THB/NZD: what to know
The THB/NZD rate shows how much NZD you get for 1 THB. Right now, 1 THB buys 0.0521 NZD at the mid-market rate. In the other direction, 1 NZD is worth 19.2056 THB.
In the short term THB is driven mainly by tourism and trade flows, while NZD responds to soft-commodity prices and risk appetite.
The Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver. The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Over the past 12 months the THB/NZD rate has ranged between 0.0508 and 0.0555 — a change of -1.31% 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.