This is the latest exchange rate for the Baht today which is the official currency of Thailand. The currency is the Thai Baht with symbol code: THB.
The THB exchange rate is affected by economic conditions within Thailand. Things such as interest rate changes, GDP and unemployment can affect the Baht currency. Economic policies in Thailand are set by the Bank of Thailand at regular meetings throughout the year.
|1 Baht =||0.03 USD|
|1 Baht =||0.03 EUR|
|1 Baht =||0.02 GBP|
|1 Baht =||3.70 JPY|
|1 Baht =||0.04 AUD||1 Baht =||0.05 NZD|
This table displays other common conversions of the Baht in US Dollars.
|100 Thai Baht||2.92|
|500 Thai Baht||14.58|
|1000 Thai Baht||29.17|
About The Baht
The baht is the official currency of Thailand, the issuance of which is controlled by the Bank of Thailand. The Thai baht has been in use since the Sukhothai period in the thirteenth century.
The original bahts were silver, bullet-shaped coins whose values corresponded with their weights. This system was overhauled in 1897, when the decimal system invented by Prince Jayanta Mongkol was introduced by his brother, King Chulalongkorn. Within this system, one baht was the equivalent of 100 satang.
In 1902, the Thai government began to increase the baht’s value at the same rate as the value of silver, without decreasing it in kind when the value of silver fell. As a result, the Thai baht’s value increased until 1908, when its value became affixed to the British pound sterling. Following this shift, the Thai baht exchange rate slowly decreased until the end of the second World War.
Beginning in 1956, the Thai baht’s value became linked to the American dollar. This caused the baht to increase in value until July 2, 1997, the date of the Asian financial crisis, which began in Thailand with the financial collapse of the baht. However, by 2001, the country had recovered financially, and today the Thai baht remains pegged to American currency at a rate of 30 per dollar.
As of 2014, the Thai baht is the tenth most used form of currency in the world. Today, the Thai baht comes in banknotes of 20, 50, 100, 500 and 1,000. Coins are available in 1, 5, 10, 25 and 50 satang, as well as 1, 2, 5 and 10 baht. However, the 1, 5 and 10 satang coins are very rare and have mostly fallen out of circulation.
Historical Baht Exchange Rate Chart