Thai Baht
Top 7 facts about Thai Baht
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.
Thai Baht (THB)
Exchange Rate
What is the interbank exchange rate for the Thai Baht ?
1 GBP = 45.559100 THB
Last update date : 20-09-2021 20:34:39
What does Thai Baht look like
