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Foreign Exchange Market

‘Foreign exchange market’ is a market for trading and exchanging any pair of currencies. The value (price) of one currency in terms of another currency is known as ‘foreign exchange rate’ e.g. the exchange rate between Thai Baht (THB) and US Dollar (USD), and the exchange rate between Thai Baht and Chinese Renminbi (RMB). The exchange rate movements are determined by demand and supply for the currencies over time. Such demand and supply are derived from international trade value, international capital flows and market’s expectation.

Thailand has adopted the managed float exchange rate regime since July 2, 1997. The Bank of Thailand (BOT) has implemented the foreign exchange management framework that aim to maintain its stability. The BOT does not target the exchange rate at any specific level, but monitors and oversees the exchange rate movements to be in line with economic fundamentals and not too volatile as it might deter economic sector adjustment and cause severe adverse impacts on the economy.




Related Information
Daily Foreign Exchange Rates
Rates of Exchange of Commercial Banks​
USDTHB Spot Rate and Swap Point​
Foreign Exchange Transaction
Nominal Effective Exchange Rate (NEER)
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About BOT
  • Roles & History
  • Laws And Regulations
  • Organization And Executives
  • Committee
  • Financial Reports
  • Banknotes
  • Museum
Monetary Policy
  • Monetary Policy Committee (MPC)
  • Monetary Policy Target
  • Schedule of Meetings
  • MPC Meeting Results
  • MPC Publications
  • MPC Knowledge
  • Economic Conditions
  • Regional Economy
  • Research and Conference Papers
Financial Institutions
  • Financial Institutions Policy Committee
  • Thailand’s Financial Institutions​
  • BOT Roles and Responsibilities
  • Financial Institutions Supervision in Practice
  • Financial Institutions Policy
  • Supervision of Other Financial Corporations
  • Supervisory Coordination
Financial Markets
  • Monetary Operations
  • Financial Market Development
  • Foreign Exchange Market
  • Foreign Reserves Management
  • Foreign Exchange Regulations
  • Thai Reference Rate and LIBOR Transition
  • Bond Investor Registration
Payment Systems
  • Payment Systems Committee (PSC)
  • Payment Systems Policy
  • Oversight of Payment Systems
  • Payment Systems Act
  • Oversight of e-Payment Service Providers
  • BOT's Payment System Services
  • Payment Systems Standards
  • Payment Systems Notification & Circulars
  • Cross-border Payment
  • Financial Technology
Statistics
  • Financial Markets
  • Economic and Financial
  • Financial Institutions
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  • Regional Economic and Financial
  • Key Economic Indicators
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