USD
THB
What USDTHB is
USDTHB (written USD/THB) is the price of a US dollar in Thai baht. The US dollar is the base currency and the baht is the quote currency. When the quote rises, a dollar buys more baht, so the dollar has strengthened against the baht. When the quote falls, the baht has strengthened.
Traders often call it the "dollar baht" pair. It is an exotic pair. That means a major currency is paired with the currency of a smaller or emerging economy. Exotic pairs usually trade in lower volume than majors such as EUR/USD. For background, see Majors, minors, exotics.
How to read the quote
A platform shows two prices:
- Bid: the price at which you can sell the dollar for baht.
- Ask: the price at which you can buy the dollar with baht.
The spread is the gap between them, and you pay it when you open a trade. A pip is the standard unit of price movement for a pair. The number of decimal places and the pip size for USDTHB are listed in the symbol specification in MetaTrader or the Exness Terminal. Use those figures instead of assuming them from another pair.
Pip value per lot
Pip value is always calculated in the quote currency first, which here is the baht:
- Pip value in THB = pip size × number of units in your position
- Pip value in USD = pip value in THB ÷ current USDTHB rate
Because the second step divides by the current rate, the dollar value of a pip changes as the rate moves. This is normal for any pair where the US dollar is the base currency.
On a Standard Cent account, position sizes are counted in cent lots: 1 cent lot = 1,000 USD = 0.01 standard lot.
The pip calculator below does both steps for the lot size you choose and shows the result in the quote currency and your account currency.
Fill in the empty fields to see the result.
What tends to move USD/THB
The pair moves when news changes what markets expect about US or Thai interest rates and capital flows. This section explains those drivers. It is not a USDTHB forecast. We do not publish price targets or trade ideas.
US dollar side
- Fed policy and the dot plot. The Federal Reserve sets US rates. Its dot plot shows where its policymakers expect rates to go. A change in rate expectations often moves the dollar against most currencies.
- US jobs (NFP) and CPI. The monthly non-farm payrolls report and consumer price inflation data can shift rate expectations within minutes.
- Treasury yields. Higher US yields can draw capital into dollar assets. Falling yields can do the opposite.
- Global risk appetite. In periods of stress, money often moves into the dollar. Emerging-market currencies such as the baht can weaken at those times.
Thai baht side
- Bank of Thailand (BOT) policy. Rate decisions and BOT comments on the currency affect the baht directly.
- Tourism receipts. Tourism is a large source of foreign currency for Thailand. Changes in visitor numbers and spending affect demand for baht.
- Gold flows. Gold trading is active in Thailand, and changes in gold prices can shift baht flows. See Gold for how gold markets work.
- Regional risk appetite. The baht often moves with other Asian currencies. Comparing it with USD/SGD and USD/CNH can help you see whether a move is regional or specific to Thailand.
Fundamental analysis explains how to follow these releases.
Liquidity, sessions and spreads
Local banks are active during the Asian session, so baht liquidity is usually best then. The London and New York sessions can also bring large moves, especially around US data releases.
Outside these hours, and around holidays in Thailand or the US, liquidity can be thin and spreads can widen. Spreads on exotic pairs also tend to widen sharply around major news. Prices can gap over a weekend, which means the market may open far from Friday's close and skip past a stop-loss level.
USDTHB at Exness
USDTHB appears on Exness's list of instruments eligible for unlimited leverage: Forex majors and minors, DXY, USDCNH, HKDJPY, USDHKD, USDTHB; all commodities except XAUUSD247; BTCUSD, BTCUSDT, ETHUSD, ETHBTC. That shows the pair is listed. However, availability on your specific account and platform should still be confirmed in the platform's symbol list.
The following conditions come from sourced facts:
| Item | Condition |
|---|---|
| Unlimited leverage conditions | On real accounts: equity below 5,000 USD and at least 10 closed orders totalling 5 lots or more across real accounts |
| Forex leverage during higher margin requirements | 1:200 (0.5%) |
| When higher margin requirements apply | From 15 minutes before to 90 seconds after high-impact news |
| Minimum leverage setting | 1:2 |
| Minimum lot | 0.01 lot |
We have no sourced figures for USDTHB's spread, swap, contract size or trading hours. Check the specification in the platform before trading.
Swaps are overnight financing charges. Pakistan is on Exness's list of countries whose clients are given swap-free status automatically. Confirm the status on your own account, and see Swap fees for how swaps work.
Use the margin calculator below to see how much margin a position needs at your leverage.
Fill in the empty fields to see the result.
High leverage means a small move against you can wipe out your margin quickly. Leveraged CFD and forex trading can lose money fast. Read Risk management before you choose a position size.
Ready to try it on a real or demo account?
Partner link · trading carries a high risk of loss
Legal position in Pakistan
On remittances, per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). On purchases, per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947.
On offshore platforms, per the SECP, offshore platforms have no Pakistani licence or oversight and offer no legal protection or recourse. Read Law and regulators before you deal with any offshore platform.
Frequent questions
What does USDTHB mean?
It is the US dollar priced in Thai baht. The quote shows how many baht a single dollar buys.
Is USD/THB a major pair?
No. It is an exotic pair, so it usually has wider spreads and thinner liquidity than majors.
Do you publish a USDTHB forecast?
No. We explain what tends to move the pair, such as Fed and BOT policy, US data, tourism and gold flows. We do not give price levels or trade ideas.
What is the spread on USDTHB at Exness?
We have no sourced figure. Spreads vary by account type and market conditions, so check the live quote and the symbol specification in your platform.
How do I calculate pip value?
Multiply the pip size by your position size to get the value in baht, then divide by the USDTHB rate to get the value in dollars. The pip calculator on this page does this for you, and more tools are on Calculators.
Can I trade USDTHB on MT5?
Check the symbol list in MetaTrader 5 on your account. Instruments available can differ by account type.
