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base info IOTA

IOTA to Thai Baht Converter and calculator

Convert 1IOTA (IOTA) to Thai Baht (THB) equals ฿ 8.37 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of IOTA(IOTA) to Thai Baht(THB). This is the real-time data. The current conversion shows 1 IOTA at a value of 1 IOTA for 8.37 THB . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

THB information

About the Thai Baht (THB)

What Is the Thai Baht (THB)?

The Thai Baht (THB), symbolized as ฿, is the official currency of the Kingdom of Thailand. The term "Baht" refers to both the currency itself and a unit of weight for gold, which is traditionally used in Thailand. The currency is divided into 100 smaller units known as satangs. The Thai Baht is the sole legal tender in Thailand, and it is used for all transactions within the country.

The Thai Baht is issued by the Bank of Thailand, which is the central bank of Thailand. The Bank of Thailand is responsible for the printing and minting of banknotes and coins, respectively, as well as for managing the country's monetary policy and maintaining the stability of the national currency. The Bank of Thailand was established in 1942 and has since been the sole authority for issuing the Thai Baht.

What Is the History of THB?

The baht, one of the oldest currencies, dates back to the 13th century. Originally based on a unit of mass (15 grams of silver), it transitioned to a decimal-based system in the late 19th century. The baht's value was once pegged to various currencies, including the British pound, Japanese yen, and the US dollar, before floating freely in the foreign exchange market post-1997 Asian Financial Crisis.

Notes and Coins of THB

Coins come in denominations of 1, 5, 10, 25, and 50 satangs, as well as ฿1, ฿2, ฿5, and ฿10. Banknotes are issued in denominations of ฿20, ฿50, ฿100, ฿500, and ฿1,000. Each banknote features a portrait of the country’s King, King Maha Vajiralongkorn, on the obverse side, and images of preceding rulers on the reverse.

Economic Significance

Despite political unrest, the Thai baht was one of the best-performing currencies in the forex market as of now. Thailand's economy, heavily reliant on exports (computers, electrical appliances, textiles, jewelry), fishing, agriculture, and tourism, accounts for about 66% of its GDP. The baht's strength reflects Thailand's economic growth, which, despite a slowdown post-1997, has significantly reduced poverty and elevated the country to an upper-middle-income status.

Exchange Rate and Value

Historically, the baht's value has seen significant shifts. For instance, during the 20th century, it fluctuated between 11 and 22 baht per British pound and was pegged at 20 baht = 1 USD in the mid-1950s, adjusting to 25 baht = 1 USD during the Reagan presidency. Post-1997 crisis, the USD/THB rate soared to 56 baht per USD, but as of 2024, it stabilized around 35 baht per USD.

Is THB Pegged to USD?

The Thai Baht (THB) is not pegged to the US Dollar (USD). Thailand adopted a floating exchange rate system for the Baht following the Asian Financial Crisis in 1997. Prior to this crisis, the Baht was pegged to the US Dollar, but the peg was abandoned in response to the financial pressures and economic conditions of the time.

Under the floating exchange rate system, the value of the Thai Baht is determined by market forces, primarily supply and demand dynamics in the foreign exchange market. This means that the Baht's exchange rate against the US Dollar and other currencies can fluctuate based on a variety of economic factors, including Thailand's economic performance, interest rates, inflation, and global economic conditions.

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Bitget crypto-to-fiat exchange data shows that the most popular IOTA currency pair is the IOTA to THB, with for IOTA's currency code being IOTA. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for THB.

IOTA to THB conversion rate trend

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In the past 1D, IOTA has changed +1.61% to THB. Based on the trend and price charts, IOTA(IOTA) has changed +1.61% to THB while Thai Baht(THB) has changed % to IOTA in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
฿8.37
0.0001% / 0.0004%vip-iconVIP
Binance
฿8.37
0.1000% / 0.1000%
Yes
OKX
฿8.36
0.080% / 0.100%
Yes
Huobi
฿9.03
0.1000% / 0.1000%
Yes
Gate.io
฿8.37
0.1000% / 0.1000%
Yes
KuCoin
฿8.37
0.1000% / 0.1000%
Yes
Last updated 2024/05/27 12:00:17(UTC+0)

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What factors influence the conversion rate of IOTA to Thai Baht?

