USD to THB Exchange Rate

Ah, Thailand: Home to roughly 35,000 temples, 1,430 islands, and one-tenth of all animal species on the planet. Obviously.

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What influences the USD/THB exchange rate?

The Bank of Thailand prints and issues the THB, and it also manages the nation’s foreign exchange rate according to the Exchange Control Act by trading in the foreign exchange market to control inflation.1  The Thai baht is an emerging market currency which has seen substantial volatility in recent years. After the death of Thailand’s King Bhumibol Adulyadej in October 2016, Crown Prince Maha Vajiralongkorn began his reign 1 December 2016. How the new king will impact the economic and political landscape remains to be seen.

 

International reserves and terms of trade (value of exports relative to the value of imports) play a large role on the USD/THB exchange rate, referred to as the Dollar Baht. The baht is also influenced heavily by several industries, including raw materials, electronics, and fuels. The manufacturing production index, government debt, the monetary base, and the interest rates differential don’t show a considerable relationship with the USD/THB exchange rate.2

USD/THB Snapshot

“The United States is Thailand’s third-largest bilateral trading partner, after Japan and China. In 2015, total two-way trade was estimated over $37 billion, of which approximately $13.8 billion is in U.S. exports.” – U.S. Department of State3

 

  • The Thai economy is one of the strongest in Asia, with a vibrant agricultural economy that made way for modern industrialization.4

  • In 2015, Thailand was ranked 27th in GDP, while the United States ranked 1st.5 In 2014, Thailand was the 22nd largest exporter and the 25th largest importer in the world, while the United States was the 2nd biggest exporter and biggest importer.6,7

  • Thailand’s top exports include computers, delivery trucks, integrated circuits, refined petroleum, and cars, while its top imports include crude petroleum, integrated circuits, petroleum gas, gold, and refined petroleum.6

 

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Currency Name: Thai Baht  

Currency Code: THB

Currency Symbol: ฿

Central Bank: Bank of Thailand

Countries Used In: Thailand

Major Unit: One Baht     

Minor Unit: Satang = 1/100 of 1 Baht

Note Denominations: ฿20, ฿50, ฿100, ฿500, ฿1,000

 Coin Denominations: 1, 5, 10, 25, 50 satang, ฿1, ฿2, ฿5, ฿10

 

THB to USD exchange rate analysis. Check out our daily market analysis to learn the factors influencing the THB to USD exchange rate today.

Sources:

  1. http://www.pbs.org/edens/thailand/bounty.htm
  2. https://www.bot.or.th/English/AboutBOT/RolesAndHistory/Pages/RolesAndResponsibility.aspx  
  3. http://www.sciencedirect.com/science/article/pii/S2212567115012770  
  4. https://www.state.gov/r/pa/ei/bgn/2814.htm
  5. http://www.nationsencyclopedia.com/economies/Asia-and-the-Pacific/Thailand-OVERVIEW-OF-ECONOMY.html
  6. http://databank.worldbank.org/data/download/GDP.pdf
  7. http://atlas.media.mit.edu/en/profile/country/tha/
  8. http://atlas.media.mit.edu/en/profile/country/usa/
  9.  http://www.investopedia.com/terms/t/terms-of-trade.asp