Pictures of coins in Thailand are from smallest to largest.

Thai baht (,symbol:? , ISO 42 17 code: THB) is the official currency of Thailand and is issued by the Bank of Thailand. One baht is equal to 100 Sadan (? Thai baht is also the gold unit of measurement in Thailand's jewelry industry. One Thai baht is equivalent to 15.244 grams.

At present, there are five denominations of banknotes in Thailand, namely, 20, 50, 100, 500 and 1000, and six denominations of coins, namely, 25, 50 sadang, 1 2, 5 and 10. 1 Thai baht equals 100 Sadang.

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Before 1897, 1 Thai baht was equal to 8 Fuang, and 1 Fuang was equal to 8att. The current decimal system (that is, 1 Thai baht equals 100 Sadan) was formulated by Rama V. However, before 1940s, it was called Tika, which was later renamed as Thai baht. It turns out that Thai baht is a unit of weight, equivalent to 15g. Because one teka is equivalent to 15 grams of silver, it is simply named baht.

1902165438+1October 27th, the Thai baht was no longer linked to pure silver, because the price of silver depreciated sharply against the gold standard currency. On September 19 of that year, Thailand issued the first batch of banknotes with face values of 5 10, 20, 100 and 1000 Tikal respectively.

1 946 The official exchange rate in May is set as follows: 9.95 baht equals 1 USD and 40 baht equals1GBP. 1947 In March, the Thai government recognized the free market exchange rate and adopted a differential exchange rate for import and export trade settlement, ranging from 9.95 to 23.60 baht to 1 USD.

On March 1955, the Thai baht depreciated again. 1963 announced that the gold content of Thai baht was 0.0427245g, and the official exchange rate 1 USD was equal to 20.80 baht, so the floating exchange rate was stopped. Since 197 1, the Thai baht has been depreciating since the dollar stopped being freely convertible and devalued.

In April 1973, it was announced that the gold content of Thai baht dropped to 0.0354 164g. On July 15, it was announced that the gold content of Thai baht rose to 0.03683 1 1g, and the official exchange rate was changed to 1 USD, which was equal to 20 baht.

On March 8, 1978, the government announced that the Thai baht was decoupled from the US dollar and linked to a basket of currencies. The Foreign Exchange Equalization Foundation announced the buying and selling prices of Thai baht against US dollars, and restricted the foreign exchange trading prices of commercial banks. 1 984165438+1October 5, the Thai baht depreciated 14.8%, and the official exchange rate1USD was 27. 15 baht, after which the Thai baht appreciated.

From World War II to 1980, the Thai baht was pegged to the US dollar, and the exchange rate was fixed at 20 baht 1 US dollar. Due to the continued strength of the United States, Thailand devalued the Thai baht to 25 baht on 1985 until the Asian financial crisis broke out on July 2, 1997.

From the end of 2006 to the beginning of 2007, driven by the rapid development of Thailand's export industry, the Thai currency experienced a period of "skyrocketing", and the exchange rate against the US dollar changed from 39 to 34 (April 2007), which made the tourism industry experience fluctuations.

Baidu encyclopedia-Thai baht