Average bank exchange rate from data above: Buy 1 gbp = 43.09 thb / Sell 1 gbp = 44.57 thb

With the growth number of international travel, the need for money exchange is growing, it is required to be vigilant and flexible in order to use currency fluctuations. Comparing quotes from different companies, you can choose the most profitable exchange rate.

Course Dynamics

The pound is the main currency in the UK, it is the fourth most significant monetary unit in the world market. Thai baht experienced the first significant fluctuation in relation to GBP between 1949 and 1950, the quotation varied from 80,477 to 62,549 £ in one year. In 1968, there was another radical change, this time the surge was from 57,442 to 49,920 British pound. Then the conversion rate stabilized again with minor fluctuations over 6 years, but the process was repeated in 1976, during which the indicator fell to 36.675 per 1 baht.

After the end of the Asian crisis, the Thai government introduced a floating exchange rate, which halved the cost of baht. Eventually, the rate stabilized again until 2008, during which the fluctuations occurred in the wild range: from 50.07231 to 66.66762 per THB. Since June 22, 2016, when the exchange rate of the pound against the Thai baht was 56.01, the sterling fell by -20.31% because of the possible withdrawal of Britain from the EU.

Recommendation

If you want to learn how to save on exchange, foreign payments and currency transfers, use our website. Quotations fluctuate depending on economic factors and geopolitical events. They also differ in various companies offering an exchange.