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Thai Baht to USD
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Buying rate
THB 0.027113
Selling rate
THB0.033138
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The Thai baht (symbol: ฿; code: THB) is the official currency of Thailand.
Currency Details
- Country code TH
- Symbol THB
- ISO Code THB
- Subunits 1 Baht = 100 Satang
Coins
- 25 satang
- 50 satang
- 1 baht
- 2 baht
- 5 baht
- 10 baht
Banknotes
- 20 baht
- 50 baht
- 100 baht
- 500 baht
- 1000 baht
The Thai Baht, abbreviated as THB and symbolized as "฿", is the official currency of Thailand. Divided into 100 satang, it stands as one of Asia's most stable currencies. The modern baht was decimalized in 1897 under King Chulalongkorn (Rama V), replacing a complex system based on silver bullet coins called "pod duang." Today, all Thai banknotes feature images of the revered monarchy.
History and Background
The baht's origins trace back to the 15th-century Ayutthaya Kingdom's silver trading system. Its name comes from a traditional unit of weight (about 15 grams). Modern banknotes showcase Thailand's kings: • ฿20: King Rama VIII • ฿100: King Rama IX (Bhumibol Adulyadej) • ฿1000: King Rama X The currency survived the 1997 Asian Financial Crisis when Thailand famously floated the baht, triggering regional economic changes.
The baht's origins trace back to the 15th-century Ayutthaya Kingdom's silver trading system. Its name comes from a traditional unit of weight (about 15 grams). Modern banknotes showcase Thailand's kings: • ฿20: King Rama VIII • ฿100: King Rama IX (Bhumibol Adulyadej) • ฿1000: King Rama X The currency survived the 1997 Asian Financial Crisis when Thailand famously floated the baht, triggering regional economic changes.
Economic Significance
Managed by the Bank of Thailand, the baht is: • Among the top 10 most traded Asian currencies • Strongly influenced by tourism (15-20% of GDP) • Affected by rice, automotive, and electronics exports • Considered a regional safe-haven currency Thailand's consistent current account surpluses have made the baht particularly resilient, though its strength sometimes worries export businesses.
Managed by the Bank of Thailand, the baht is: • Among the top 10 most traded Asian currencies • Strongly influenced by tourism (15-20% of GDP) • Affected by rice, automotive, and electronics exports • Considered a regional safe-haven currency Thailand's consistent current account surpluses have made the baht particularly resilient, though its strength sometimes worries export businesses.
Usage and Exchange
The baht is essential for all transactions - Thailand remains largely a cash society outside major cities. Key facts: • Best exchange rates are at Bangkok's SuperRich counters or bank branches • ฿20 bills (light blue) are sacred - never step on or disrespect them • Coins feature important temples (Wat Phra Kaew on ฿10 coin) • ATMs charge ฿220 fee for foreign cards - withdraw larger amounts • Counterfeit detection: Check the holographic stripe on polymer notes
Conclusion The Thai baht represents more than money - it embodies Thai culture's reverence for monarchy and history. From Bangkok's glittering malls to Chiang Mai's night markets, handling baht connects visitors to the Land of Smiles' unique traditions. As Southeast Asia's second-largest economy, Thailand's currency remains both a practical necessity and a symbol of national pride.
The baht is essential for all transactions - Thailand remains largely a cash society outside major cities. Key facts: • Best exchange rates are at Bangkok's SuperRich counters or bank branches • ฿20 bills (light blue) are sacred - never step on or disrespect them • Coins feature important temples (Wat Phra Kaew on ฿10 coin) • ATMs charge ฿220 fee for foreign cards - withdraw larger amounts • Counterfeit detection: Check the holographic stripe on polymer notes
Conclusion The Thai baht represents more than money - it embodies Thai culture's reverence for monarchy and history. From Bangkok's glittering malls to Chiang Mai's night markets, handling baht connects visitors to the Land of Smiles' unique traditions. As Southeast Asia's second-largest economy, Thailand's currency remains both a practical necessity and a symbol of national pride.