Hua Hin Business | Knowing the Hua Hin Currency Exchange Rate
Whenever you travel to a foreign land, you rarely end up trading in your own currency, and in Thailand, you'll want to be knowledgeable regarding the Hua Hin currency exchange rate. This involves several aspects that make up the Hua Hin currency exchange rate, including the currency you are familiar with, the Thai currency, and the current economic value of each. You can track the Hua Hin currency exchange rate on several websites, but you first need to know more about the currency that is accepted in the area.
As of mid-2007, the Hua Hin currency exchange rate, based on the U.S. dollar versus the Thai baht is one baht for about three American cents (3.17 cents, give or take). Of course, the Hua Hin currency exchange rate changes with the market and the value of all international currencies, so this is not always the exact conversion. The Hua Hin currency exchange rate for a Euro, the currency accepted throughout Europe, is one baht for .0217 Euros. Keep in mind that, right now, many of the international currencies are in turmoil, and some are losing value at a high pace while others are gaining with incredible speed. That means that some monies are going to quickly gain value in the Hua Hin currency exchange rate, so despite the actual rate, a Euro will be extremely valuable to the Thai people, as will the dollar. Of course, the Foreign Exchange Market values greatly affect the Hua Hin currency exchange rate, as it does all exchange rates.
Against the Yen, the third major currency in the world, the Hua Hin currency exchange rate is quite interesting - 1 baht is actually worth almost 3.5 Japanese yen, meaning that, while the yen has strong purchasing power on the world market, they are smaller units than most of the currencies worldwide and the Hua Hin currency exchange rate is odd with this one. One of the largest values in terms of Hua Hin currency exchange rate is against the British pound, against which a single baht translates to .015 pounds. Obviously, depending on where you are traveling from, the Hua Hin currency exchange rate is going to be extremely different, and it's entirely volatile, since the exchange rate varies from day to day and can change entirely in a month's time. Keeping up with the Hua Hin currency exchange rate is essential to preparing for your trip to Thailand.
Last Updated: 05 Feb 2008