1 AUD to Baht History
The Australian dollar (AUD) and the Thai baht (THB) have a long history of exchange rates. The AUD is the official currency of Australia, while the THB is the official currency of Thailand. In this article, we will explore the historical exchange rates between the AUD and THB.
Early Years (1966-1980)
The AUD was introduced in 1966, replacing the Australian pound. At the time, the THB was already in circulation. In the early years, the exchange rate between the AUD and THB was relatively stable, with 1 AUD equivalent to around 25-30 THB.
Floatation and Volatility (1980-1990)
In the early 1980s, the AUD was floated, which meant that its value was determined by the foreign exchange market. This led to increased volatility in the exchange rate between the AUD and THB. During this period, the exchange rate fluctuated between 20-40 THB per AUD.
Asian Financial Crisis (1997-1998)
The Asian financial crisis had a significant impact on the exchange rate between the AUD and THB. The THB was severely devalued, and the exchange rate dropped to around 10 THB per AUD. This was a low point for the THB, which had a ripple effect on the entire region.
Recovery and Stabilization (1999-2007)
In the early 2000s, the THB began to recover, and the exchange rate stabilized. The AUD and THB exchange rate fluctuated between 20-30 THB per AUD during this period.
Global Financial Crisis (2008-2009)
The global financial crisis had a profound impact on the exchange rate between the AUD and THB. The AUD strengthened significantly, and the exchange rate dropped to around 15 THB per AUD.
Recent Years (2010-Present)
In recent years, the exchange rate between the AUD and THB has fluctuated between 20-35 THB per AUD. The THB has remained relatively stable, while the AUD has experienced some volatility due to changes in global commodity prices and interest rates.
Conclusion
The exchange rate between the AUD and THB has a long and complex history. From the early years of relative stability to the volatility of the 1980s and 1990s, the exchange rate has been influenced by a range of factors, including economic crises and changes in global commodity prices. Today, the exchange rate remains an important indicator of economic trends in both Australia and Thailand.
Historical Exchange Rate Data
| Year | 1 AUD ≈ THB |
|---|---|
| 1966 | 25-30 |
| 1980 | 20-40 |
| 1990 | 15-30 |
| 1997 | 10 |
| 2000 | 20-30 |
| 2008 | 15 |
| 2010 | 25-35 |
| 2020 | 20-30 |
Please note that the exchange rates mentioned above are approximate and may vary depending on the source and methodology used.
