USD to THB pair trading
This forex pair combines the world’s most frequently traded currency in the United States dollar and one of the fastest growing in the Thai baht. The USD to THB rate was formerly pegged until 1997, when Thailand was hit by the Asian financial crisis. The baht was subsequently floated and halved in value but has since recovered once more.
And that improvement has seen the baht become the best performing currency in the continent in 2018, gaining approximately 8% against the US dollar, which makes the USD to THB pair an intriguing one for traders across the globe.
USD to THB news
Recent USD to THB news has been dominated by that surge in the baht, which has prompted the Bank of Thailand to cut policy rates to 1.25%, in line with the previous all-time low in the wake of the global financial crisis in 2009.
Such a rise has seen the THB become increasingly popular among forex traders around the world, but there are other factors to consider – not the least US-China trade war, which could affect the USD to THB rate.
The US and Thailand trade heavily in the likes of electrical machinery, mineral fuels, rubber and machinery so any movements in those particular sectors could have a significant impact on the USD to THB pair.
USD to THB chart
Our USD to THB chart offers you the chance to run real-time tracking of the performance of this cross currency pair. On top of that, any current or prospective traders will be able to monitor any movement in the USD to THB pair over a monthly, weekly, daily or even hourly timescale. This could help to provide potentially helpful insights regarding any developing trends or patterns. However, the data from our USD to THB chart should not be considered as a guarantee or prediction of future performance.