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base info Injective

Injective to Thai Baht Converter and calculator

Convert 1Injective (INJ) to Thai Baht (THB) equals ฿ 645.68 | 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 Injective(INJ) to Thai Baht(THB). This is the real-time data. The current conversion shows 1 INJ at a value of 1 INJ for 645.68 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 Injective currency pair is the INJ to THB, with for Injective's currency code being INJ. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for THB.

INJ to THB conversion rate trend

1D7D1M3M1YAll
In the past 1D, Injective has changed -3.90% to THB. Based on the trend and price charts, Injective(INJ) has changed -3.90% to THB while Thai Baht(THB) has changed % to INJ in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
฿652.15
0.0200% / 0.0320%vip-iconVIP 7
Binance
฿653.16
0.1000% / 0.1000%
Yes
OKX
฿653.4
0.080% / 0.100%
Yes
Huobi
฿657.74
0.1000% / 0.1000%
Yes
Gate.io
฿653.16
0.1000% / 0.1000%
Yes
Bybit
฿653.43
0.1000% / 0.1000%
Yes
KuCoin
฿652.75
0.1000% / 0.1000%
Yes
Bitfinex
฿652.55
0.1000% / 0.1000%
Yes
Last updated 2024/10/31 16:00:17(UTC+0)

How to buy Injective

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Buy Injective (INJ)
Use a variety of payment options to buy Injective on Bitget. We'll show you how.

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

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

Bitget P2P trading currently does not support direct selling of INJ to THB. However, you can first exchange INJ 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 Injective to Thai Baht?

Injective to Thai Baht is falling this week.
Injective's current market price is ฿ 645.68 per INJ, with a total market cap of ฿ 63,824,074,182.83 THB based on a circulating supply of 98,848,020 INJ. The trading volume of Injective has changed by +3.58% (฿ 86,206,482.76 THB) in the last 24 hours. Last trading day, INJ's trading volume was ฿ 2,406,254,752.55.
Market cap
$1.89B
24h volume
$73.76M
Circulating supply
98.85M INJ

Conversion tables

The exchange rate of Injective is decreasing.
1 INJ is currently valued at ฿ 645.68 THB , which means buying 5 INJ will cost ฿ 3,228.39 THB . Similarly, ฿1 THB can be traded for 0.001549 INJ, and ฿50 THB can be converted to 0.07744 INJ, excluding any platform or gas fees.
The exchange rate of 1 INJ to Thai Baht has changed by -6.08% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.90%, reaching a high of 674.59 THB and a low of 634.98 THB . One month ago, the value of 1 INJ was ฿ 702.75 THB , which represents a -8.12% change from its current value. Over the last year, Injective has changed by
+฿
8.02THB
, resulting in a change of +28.50% in its value.

INJ to THB

Amount
23:02 today
0.5 INJ
฿322.84
1 INJ
฿645.68
5 INJ
฿3,228.39
10 INJ
฿6,456.79
50 INJ
฿32,283.94
100 INJ
฿64,567.89
500 INJ
฿322,839.43
1000 INJ
฿645,678.87

THB to INJ

Amount23:02 today
0.5THB0.0007744  INJ
1THB0.001549  INJ
5THB0.007744  INJ
10THB0.01549  INJ
50THB0.07744  INJ
100THB0.1549  INJ
500THB0.7744  INJ
1000THB1.55  INJ

Today vs. 24 hours ago

Amount23:02 today24 hours ago24h change
0.5 INJ$9.55$9.94
-3.90%
1 INJ$19.11$19.88
-3.90%
5 INJ$95.54$99.42
-3.90%
10 INJ$191.09$198.85
-3.90%
50 INJ$955.43$994.24
-3.90%
100 INJ$1,910.86$1,988.48
-3.90%
500 INJ$9,554.32$9,942.39
-3.90%
1000 INJ$19,108.63$19,884.78
-3.90%

Today vs. 1 month ago

Amount23:02 today1 month ago1M change
0.5 INJ$9.55$10.4
-8.12%
1 INJ$19.11$20.8
-8.12%
5 INJ$95.54$103.99
-8.12%
10 INJ$191.09$207.98
-8.12%
50 INJ$955.43$1,039.88
-8.12%
100 INJ$1,910.86$2,079.77
-8.12%
500 INJ$9,554.32$10,398.85
-8.12%
1000 INJ$19,108.63$20,797.69
-8.12%

Today vs. 1 year ago

Amount23:02 today1 year ago1Y change
0.5 INJ$9.55$7.44
+28.50%
1 INJ$19.11$14.87
+28.50%
5 INJ$95.54$74.36
+28.50%
10 INJ$191.09$148.71
+28.50%
50 INJ$955.43$743.57
+28.50%
100 INJ$1,910.86$1,487.14
+28.50%
500 INJ$9,554.32$7,435.71
+28.50%
1000 INJ$19,108.63$14,871.42
+28.50%

Injective price prediction

What will the price of INJ be in 2025?

Based on INJ's historical price performance prediction model, the price of INJ is projected to reach $28.01 in 2025.

What will the price of INJ be in 2030?

In 2030, the INJ price is expected to change by -11.00%. By the end of 2030, the INJ price is projected to reach $35.24, with a cumulative ROI of +78.16%.

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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 Injective 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 Injective 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 Injective 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.