THB/CAD: what to know
The THB/CAD rate shows how much CAD you get for 1 THB. Right now, 1 THB buys 0.0420 CAD at the mid-market rate. In the other direction, 1 CAD is worth 23.8255 THB.
In the short term THB is driven mainly by tourism and trade flows, while CAD responds to oil prices and the US economy.
The Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver. 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”.
Over the past 12 months the THB/CAD rate has ranged between 0.0416 and 0.0445 — a change of -3.85% 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.