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US Dollar / Thai Baht (USD/THB)

Track the US Dollar (USD) against the Thai Baht (THB). Stay updated with live forex rates and market insights for successful trading at FP Markets Singapore.
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US Dollar / Thai Baht (USD/THB) Profile

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.

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 Singapore dollar (SGD) was first issued in 1965 after the breakdown of the monetary union between Malaysia and Brunei. Since the financial crisis in 2007, the SGD became one of the best-performing currencies. The Singapore dollar became a popular destination for offshore investors and is the 12th most traded currency worldwide, and the 3rd most in Asia.

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US Dollar / Thai Baht (USD/THB) Trading FAQ

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).

Many factors can affect the USD/THB market sentiment and spot rates, such as central banks policies, the price of commodities in each country, exports of both countries, economic growth, and political stability.

The Thai Baht was a currency with the best performance in the continent in 2018, gaining 8 per cent against the US dollar. The USD/THB currency pair is an intriguing one for traders across the world.

As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as USD and THB. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully regulated broker that offers all types of platforms and accounts, to suit every need.

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