IOTA to Thai Baht is rising this week.
IOTA's current market price is ฿ 8.37 per IOTA, with a total market cap of ฿ 27,363,339,035.14 THB based on a circulating supply of 3,267,780,900 IOTA. The trading volume of IOTA has changed by +0.32% (฿ 1,344,374.32 THB) in the last 24 hours. Last trading day, IOTA's trading volume was ฿ 422,493,499.89.
Market cap
$747.27M
24h volume
$11.57M
Circulating supply
3.27B IOTA

Conversion tables

The exchange rate of IOTA is decreasing.
1 IOTA is currently valued at ฿ 8.37 THB , which means buying 5 IOTA will cost ฿ 41.87 THB . Similarly, ฿1 THB can be traded for 0.1194 IOTA, and ฿50 THB can be converted to 5.97 IOTA, excluding any platform or gas fees.
The exchange rate of 1 IOTA to Thai Baht has changed by +5.41% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.61%, reaching a high of 8.39 THB and a low of 8.17 THB . One month ago, the value of 1 IOTA was ฿ 8.4 THB , which represents a -0.35% change from its current value. Over the last year, IOTA has changed by
+฿
1THB
, resulting in a change of +13.58% in its value.

IOTA to THB

Amount
12:31 today
0.5 IOTA
฿4.19
1 IOTA
฿8.37
5 IOTA
฿41.87
10 IOTA
฿83.74
50 IOTA
฿418.68
100 IOTA
฿837.37
500 IOTA
฿4,186.84
1000 IOTA
฿8,373.68

THB to IOTA

Amount12:31 today
0.5THB0.05971  IOTA
1THB0.1194  IOTA
5THB0.5971  IOTA
10THB1.19  IOTA
50THB5.97  IOTA
100THB11.94  IOTA
500THB59.71  IOTA
1000THB119.42  IOTA
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Today vs. 24 hours ago

Amount12:31 today24 hours ago24h change
0.5 IOTA$0.1143$0.1125
+1.61%
1 IOTA$0.2287$0.2251
+1.61%
5 IOTA$1.14$1.13
+1.61%
10 IOTA$2.29$2.25
+1.61%
50 IOTA$11.43$11.25
+1.61%
100 IOTA$22.87$22.51
+1.61%
500 IOTA$114.34$112.53
+1.61%
1000 IOTA$228.68$225.06
+1.61%

Today vs. 1 month ago

Amount12:31 today1 month ago1M change
0.5 IOTA$0.1143$0.1147
-0.35%
1 IOTA$0.2287$0.2295
-0.35%
5 IOTA$1.14$1.15
-0.35%
10 IOTA$2.29$2.29
-0.35%
50 IOTA$11.43$11.47
-0.35%
100 IOTA$22.87$22.95
-0.35%
500 IOTA$114.34$114.74
-0.35%
1000 IOTA$228.68$229.49
-0.35%
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Today vs. 1 year ago

Amount12:31 today1 year ago1Y change
0.5 IOTA$0.1143$0.1007
+13.58%
1 IOTA$0.2287$0.2013
+13.58%
5 IOTA$1.14$1.01
+13.58%
10 IOTA$2.29$2.01
+13.58%
50 IOTA$11.43$10.07
+13.58%
100 IOTA$22.87$20.13
+13.58%
500 IOTA$114.34$100.67
+13.58%
1000 IOTA$228.68$201.33
+13.58%

IOTA price prediction

What will the price of IOTA be in 2025?

Based on IOTA's historical price performance prediction model, the price of IOTA is projected to reach $0.3060 in 2025.

What will the price of IOTA be in 2030?

In 2030, the IOTA price is expected to rise by +2.00%. By the end of 2030, the IOTA price is projected to reach $0.6444, with a cumulative ROI of +181.78%.
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