USD/THB


traders view logo Charts by TradingView

Pricing is indicative. Past performance is not a reliable indicator of future results. Log in to see latest markets data.

US DOLLAR / THAI BAHT Trading

The USD/THB currency pair combines the world’s most frequently traded currency pair in the United States dollar and one of the fastest-growing in the Thai Baht. In 1997, the USD/THB rate was pegged when Asia's financial crisis hit Thailand. The Thai Baht was subsequently floated and halved in value, but it has recovered gradually since then.

History of USD THB Trading

The USD dates back to 1792, when the United States Congress created the US dollar as the official country’s currency. It serves as legal tender in many countries, and it is the most widely used currency in the world both in circulation and reserve. The US dollar forms the majors as it pairs with all main currencies in the foreign exchange market (forex).

The Thai Baht (THB) has been the official currency of Thailand for centuries. The modern incarnation of the currency came in the early 20th century with the reforms of Chulalongkorn. King Rama V decimalised the Thai Baht, known as the Thai Tical by westerners. In 1997, the currency became the focus of economic observers as Thailand was the epicentre of the Asian financial crisis. It started after the Bank of Thailand was forced to abandon the Thai Baht pegging to the US dollar. This un-pegging caused the currency to collapse and instigated a wave of bankruptcies among Thai businesses who borrowed in dollars but earned revenues in Baht. After the 2014 coup-d’etat, the military government took full control of the country. The government issued a 20-year development plan in order to reach the goal of developed-economy status by 2037.

USD/THB Trading FAQs

While forex pairs can theoretically be traded 24 hours a day, there are optimum times to trade the USD/THB whenever the currency pair is more volatile. From 13:00 to 22:00 GMT., 13:00 to 17:00 GMT. and 17:30 to 19:30 GMT. the USD/THB is usually busy (GMT).

Why Trade USD/THB with FP Markets? An Australian-regulated forex & CFD broker
go long or short
Go Long or Short

Increase your ability to profit in
all market conditions
Leverage options up to 20:1

direct market access
Direct Market Access (DMA) Execution

Real-time, transparent share prices
Control, Functionality and deep liquidity
Full Market depth & see your orders in the queue

advanced platforms
Advanced Platforms
& Technology

MT4, MT5, Webtrader & Iress with
superior client portal

24/5 Multilingual customer support
24/5 Multilingual
Customer Support

Award winning support &
personal account managers

global exposure
Global Exposure

Low margins and competitive commission
+10,000 products on global stocks
across 4 continents

earn dividends
Earn Dividends

On long positions
No ownership of physical
shares necessary

Začněte obchodovat
během několika minut

bullet Přístup k více než 10 000 finančních nástrojů
bullet Automatické otevírání a zavírání pozic
bullet Zprávy a hospodářský kalendář
bullet Technické indikátory a grafy
bullet Mnoho dalších dodaných nástrojů

Zadáním své e-mailové adresy vyjadřujete souhlas se zásadami ochrany osobních údajů FP Markets a v budoucnu budete od FP Markets dostávat marketingové materiály. Odběr můžete kdykoli odhlásit.




Source - database | Page ID - 5318

Get instant Updates in Telegram