Thai Bhat THB to PKR / Thai Currency THB Rate in Pakistan

Thai Bhat THB to PKR

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Thai Bhat THB to PKR

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The US abandonment of the gold standard and the system of fixed exchange rates led to sharp shocks in the world foreign exchange market in the 1970s and 80s. This adversely affected the economies of developing countries, which were forced to resort to increased state regulation of domestic foreign exchange markets. The stabilization of the national currency market in most developing countries was carried out in two directions: the creation of an informationally transparent market infrastructure, convenient for central banks to intervene in the course of trading in times of crisis, and the tightening of administrative control over foreign exchange transactions.

When solving the first task, the currency regulation authorities in a number of countries took the path of organizing specialized currency exchanges or institutions with similar functions. The exchange foreign exchange market in such countries remains one of the key segments of the foreign exchange market due to its transparency, information openness, and also due to the fact that exchange rates based on the results of trading on foreign exchange exchanges and the volume of transactions on the market serve as a guideline for transactions in the interbank and futures currency markets.