THB/AUD: what to know
The THB/AUD rate shows how much AUD you get for 1 THB. Right now, 1 THB buys 0.0422 AUD at the mid-market rate. In the other direction, 1 AUD is worth 23.6994 THB.
In the short term THB is driven mainly by tourism and trade flows, while AUD responds to commodity prices and Chinese demand.
The Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the THB/AUD rate has ranged between 0.0420 and 0.0483 — a change of -10.57% 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.