About this pair
THB/MYR: what to know
The THB/MYR rate shows how much MYR you get for 1 THB. Right now, 1 THB buys 0.1232 MYR at the mid-market rate. In the other direction, 1 MYR is worth 8.1186 THB.
In the short term THB is driven mainly by tourism and trade flows, while MYR responds to commodity prices and regional demand.
The Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver. The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
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.