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U.S. Dollar / Thai Baht - USD/THB
View indicative pricing, trading opportunities, latest research and market insights for USD/THB.
Price Chart
USD/THB rate chart
Price
34.2395
Change %
-0.27%
Latest Research
Yesterday 04:58 PM
November 28, 2024 10:32 PM
November 28, 2024 02:50 PM
November 27, 2024 09:55 PM
USD/THB market insights
Pivot Points
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Performance Analytics
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USD/THB overview
Overview
Costs & Margins
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USD/THB is an exotic forex pair representing how many Thai bahts equal one US dollar. The Thai baht is issued by the Central Bank of Thailand and was pegged to the US dollar until 1977. The central bank released the peg after it became too expensive to maintain and its foreign reserves were depleted.
Since the unpegging, Thailand’s economy has grown relatively strong. For example, the country’s poverty rate shrunk from 67% in 1986 to 7.2% in 2015. Thailand’s main exports are manufactured goods such as office machinery, integrated circuits and vehicular parts.
The US dollar, meanwhile, is influenced by a confluence of factors including GDP, inflation, global trade, and the country’s involvement in geopolitical factors.
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Margin From20.0 %
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Trading Hours24 hours / day *
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Min Trade Size1000
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Long-28.46
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Short-29.66
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Min Stop Distance0.0 Points
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Spreads
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Spreads From0.030 Points
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Margins
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0 - 1000 00020.0 %
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1000 000 - 5000 00025.0 %
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5000 000 - 10000 00030.0 %
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10000 000 - 20000 00035.0 %
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20000 000 +40.0 %
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Dealing
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Spreads0.030 Points
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Margins
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0 - 1000 00020.0 %
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1000 000 - 5000 00025.0 %
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5000 000 - 10000 00030.0 %
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10000 000 - 20000 00035.0 %
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20000 000 +40.0 %
Forex explained
What is forex?
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How to trade forex
In order to trade forex, there are a few key steps to follow. First, you need to select a currency pair. Many traders choose a major pair such as EUR/USD due to high liquidity. Next, analyzing the market is key to understanding the technical and fundamental drivers that may affect price. Once you understand how to read the quote, it's time to open your position by going long or short.
You'll need to monitor your trade, with many traders using technical indicators to make better sense of price action, and features such as stops and limits to manage risk. Finally, you can close your position when the market hits a price at which you want to exit.
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