Convert THB to USD
The THB/USD forex pair experiences high price action on the release of important economic data from Thailand and the US, including GDP, inflation, unemployment rate, retail sales, industrial production, trade balance, manufacturing PMI, business confidence and consumer confidence.
Both the THB and the USD see ample fluctuation in their value on the release of monetary policy and interest rate decisions by the Bank of Thailand and the Federal Reserve respectively. For instance, if the Fed hikes interest rates or turns more hawkish in its monetary policy, the US dollar strengthens and the THB/USD trades bearish as a result.
THB/USD fell to a low of 29.750 on 18 December 2020. This was the weakest level this currency pair has touched so far this year.