Thai Baht To Us Dollar Exchange Rate Today
Overview
The Thai Baht to US Dollar exchange rate is the value of one Thai Baht in US Dollars. The exchange rate is an important factor in international trade, investment, and tourism. The Thai Baht is the official currency of Thailand and the US Dollar is the official currency of the United States of America. The exchange rate between these two currencies fluctuates daily based on various economic and political factors.
As of today, the Thai Baht to US Dollar exchange rate is 0.032 USD per 1 THB. This means that if you exchange 100 Thai Baht, you will receive approximately 3.22 US Dollars.
Factors Affecting the Exchange Rate
There are various factors that affect the Thai Baht to US Dollar exchange rate. Some of these factors include:
- Economic growth and stability in Thailand and the United States
- Inflation rates in both countries
- Interest rates set by both countries' central banks
- Political stability and events in both countries
- International trade and investment
All of these factors can impact the supply and demand for Thai Baht and US Dollars, which in turn affects the exchange rate.
Historical Exchange Rates
The Thai Baht to US Dollar exchange rate has fluctuated over time. Here are some historical exchange rates:
- As of May 2021, the exchange rate is 0.032 USD per 1 THB
- In May 2020, the exchange rate was 0.031 USD per 1 THB
- In May 2019, the exchange rate was 0.031 USD per 1 THB
- In May 2018, the exchange rate was 0.031 USD per 1 THB
- In May 2017, the exchange rate was 0.029 USD per 1 THB
As you can see, the exchange rate has remained relatively stable over the past few years, with minor fluctuations.
Why Exchange Rates Matter
Exchange rates matter because they affect international trade, investment, and tourism. A strong currency can make imports cheaper and exports more expensive, which can impact a country's economy. A weak currency can make imports more expensive and exports cheaper, which can also impact a country's economy.
For individuals, exchange rates can impact the cost of travel and the value of investments. If you are planning a trip to Thailand, for example, a strong US Dollar can make your trip more affordable. If you are investing in a Thai company, a weak Thai Baht can impact the value of your investment.
Conclusion
The Thai Baht to US Dollar exchange rate is an important factor in international trade, investment, and tourism. It fluctuates daily based on various economic and political factors. As of today, the exchange rate is 0.032 USD per 1 THB. Understanding exchange rates and their impact can help individuals and businesses make informed decisions.