ZAR/THB: what to know
The ZAR/THB rate shows how much THB you get for 1 ZAR. Right now, 1 ZAR buys 2.0522 THB at the mid-market rate. In the other direction, 1 THB is worth 0.4873 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while THB responds to tourism and trade flows.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. The Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver.
Over the past 12 months the ZAR/THB rate has ranged between 1.8259 and 2.0659 — a change of +11.30% 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.