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Lootex to Thai Baht Converter and calculator

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Convert 1Lootex (LOOT) to Thai Baht (IDR) equals Rp 74.86 | 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 Lootex(LOOT) to Thai Baht(IDR). This is the real-time data. The current conversion shows 1 LOOT at a value of 1 LOOT for 74.86 IDR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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

LOOT to IDR conversion rate trend

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In the past 1D, Lootex has changed -7.09% to IDR. Based on the trend and price charts, Lootex(LOOT) has changed -7.09% to IDR while Thai Baht(IDR) has changed % to LOOT in the last 24 hours.

LOOT to IDR market statistics

LOOT/IDR:
Rp 74.86
LOOT 24h volume:
Rp 1,243,332,001.91
LOOT market cap:
--
LOOT circulating supply:
0 LOOT

Current LOOT to IDR exchange rate

Lootex to Thai Baht is falling this week.
Lootex's current market price is Rp 74.86 per LOOT, with a total market cap of Rp 0 IDR based on a circulating supply of -- LOOT. The trading volume of Lootex has changed by -3.31% (Rp -42,541,850.53 IDR) in the last 24 hours. Last trading day, LOOT's trading volume was Rp 1,285,873,852.44.

LOOT to IDR Conversion tables

The exchange rate of Lootex is decreasing.
1 LOOT is currently valued at Rp 74.86 IDR , which means buying 5 LOOT will cost Rp 374.29 IDR . Similarly, Rp1 IDR can be traded for 0.01336 LOOT, and Rp50 IDR can be converted to 0.6679 LOOT, excluding any platform or gas fees.
The exchange rate of 1 LOOT to Thai Baht has changed by -57.45% in the last 7 days. In the last 24 hours, the rate has fluctuated by -7.09%, reaching a high of 80.75 IDR and a low of 72.87 IDR . One month ago, the value of 1 LOOT was Rp 202.73 IDR , which represents a -63.07% change from its current value. Over the last year, Lootex has changed by
-Rp
545.56IDR
, resulting in a change of -87.93% in its value.

LOOT to IDR

Amount
07:40 am today
0.5 LOOT
Rp37.43
1 LOOT
Rp74.86
5 LOOT
Rp374.29
10 LOOT
Rp748.57
50 LOOT
Rp3,742.87
100 LOOT
Rp7,485.74
500 LOOT
Rp37,428.7
1000 LOOT
Rp74,857.41

IDR to LOOT

Amount07:40 am today
0.5IDR0.006679  LOOT
1IDR0.01336  LOOT
5IDR0.06679  LOOT
10IDR0.1336  LOOT
50IDR0.6679  LOOT
100IDR1.34  LOOT
500IDR6.68  LOOT
1000IDR13.36  LOOT
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LOOT to IDR Today vs. 24 hours ago

Amount07:40 am today24 hours ago24h change
0.5 LOOTRp37.43Rp40.28
-7.09%
1 LOOTRp74.86Rp80.57
-7.09%
5 LOOTRp374.29Rp402.83
-7.09%
10 LOOTRp748.57Rp805.66
-7.09%
50 LOOTRp3,742.87Rp4,028.31
-7.09%
100 LOOTRp7,485.74Rp8,056.63
-7.09%
500 LOOTRp37,428.7Rp40,283.14
-7.09%
1000 LOOTRp74,857.41Rp80,566.28
-7.09%

LOOT to IDR Today vs. 1 month ago

Amount07:40 am today1 month ago1M change
0.5 LOOTRp37.43Rp101.36
-63.07%
1 LOOTRp74.86Rp202.73
-63.07%
5 LOOTRp374.29Rp1,013.64
-63.07%
10 LOOTRp748.57Rp2,027.27
-63.07%
50 LOOTRp3,742.87Rp10,136.37
-63.07%
100 LOOTRp7,485.74Rp20,272.75
-63.07%
500 LOOTRp37,428.7Rp101,363.75
-63.07%
1000 LOOTRp74,857.41Rp202,727.5
-63.07%

LOOT to IDR Today vs. 1 year ago

Amount07:40 am today1 year ago1Y change
0.5 LOOTRp37.43Rp310.21
-87.93%
1 LOOTRp74.86Rp620.42
-87.93%
5 LOOTRp374.29Rp3,102.1
-87.93%
10 LOOTRp748.57Rp6,204.19
-87.93%
50 LOOTRp3,742.87Rp31,020.97
-87.93%
100 LOOTRp7,485.74Rp62,041.95
-87.93%
500 LOOTRp37,428.7Rp310,209.73
-87.93%
1000 LOOTRp74,857.41Rp620,419.47
-87.93%

How to convert LOOT to IDR

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Buy LOOT (or USDT) for IDR (Indonesian Rupiah) offers

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

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

There are many factors that affect the relationship between Lootex and Indonesian Rupiah, 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 LOOT/IDR. When there is positive news in the market about the widespread adoption of LOOT or major technological breakthroughs, it tends to trigger market optimism and drive the rise of LOOT/IDR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in LOOT/IDR.
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 LOOT/IDR. 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 Lootex and adjust their investment strategies accordingly in the evolving market.

Lootex Price Prediction

What will the price of LOOT be in 2026?

Based on LOOT's historical price performance prediction model, the price of LOOT is projected to reach $0.005398 in 2026.

What will the price of LOOT be in 2031?

In 2031, the LOOT price is expected to change by +19.00%. By the end of 2031, the LOOT price is projected to reach $0.01395, with a cumulative ROI of +204.09%.

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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 Lootex and IDR.

How accurate is a cryptocurrency calculator?

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