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About
History
Why Trade?
About
History
Why Trade?
The USD to THB currency pair is an important exchange rate for many people living in Thailand. The Thai Baht (THB) is the official currency of Thailand and is traded against the US dollar (USD). Since both currencies are popular, this pairing is one of the most commonly traded pairs on the foreign exchange market.
As a result, USD to THB exchange rates can be closely monitored and can greatly influence global trade. Traders often look at the USD to THB exchange rate when considering international transactions or investments that involve both countries.
The price history of the USD to THB currency pair has seen its highest peak at 54.8 to 1 Baht in Jan 1998, and its lowest low at 28.58 to 1 Baht in Mar 2013. The current exchange rate for this pair as of May 2023 is around 33 to 1 Baht. The dollar to Baht rate has a history of large fluctuations owing to global economic events such as the 1997 Asian financial crisis and the 2008-2009 Great Recession.
As an export-heavy economy, Thailand is particularly sensitive to external influences, so currency movements must be closely monitored by those involved in international trade. In recent years, the central bank of Thailand, the Bank of Thailand (BoT), has implemented a number of measures to regulate and stabilize the exchange rate of the Dollar to Baht.
The Dollar to Thai Baht (USD/THB) currency pair is a popular choice for traders due to Thailand’s strong economic growth, political stability and the fact that it has been able to maintain a lower inflation rate than most other countries. The THB also tends to have high-interest rates, making it attractive from an investment standpoint. As a result of this, the dollar to baht exchange rate is generally quite stable and reliable as an investment opportunity which makes it a great choice for traders looking for steady returns.
In addition to the USD/THB currency pair, there are other popular currency pairs that traders should consider when making their trading decisions. These include the Euro to US Dollar (EUR/USD), British Pound to US Dollar (GBP/USD), Japanese Yen to US Dollar (JPY/USD) and Australian Dollar to US Dollar (AUD/USD). All of these pairs have their own unique set of characteristics that may make them preferable for certain traders, depending on their individual trading strategies.
| Swap long | [[ data.swapLong ]] points |
|---|---|
| Swap short | [[ data.swapShort ]] points |
| Spread min | [[ data.stats.minSpread ]] |
| Spread avg | [[ data.stats.avgSpread ]] |
| Min contract size | [[ data.minVolume ]] |
| Min step size | [[ data.stepVolume ]] |
| Commission and Swap | Commission and Swap |
| Leverage | Leverage |
| Trading Hours | Trading Hours |
* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Trade [[data.name]] with Skilling
Hassle-free, with flexible trade sizes, and super low spreads!
- Spreads starting at 0.2!
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Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.
Forex
Capitalise on rising prices (go long)
Capitalise on falling prices (go short)
Trade with leverage
Trade on volatility
Enjoy huge liquidity
Manage risk with in-platform tools
Ability to set take profit and stop loss levels