Trading USD/THB

The USD/THB currency pair represents the US dollar vs Thai baht. The US dollar is a widely held reserve currency and the Thai baht represents an emerging nation that has recently appreciated against the USD. This page breaks down the USD to THB price history, key influences, trading tips and live charts.

USD/THB Trading Brokers

  1. Forex.com - Forex.com maintains its position as a leading FX broker, thanks to the 80+ currency pairs and some of the lowest fees in the industry. EUR/USD spreads come in as low as 0.0 with a $7 commission per $100k. The SMART Signals tool also uncovers forex price patterns from dozens of major markets.
  2. Interactive Brokers - IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and 20 complex order types, including brackets, scale, and one-cancels-all (OCA) orders.
  3. NinjaTrader - NinjaTraders supports the trading of popular currencies including the EUR/USD. The software also offers advanced features to streamline the trading experience, including complex order types like market if touched (MIT) and one cancels other (OCO).
  4. OANDA US - OANDA offers a diverse selection of 68 currency pairs, more than many alternatives. The broker’s in-house platform offers superb day trading capabilities via powerful TradingView charts, including 65+ technical indicators and 11 customizable chart types.
  5. IG - IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD.

Trading USD/THB Comparison

Trading USD/THB Comparison
Broker Forex Assets EUR/USD Spread Forex App Rating Minimum Deposit Regulator Visit
Forex.com logo
80+ 1.0
$100 NFA, CFTC Visit
Interactive Brokers logo
100+ 0.08-0.20 bps x trade value
$0 FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB Visit
NinjaTrader logo
50+ 1.3
$0 NFA, CFTC Visit
OANDA US logo
65+ 1.6
$0 NFA, CFTC Visit
IG logo
80+ 0.8
$0 FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA Visit
Videforex logo
35 Floating from 0.1 pips
$250 - Visit
Plus500 US logo
13 0.75
$100 CFTC, NFA Visit
DNA Markets logo
40+ 1.0
$100 ASIC Visit
CloseOption logo
20+ No fee - payouts approx. 80% (Copper) - $5 National Bank of Georgia Visit
Coinexx logo
60+ From 0.0 pips - 0.001 BTC - Visit
Axofa logo
10+ From 1.6 pips - $1 SVGFSA Visit
World Forex logo
53 From 0.6 - $1 SVGFSA Visit
IQCent logo
49 0.3
$250 IFMRRC Visit
RaceOption logo
25+ Floating - $250 - Visit
Scope Markets logo
44 1.0 - $50 CMA, FSC, FSCA Visit

#1 - Forex.com

Why We Chose Forex.com

Forex.com maintains its position as a leading FX broker, thanks to the 80+ currency pairs and some of the lowest fees in the industry. EUR/USD spreads come in as low as 0.0 with a $7 commission per $100k. The SMART Signals tool also uncovers forex price patterns from dozens of major markets.

"Forex.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

- DayTrading Review Team
  • GBPUSD Spread: 1.0
  • EURUSD Spread: 1.0
  • EURGBP Spread: 1.0
  • Total Assets: 80+
  • Leverage: 1:50
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral

About Forex.com

Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of day trading markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.

Pros

  • There's a VPS hosting solution for those using automated trading strategies
  • The free demo account allows you to practice day trading strategies in a risk-free environment
  • Competitive cashback rebates up to 15% are available for active traders

Cons

  • The $15 monthly inactivity fee is higher than some competitors, including XM which only charges $5
  • It's a shame that there's no copy trading platform for beginners or signal providers
  • The investment offering varies between countries

#2 - Interactive Brokers

Why We Chose Interactive Brokers

IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and 20 complex order types, including brackets, scale, and one-cancels-all (OCA) orders.

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."

- DayTrading Review Team
  • GBPUSD Spread: 0.08-0.20 bps x trade value
  • EURUSD Spread: 0.08-0.20 bps x trade value
  • EURGBP Spread: 0.08-0.20 bps x trade value
  • Total Assets: 100+
  • Leverage: 1:50
  • Platforms: Trader Workstation (TWS), Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral

About Interactive Brokers

Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

Pros

  • The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.
  • With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.
  • IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.

Cons

  • TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
  • IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
  • Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.

#3 - NinjaTrader

Why We Chose NinjaTrader

NinjaTraders supports the trading of popular currencies including the EUR/USD. The software also offers advanced features to streamline the trading experience, including complex order types like market if touched (MIT) and one cancels other (OCO).

"NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types."

- DayTrading Review Team
  • GBPUSD Spread: 1.6
  • EURUSD Spread: 1.3
  • EURGBP Spread: 1.6
  • Total Assets: 50+
  • Leverage: 1:50
  • Platforms: NinjaTrader Desktop, Web & Mobile, eSignal

About NinjaTrader

NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.

Pros

  • Low fees are offered, with $50 day trading margins & commissions from $.09 per micro contract
  • NinjaTrader is a widely respected and award-winning futures broker and is heavily authorized by the NFA and CFTC
  • You can get thousands of add-ons and applications from developers in 150+ countries

Cons

  • Non forex and futures trading requires signing up with partner brokers
  • There is a withdrawal fee on some funding methods
  • The premium platform tools come with an extra charge

#4 - OANDA US

Why We Chose OANDA US

OANDA offers a diverse selection of 68 currency pairs, more than many alternatives. The broker’s in-house platform offers superb day trading capabilities via powerful TradingView charts, including 65+ technical indicators and 11 customizable chart types.

