 12 months the CAD/THB rate has ranged between 22.4830 and 24.0245 — a change of +4.00% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.