1. Thai Baht (THB) is the official currency of Thailand.
2. THB is divided into 100 satang, and the authority of its issuance lies completely with the Bank of Thailand.
3. Thai Baht banknotes are available in the following denomination ฿20, ฿50, ฿60, ฿70, ฿80, ฿100, ฿500, ฿1000.
4. Initially, Thai Baht was popularly known as "tical" by foreigners.
5. TBH was pegged to US Dollars from 1956 till 1997 at an exchange rate of 1 US Dollar = 25 Baht. But when Thailand was affected by the Asian Financial Crisis in the year 1997, the Baht was floated. As a result, it was halved its value, reaching the lowest rate of 56 to 1 dollar in 1998.
6. Since then, TBH has risen to around 30 per Dollar.
7. Thai Baht was one of the best-performing currencies in 2018. Also, it is one of the 10th most frequently used world payment currencies.
What is the interbank exchange rate for the Thai Baht ?
1 GBP = 43.518000 THB
Last update date : 11-10-2024 05:46:06
Last updated on 11-10-2024 05:46:06
The below table shows the exchange rate and inverse exchange rate