THB/ZAR: what to know
The THB/ZAR rate shows how much ZAR you get for 1 THB. Right now, 1 THB buys 0.4873 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 2.0522 THB.
In the short term THB is driven mainly by tourism and trade flows, while ZAR responds to 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 South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
Over the past 12 months the THB/ZAR rate has ranged between 0.4841 and 0.5477 — a change of -10.15% 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.