PHP/THB (Bank of Thailand)

The official reference exchange rates of foreign currencies against the Thai baht are calculated and published by the Bank of Thailand (BOT) at the end of each business day. The values are based on the weighted average quotes from the interbank foreign exchange market recorded during the trading session. The established rates are used by state and commercial entities for asset valuation, accounting, customs duties, and tax calculations. The published data is indicative, serving as a market benchmark, and entails no obligation on the part of the regulator to buy or sell currency at the stated prices.