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VeChain to Thai Baht Converter and calculator

Convert 1VeChain (VET) to Thai Baht (THB) equals ฿ 1.58 | 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 VeChain(VET) to Thai Baht(THB). This is the real-time data. The current conversion shows 1 VET at a value of 1 VET for 1.58 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 VeChain currency pair is the VET to THB, with for VeChain's currency code being VET. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for THB.

VET to THB conversion rate trend

1D7D1M3M1YAll
In the past 1D, VeChain has changed +1.14% to THB. Based on the trend and price charts, VeChain(VET) has changed +1.14% to THB while Thai Baht(THB) has changed % to VET in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
฿1.58
0.0001% / 0.0004%vip-iconVIP
Binance
฿1.58
0.1000% / 0.1000%
Yes
Huobi
฿1.58
0.1000% / 0.1000%
Yes
Gate.io
฿1.58
0.1000% / 0.1000%
Yes
KuCoin
฿1.58
0.1000% / 0.1000%
Yes
Bitfinex
฿1.58
0.1000% / 0.1000%
Yes
Last updated 2024/04/24 06:00:37(UTC+0)

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

VeChain to Thai Baht is rising this week.
VeChain's current market price is ฿ 1.58 per VET, with a total market cap of ฿ 114,787,239,707.39 THB based on a circulating supply of 72,714,520,000 VET. The trading volume of VeChain has changed by +2.27% (฿ 51,585,647.01 THB) in the last 24 hours. Last trading day, VET's trading volume was ฿ 2,273,597,206.16.
Market cap
$3.11B
24h volume
$63.04M
Circulating supply
72.71B VET

Conversion tables

The exchange rate of VeChain is decreasing.
1 VET is currently valued at ฿ 1.58 THB , which means buying 5 VET will cost ฿ 7.89 THB . Similarly, ฿1 THB can be traded for 0.6335 VET, and ฿50 THB can be converted to 31.67 VET, excluding any platform or gas fees.
The exchange rate of 1 VET to Thai Baht has changed by +5.77% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.14%, reaching a high of 1.59 THB and a low of 1.53 THB . One month ago, the value of 1 VET was ฿ 1.59 THB , which represents a -0.56% change from its current value. Over the last year, VeChain has changed by
+฿
0.7699THB
, resulting in a change of +95.21% in its value.

VET to THB

Amount
06:17 am today
0.5 VET
฿0.7893
1 VET
฿1.58
5 VET
฿7.89
10 VET
฿15.79
50 VET
฿78.93
100 VET
฿157.86
500 VET
฿789.3
1000 VET
฿1,578.6

THB to VET

Amount06:17 am today
0.5THB0.3167  VET
1THB0.6335  VET
5THB3.17  VET
10THB6.33  VET
50THB31.67  VET
100THB63.35  VET
500THB316.74  VET
1000THB633.47  VET
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Today vs. 24 hours ago

Amount06:17 am today24 hours ago24h change
0.5 VET$0.02140$0.02116
+1.14%
1 VET$0.04280$0.04232
+1.14%
5 VET$0.2140$0.2116
+1.14%
10 VET$0.4280$0.4232
+1.14%
50 VET$2.14$2.12
+1.14%
100 VET$4.28$4.23
+1.14%
500 VET$21.4$21.16
+1.14%
1000 VET$42.8$42.32
+1.14%

Today vs. 1 month ago

Amount06:17 am today1 month ago1M change
0.5 VET$0.02140$0.02152
-0.56%
1 VET$0.04280$0.04304
-0.56%
5 VET$0.2140$0.2152
-0.56%
10 VET$0.4280$0.4304
-0.56%
50 VET$2.14$2.15
-0.56%
100 VET$4.28$4.3
-0.56%
500 VET$21.4$21.52
-0.56%
1000 VET$42.8$43.04
-0.56%

Today vs. 1 year ago

Amount06:17 am today1 year ago1Y change
0.5 VET$0.02140$0.01096
+95.21%
1 VET$0.04280$0.02193
+95.21%
5 VET$0.2140$0.1096
+95.21%
10 VET$0.4280$0.2193
+95.21%
50 VET$2.14$1.1
+95.21%
100 VET$4.28$2.19
+95.21%
500 VET$21.4$10.96
+95.21%
1000 VET$42.8$21.93
+95.21%

FAQ

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