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Innova to Thai Baht Converter and calculator

Convert 1Innova (INN) to Thai Baht (THB) equals ฿ 0.08252 | 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 Innova(INN) to Thai Baht(THB). This is the real-time data. The current conversion shows 1 INN at a value of 1 INN for 0.08 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 Innova currency pair is the INN to THB, with for Innova's currency code being INN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for THB.

INN to THB conversion rate trend

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In the past 1D, Innova has changed +42.22% to THB. Based on the trend and price charts, Innova(INN) has changed +42.22% to THB while Thai Baht(THB) has changed % to INN in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
฿0.08256
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/23 00:31:49(UTC+0)

How to buy Innova

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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 Innova (INN)
Use a variety of payment options to buy Innova on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of INN with THB. However, you can buy USDT in Bitget P2P trading first, and then buy INN with USDT via Bitget spot market.
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Low to high
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Sell INN (or USDT) for THB (Thai Baht) offers

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

Innova to Thai Baht is falling this week.
Innova's current market price is ฿ 0.08252 per INN, with a total market cap of ฿ 569,556.5 THB based on a circulating supply of 6,901,771 INN. The trading volume of Innova has changed by -90.53% (฿ -1,127.75 THB) in the last 24 hours. Last trading day, INN's trading volume was ฿ 1,245.67.
Market cap
$16.63K
24h volume
$3.44411964
Circulating supply
6.90M INN

Conversion tables

The exchange rate of Innova is increasing.
1 INN is currently valued at ฿ 0.08252 THB , which means buying 5 INN will cost ฿ 0.4126 THB . Similarly, ฿1 THB can be traded for 12.12 INN, and ฿50 THB can be converted to 605.89 INN, excluding any platform or gas fees.
The exchange rate of 1 INN to Thai Baht has changed by -61.66% in the last 7 days. In the last 24 hours, the rate has fluctuated by +42.22%, reaching a high of 0.08264 THB and a low of 0.05802 THB . One month ago, the value of 1 INN was ฿ 0.04043 THB , which represents a +104.08% change from its current value. Over the last year, Innova has changed by
-฿
0.3384THB
, resulting in a change of -80.39% in its value.

INN to THB

Amount
03:31 am today
0.5 INN
฿0.04126
1 INN
฿0.08252
5 INN
฿0.4126
10 INN
฿0.8252
50 INN
฿4.13
100 INN
฿8.25
500 INN
฿41.26
1000 INN
฿82.52

THB to INN

Amount03:31 am today
0.5THB6.06  INN
1THB12.12  INN
5THB60.59  INN
10THB121.18  INN
50THB605.89  INN
100THB1,211.78  INN
500THB6,058.9  INN
1000THB12,117.8  INN

Today vs. 24 hours ago

Amount03:31 am today24 hours ago24h change
0.5 INN$0.001205$0.0008472
+42.22%
1 INN$0.002410$0.001694
+42.22%
5 INN$0.01205$0.008472
+42.22%
10 INN$0.02410$0.01694
+42.22%
50 INN$0.1205$0.08472
+42.22%
100 INN$0.2410$0.1694
+42.22%
500 INN$1.21$0.8472
+42.22%
1000 INN$2.41$1.69
+42.22%

Today vs. 1 month ago

Amount03:31 am today1 month ago1M change
0.5 INN$0.001205$0.0005904
+104.08%
1 INN$0.002410$0.001181
+104.08%
5 INN$0.01205$0.005904
+104.08%
10 INN$0.02410$0.01181
+104.08%
50 INN$0.1205$0.05904
+104.08%
100 INN$0.2410$0.1181
+104.08%
500 INN$1.21$0.5904
+104.08%
1000 INN$2.41$1.18
+104.08%

Today vs. 1 year ago

Amount03:31 am today1 year ago1Y change
0.5 INN$0.001205$0.006147
-80.39%
1 INN$0.002410$0.01229
-80.39%
5 INN$0.01205$0.06147
-80.39%
10 INN$0.02410$0.1229
-80.39%
50 INN$0.1205$0.6147
-80.39%
100 INN$0.2410$1.23
-80.39%
500 INN$1.21$6.15
-80.39%
1000 INN$2.41$12.29
-80.39%

Innova price prediction

What will the price of INN be in 2025?

Based on INN's historical price performance prediction model, the price of INN is projected to reach $0.004228 in 2025.

What will the price of INN be in 2030?

In 2030, the INN price is expected to change by -6.00%. By the end of 2030, the INN price is projected to reach $0.005072, with a cumulative ROI of +199.19%.

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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 Innova 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 Innova 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 Innova 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.