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Umbrella Network to Thai Baht Converter and calculator

Convert 1Umbrella Network (UMB) to Thai Baht (THB) equals ฿ 0.3914 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Umbrella Network(UMB) to Thai Baht(THB). This is the real-time data. The current conversion shows 1 UMB at a value of 1 UMB for 0.39 THB . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

THB information

About the Thai Baht (THB)

What Is the Thai Baht (THB)?

The Thai Baht (THB), symbolized as ฿, is the official currency of the Kingdom of Thailand. The term "Baht" refers to both the currency itself and a unit of weight for gold, which is traditionally used in Thailand. The currency is divided into 100 smaller units known as satangs. The Thai Baht is the sole legal tender in Thailand, and it is used for all transactions within the country.

The Thai Baht is issued by the Bank of Thailand, which is the central bank of Thailand. The Bank of Thailand is responsible for the printing and minting of banknotes and coins, respectively, as well as for managing the country's monetary policy and maintaining the stability of the national currency. The Bank of Thailand was established in 1942 and has since been the sole authority for issuing the Thai Baht.

What Is the History of THB?

The baht, one of the oldest currencies, dates back to the 13th century. Originally based on a unit of mass (15 grams of silver), it transitioned to a decimal-based system in the late 19th century. The baht's value was once pegged to various currencies, including the British pound, Japanese yen, and the US dollar, before floating freely in the foreign exchange market post-1997 Asian Financial Crisis.

Notes and Coins of THB

Coins come in denominations of 1, 5, 10, 25, and 50 satangs, as well as ฿1, ฿2, ฿5, and ฿10. Banknotes are issued in denominations of ฿20, ฿50, ฿100, ฿500, and ฿1,000. Each banknote features a portrait of the country’s King, King Maha Vajiralongkorn, on the obverse side, and images of preceding rulers on the reverse.

Economic Significance

Despite political unrest, the Thai baht was one of the best-performing currencies in the forex market as of now. Thailand's economy, heavily reliant on exports (computers, electrical appliances, textiles, jewelry), fishing, agriculture, and tourism, accounts for about 66% of its GDP. The baht's strength reflects Thailand's economic growth, which, despite a slowdown post-1997, has significantly reduced poverty and elevated the country to an upper-middle-income status.

Exchange Rate and Value

Historically, the baht's value has seen significant shifts. For instance, during the 20th century, it fluctuated between 11 and 22 baht per British pound and was pegged at 20 baht = 1 USD in the mid-1950s, adjusting to 25 baht = 1 USD during the Reagan presidency. Post-1997 crisis, the USD/THB rate soared to 56 baht per USD, but as of 2024, it stabilized around 35 baht per USD.

Is THB Pegged to USD?

The Thai Baht (THB) is not pegged to the US Dollar (USD). Thailand adopted a floating exchange rate system for the Baht following the Asian Financial Crisis in 1997. Prior to this crisis, the Baht was pegged to the US Dollar, but the peg was abandoned in response to the financial pressures and economic conditions of the time.

Under the floating exchange rate system, the value of the Thai Baht is determined by market forces, primarily supply and demand dynamics in the foreign exchange market. This means that the Baht's exchange rate against the US Dollar and other currencies can fluctuate based on a variety of economic factors, including Thailand's economic performance, interest rates, inflation, and global economic conditions.

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Bitget crypto-to-fiat exchange data shows that the most popular Umbrella Network currency pair is the UMB to THB, with for Umbrella Network's currency code being UMB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for THB.

UMB to THB conversion rate trend

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In the past 1D, Umbrella Network has changed -3.48% to THB. Based on the trend and price charts, Umbrella Network(UMB) has changed -3.48% to THB while Thai Baht(THB) has changed % to UMB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
฿0.3864
0.0200% / 0.0320%vip-iconVIP 7
Gate.io
฿0.3782
0.1000% / 0.1000%
Yes
Last updated 2024/12/23 08:00:17(UTC+0)

How to buy Umbrella Network

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Umbrella Network (UMB)
Use a variety of payment options to buy Umbrella Network on Bitget. We'll show you how.

