{
  "id": "fx-usd-thb",
  "title": "US dollar in Thai baht",
  "metric": "USD/THB spot",
  "unit": "THB per USD",
  "kind": "fx",
  "volatility": "fast",
  "direction_note": "broadly range-bound (≈29–37) — no FX tailwind for a dollar pension",
  "publisher": "No Margin Left",
  "source": {
    "label": "Federal Reserve EXTHUS (Thai baht to U.S. dollar spot)",
    "url": "https://fred.stlouisfed.org/series/DEXTHUS"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "No Margin Left, \"US dollar in Thai baht\" (USD/THB spot). CC BY 4.0. https://nomarginleft.com/data/fx-usd-thb.json",
  "canonical": "https://nomarginleft.com/data/fx-usd-thb.json",
  "csv": "https://nomarginleft.com/data/fx-usd-thb.csv",
  "retrieved": "2026-08-08",
  "stale": false,
  "observations": [
    {
      "date": "2013",
      "value": 30,
      "range": [
        29,
        30
      ],
      "confidence": "triangulated",
      "note": "dipped sub-30, the band's strong-baht end"
    },
    {
      "date": "2022",
      "value": 36.5,
      "range": [
        36,
        37
      ],
      "confidence": "triangulated",
      "note": "weak-baht end of the band"
    },
    {
      "date": "2026-05",
      "value": 32.68,
      "range": [
        30.85,
        33.5
      ],
      "confidence": "sourced",
      "checked": "2026-05-26",
      "note": "May spot; 52-week range; down ~2% on the year. Re-read 24 May ~32.7 and 26 May ~32.5 (range 32.40–32.68), within range; value held."
    },
    {
      "date": "2026-08",
      "value": 33.06,
      "source": {
        "label": "European Central Bank euro foreign exchange reference rates, 7 Aug 2026",
        "url": "https://www.ecb.europa.eu/stats/eurofxref/eurofxref-daily.xml"
      },
      "confidence": "sourced",
      "checked": "2026-08-08",
      "note": "Scheduled re-verification. Up ~1.2% on the May reading and still inside the ~29–37 band the direction_note describes — a decade of range, not a trend. FRED DEXTHUS, the series source of record, would not serve from this environment on 8 Aug 2026, so the reading was taken from the ECB reference set and cross-checked against a second independent feed.\n",
      "readings": [
        {
          "value": 33.056,
          "source": {
            "label": "ECB euro reference rates, 7 Aug 2026 (EUR/THB 38.129 ÷ EUR/USD 1.1535)",
            "url": "https://www.ecb.europa.eu/stats/eurofxref/eurofxref-daily.xml"
          },
          "retrieved_via": "ECB eurofxref-daily.xml, cross-rate arithmetic"
        },
        {
          "value": 33.055,
          "source": {
            "label": "Frankfurter (ECB-derived) USD base, 7 Aug 2026",
            "url": "https://api.frankfurter.dev/v1/latest?base=USD&symbols=THB"
          },
          "retrieved_via": "JSON API"
        },
        {
          "value": 33.0018,
          "source": {
            "label": "open.er-api.com USD base, 8 Aug 2026 00:02 UTC",
            "url": "https://open.er-api.com/v6/latest/USD"
          },
          "retrieved_via": "JSON API — independent of the ECB set"
        }
      ],
      "rationale": "Two ECB-derived readings agree to three decimals; the independent feed sits 0.05 THB below them, which is ordinary intraday spread rather than disagreement. Resolved to 33.06 — the ECB cross-rate rounded to the two decimals this ledger carries.\n"
    }
  ],
  "corrections": []
}