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Drift to Thai Baht Converter and calculator

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Convert 1Drift (DRIFT) to Thai Baht (KGS) equals с 45.02 | Bitget
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Last updated as of 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 Drift(DRIFT) to Thai Baht(KGS). This is the real-time data. The current conversion shows 1 DRIFT at a value of 1 DRIFT for 45.02 KGS . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

KGS 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 Drift currency pair is the DRIFT to KGS, with for Drift's currency code being DRIFT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KGS.

DRIFT to KGS conversion rate trend

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In the past 1D, Drift has changed +0.32% to KGS. Based on the trend and price charts, Drift(DRIFT) has changed +0.32% to KGS while Thai Baht(KGS) has changed % to DRIFT in the last 24 hours.

DRIFT to KGS market statistics

DRIFT/KGS:
с 45.02
DRIFT 24h volume:
с 2,349,059,751.43
DRIFT market cap:
с 13,396,543,999.49
DRIFT circulating supply:
297.57M DRIFT

Current DRIFT to KGS exchange rate

Drift to Thai Baht is rising this week.
Drift's current market price is с 45.02 per DRIFT, with a total market cap of с 13,396,543,999.49 KGS based on a circulating supply of 297,566,100 DRIFT. The trading volume of Drift has changed by +1.28% (с 29,765,818.34 KGS) in the last 24 hours. Last trading day, DRIFT's trading volume was с 2,319,293,933.09.

DRIFT to KGS Conversion tables

The exchange rate of Drift is decreasing.
1 DRIFT is currently valued at с 45.02 KGS , which means buying 5 DRIFT will cost с 225.1 KGS . Similarly, с1 KGS can be traded for 0.02221 DRIFT, and с50 KGS can be converted to 1.11 DRIFT, excluding any platform or gas fees.
The exchange rate of 1 DRIFT to Thai Baht has changed by +11.39% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.32%, reaching a high of 45.05 KGS and a low of 42.55 KGS . One month ago, the value of 1 DRIFT was с 54.84 KGS , which represents a -17.90% change from its current value. Over the last year, Drift has changed by
+с
36.34KGS
, resulting in a change of +418.30% in its value.

DRIFT to KGS

Amount
19:41 today
0.5 DRIFT
с22.51
1 DRIFT
с45.02
5 DRIFT
с225.1
10 DRIFT
с450.2
50 DRIFT
с2,251.02
100 DRIFT
с4,502.04
500 DRIFT
с22,510.2
1000 DRIFT
с45,020.4

KGS to DRIFT

Amount19:41 today
0.5KGS0.01111  DRIFT
1KGS0.02221  DRIFT
5KGS0.1111  DRIFT
10KGS0.2221  DRIFT
50KGS1.11  DRIFT
100KGS2.22  DRIFT
500KGS11.11  DRIFT
1000KGS22.21  DRIFT
Buy DRIFT now

DRIFT to KGS Today vs. 24 hours ago

Amount19:41 today24 hours ago24h change
0.5 DRIFTс22.51с22.44
+0.32%
1 DRIFTс45.02с44.88
+0.32%
5 DRIFTс225.1с224.39
+0.32%
10 DRIFTс450.2с448.77
+0.32%
50 DRIFTс2,251.02с2,243.87
+0.32%
100 DRIFTс4,502.04с4,487.75
+0.32%
500 DRIFTс22,510.2с22,438.75
+0.32%
1000 DRIFTс45,020.4с44,877.49
+0.32%

DRIFT to KGS Today vs. 1 month ago

Amount19:41 today1 month ago1M change
0.5 DRIFTс22.51с27.42
-17.90%
1 DRIFTс45.02с54.84
-17.90%
5 DRIFTс225.1с274.2
-17.90%
10 DRIFTс450.2с548.41
-17.90%
50 DRIFTс2,251.02с2,742.04
-17.90%
100 DRIFTс4,502.04с5,484.09
-17.90%
500 DRIFTс22,510.2с27,420.43
-17.90%
1000 DRIFTс45,020.4с54,840.85
-17.90%

DRIFT to KGS Today vs. 1 year ago

Amount19:41 today1 year ago1Y change
0.5 DRIFTс22.51с4.34
+418.30%
1 DRIFTс45.02с8.68
+418.30%
5 DRIFTс225.1с43.4
+418.30%
10 DRIFTс450.2с86.79
+418.30%
50 DRIFTс2,251.02с433.97
+418.30%
100 DRIFTс4,502.04с867.94
+418.30%
500 DRIFTс22,510.2с4,339.68
+418.30%
1000 DRIFTс45,020.4с8,679.36
+418.30%

How to convert DRIFT to KGS

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Buy DRIFT (or USDT) for KGS (Kyrgystani Som) offers

Bitget P2P trading does not currently support direct buying of DRIFT with KGS. However, you can buy USDT in Bitget P2P trading first, and then buy DRIFT with USDT via Bitget spot market.
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Sell DRIFT (or USDT) for KGS (Kyrgystani Som) offers

Bitget P2P trading currently does not support direct selling of DRIFT to KGS. However, you can first exchange DRIFT 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 DRIFT to KGS?

There are many factors that affect the relationship between Drift and Kyrgystani Som, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of DRIFT/KGS. When there is positive news in the market about the widespread adoption of DRIFT or major technological breakthroughs, it tends to trigger market optimism and drive the rise of DRIFT/KGS. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in DRIFT/KGS.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of DRIFT/KGS. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Drift and adjust their investment strategies accordingly in the evolving market.

Drift Price Prediction

What will the price of DRIFT be in 2026?

Based on DRIFT's historical price performance prediction model, the price of DRIFT is projected to reach $0.6472 in 2026.

What will the price of DRIFT be in 2031?

In 2031, the DRIFT price is expected to change by +29.00%. By the end of 2031, the DRIFT price is projected to reach $1.15, with a cumulative ROI of +127.75%.

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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 Drift and KGS.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Drift and KGS. 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 Drift in KGS, 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.