Buy UMB (or USDT) for THB (Thai Baht) offers

Bitget P2P trading does not currently support direct buying of UMB with THB. However, you can buy USDT in Bitget P2P trading first, and then buy UMB with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
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Zero fees
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Sell UMB (or USDT) for THB (Thai Baht) offers

Bitget P2P trading currently does not support direct selling of UMB to THB. However, you can first exchange UMB for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of Umbrella Network to Thai Baht?

Umbrella Network to Thai Baht is falling this week.
Umbrella Network's current market price is ฿ 0.3914 per UMB, with a total market cap of ฿ 114,657,254.85 THB based on a circulating supply of 292,962,620 UMB. The trading volume of Umbrella Network has changed by +7.97% (฿ 554,525.22 THB) in the last 24 hours. Last trading day, UMB's trading volume was ฿ 6,953,468.74.
Market cap
$3.35M
24h volume
$219.57K
Circulating supply
292.96M UMB

Conversion tables

The exchange rate of Umbrella Network is increasing.
1 UMB is currently valued at ฿ 0.3914 THB , which means buying 5 UMB will cost ฿ 1.96 THB . Similarly, ฿1 THB can be traded for 2.56 UMB, and ฿50 THB can be converted to 127.76 UMB, excluding any platform or gas fees.
The exchange rate of 1 UMB to Thai Baht has changed by -22.56% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.48%, reaching a high of 0.4057 THB and a low of 0.3747 THB . One month ago, the value of 1 UMB was ฿ 0.2653 THB , which represents a +47.40% change from its current value. Over the last year, Umbrella Network has changed by
-฿
0.1025THB
, resulting in a change of -20.72% in its value.

UMB to THB

Amount
12:34 today
0.5 UMB
฿0.1957
1 UMB
฿0.3914
5 UMB
฿1.96
10 UMB
฿3.91
50 UMB
฿19.57
100 UMB
฿39.14
500 UMB
฿195.69
1000 UMB
฿391.37

THB to UMB

Amount12:34 today
0.5THB1.28  UMB
1THB2.56  UMB
5THB12.78  UMB
10THB25.55  UMB
50THB127.76  UMB
100THB255.51  UMB
500THB1,277.56  UMB
1000THB2,555.12  UMB

Today vs. 24 hours ago

Amount12:34 today24 hours ago24h change
0.5 UMB$0.005723$0.005930
-3.48%
1 UMB$0.01145$0.01186
-3.48%
5 UMB$0.05723$0.05930
-3.48%
10 UMB$0.1145$0.1186
-3.48%
50 UMB$0.5723$0.5930
-3.48%
100 UMB$1.14$1.19
-3.48%
500 UMB$5.72$5.93
-3.48%
1000 UMB$11.45$11.86
-3.48%

Today vs. 1 month ago

Amount12:34 today1 month ago1M change
0.5 UMB$0.005723$0.003879
+47.40%
1 UMB$0.01145$0.007759
+47.40%
5 UMB$0.05723$0.03879
+47.40%
10 UMB$0.1145$0.07759
+47.40%
50 UMB$0.5723$0.3879
+47.40%
100 UMB$1.14$0.7759
+47.40%
500 UMB$5.72$3.88
+47.40%
1000 UMB$11.45$7.76
+47.40%

Today vs. 1 year ago

Amount12:34 today1 year ago1Y change
0.5 UMB$0.005723$0.007221
-20.72%
1 UMB$0.01145$0.01444
-20.72%
5 UMB$0.05723$0.07221
-20.72%
10 UMB$0.1145$0.1444
-20.72%
50 UMB$0.5723$0.7221
-20.72%
100 UMB$1.14$1.44
-20.72%
500 UMB$5.72$7.22
-20.72%
1000 UMB$11.45$14.44
-20.72%

Umbrella Network price prediction

What will the price of UMB be in 2025?

Based on UMB's historical price performance prediction model, the price of UMB is projected to reach $0.01804 in 2025.

What will the price of UMB be in 2030?

In 2030, the UMB price is expected to change by +2.00%. By the end of 2030, the UMB price is projected to reach $0.03018, with a cumulative ROI of +155.92%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Umbrella Network and THB.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Umbrella Network and THB. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Umbrella Network in THB, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.