THB/MXN: what to know
The THB/MXN rate shows how much MXN you get for 1 THB. Right now, 1 THB buys 0.5135 MXN at the mid-market rate. In the other direction, 1 MXN is worth 1.9473 THB.
In the short term THB is driven mainly by tourism and trade flows, while MXN responds to the US economy and capital flows.
The Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver. The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
Over the past 12 months the THB/MXN rate has ranged between 0.5100 and 0.5789 — a change of -11.40% 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.