The Thai Baht is the currency of Thailand; it is further subdivided into 100 satang. The Thai Baht is also known as Bahts and Onshore Baht. The symbol for Thai Baht (THB) can be written Bht, Bt, and à¸¿. The Thai Baht exchange rate specifies how much one currency of USD is currently worth in terms of THB. The Thai Baht exchange rates are updated on a regular basis by The International Monetary Fund. The Thai Baht conversion factor has 6 significant digits.
In 1942, the Bank of Thailand was founded and took over responsibility for the issuance of paper money. Occasionally older currency notes are still found in circulation, for example 10 baht notes, and these can usually be spent without problem. In any case, they can be exchanged for free in banks.
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The Currency Club Key Facts:
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