THB/USD: what to know
The THB/USD rate shows how much USD you get for 1 THB. Right now, 1 THB buys 0.0303 USD at the mid-market rate. In the other direction, 1 USD is worth 33.0450 THB.
In the short term THB is driven mainly by tourism and trade flows, while USD responds to Fed policy, US growth and global risk appetite.
The Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the THB/USD rate has ranged between 0.0296 and 0.0323 — a change of -3.95% 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.