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."

- DayTrading Review Team
  • GBPUSD Spread: 3.4
  • EURUSD Spread: 1.6
  • EURGBP Spread: 1.7
  • Total Assets: 65+
  • Leverage: 1:50
  • Platforms: OANDA Trade, MT4, TradingView, AutoChartist

About OANDA US

OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.

Pros

  • There's a strong selection of 68 currency pairs for dedicated short-term forex traders
  • Day traders can enjoy fast and reliable order execution
  • The broker offers a transparent pricing structure with no hidden charges

Cons

  • The range of day trading markets is limited to forex and cryptos only
  • It's a shame that customer support is not available on weekends
  • There's only a small range of payment methods available, with no e-wallets supported

#5 - IG

Why We Chose IG

IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD.

"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."

- DayTrading Review Team
  • GBPUSD Spread: 0.9
  • EURUSD Spread: 0.8
  • EURGBP Spread: 0.9
  • Total Assets: 80+
  • Leverage: 1:30 (Retail), 1:250 (Pro)
  • Platforms: Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral

About IG

Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

Pros

  • The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading
  • As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust
  • The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met

Cons

  • While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients
  • IG has discontinued its swap-free account, reducing its appeal to Islamic traders
  • Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges

Chart

Why Day Trade USD/THB?

Risks Of Trading USD/THB

USD/THB Day Trading Strategy

Today’s USD/THB trading strategies typically call upon live candlestick charts or fundamental news to inform price forecasts. However, regardless of whether you use historical exchange rate graphs or forward rates, the considerations listed below can help inform price predictions.

Timing

Whilst you can trade on the forex market 24/5, not every one of these hours offers optimal conditions. Instead, consider trading during periods that offer the greatest volume and volatility, as this will complement most strategies.

Generally, the most volume can be found when the trading sessions of each currency overlap. The US trading session runs from 13:00 to 22:00 GMT while Thailand’s key trading times are 17:30 to 19:30 GMT. Daily volume charts also show significant trading activity takes place when both London and New York trading sessions are open, from 13:00 to 17:00 GMT.

News & FX Rates

USD/THB traders should keep up to date with the news and important economic releases as both can impact market outlook and current sentiment. The quicker you can anticipate the latest export data from Thailand, for example, the earlier you may be to predict the next trend. Established investors often recommend validating fundamental indicators with technical analysis too.

Useful forex news sources include:

Useful websites for live USD to THB exchange rate conversions include:

Note, some providers also offer detailed charts with monthly and yearly averages.

Risk Management

Mitigating risks should be taken seriously when trading USD/THB. As well as stops and limits, some recommend not risking more than 1% to 2% of your total capital on a single trade. This is particularly good advice when speculating on risky exotic pairs as price action can be difficult to forecast.

USD Background

Understanding the USD to THB exchange rate history and the influences on respective economies can help inform future price predictions.

USD/THB forex investing

The US dollar is the most widely used currency in international transactions. The Coinage Act of 1857 established the US dollar as the only legal currency in the U.S. Before that, the Spanish coin and Mexican peso were traded around the continent. The Federal Reserve Act was established in 1913, establishing the country’s central bank.

USD Influences

THB Background

The Thai baht is one of the oldest currencies in circulation, dating back to the 13th century. Since the 20th century, the Thai baht has been pegged to many currencies and metals, including gold, the Japanese yen, the US dollar and the Pound sterling. After the Asian Financial crisis in 1997, The Bank of Thailand (BoT) decided to let the baht float freely.

Trading USD into THB

THB Influences

Linked Currencies

Currency pairs don’t move independently from each other. Movement seen in one pair is often reflected in others. Positive correlation is when pairs move in the same direction while negative correlation is when pairs move in the opposite direction.

The USD/THB is positively correlated to the USD/SGD and USD/ZAR, for example. In contrast, the USD/THB is negatively correlated to the SGD/HKD and EUR/HKD. If you’re already familiar with these currencies, you can leverage your existing forex and charting knowledge to make predictions about where the USD/THB may move next.

Final Word On Trading USD/THB

The USD/THB is a popular exotic pair. Offering access to an emerging Asian country alongside the strength and status of the US dollar, it’s an interesting forex pair to start buying and selling. There are plenty of useful resources, from real-time graphs to 5, 10, 20 and 30 years of historical data and charts to help with USD/THB strategies. There is also a selection of forex brokers to facilitate live and futures trading.

FAQ

How do I convert 1 USD = THB?

The live USD/THB exchange rate changes throughout the day. To see the current price, see the chart above or head to one of many online currency convertors.

What is the meaning of USD/THB?

This forex pair consists of the US dollar, which is the base currency, and the Thai baht, which is the quote currency. The value of USD/THB represents the number of THB equivalent to 1 USD. For example, if the market price of this pair is 32.98, then you would need 32.98 THB to buy 1 USD.

How do I start trading USD/THB?

The first step is opening an account with a forex broker. Before depositing funds, compare spreads, trading tools, regulatory status, fund security and withdrawal fees.

What is a USD/THB basis swap?

A USD/THB basis swap is an agreement between two parties to swap variable interest rates based on two floating rates, which are subject to swap points.

What is the difference between a USD/THB forward point and a forward rate?

Forward points are the number of basis points added or subtracted from the current USD/THB spot rate. This determines the forward rate of the pair, where the buyer is promised a certain exchange rate for the USD/THB at a later date.