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Encyclopedia > Thai baht
Thai baht
บาทไทย (Thai)
Baht banknotes and coins Aluminium satang coins
Baht banknotes and coins Aluminium satang coins
ISO 4217 Code THB
User(s) Thailand
Inflation 4.5%
Source The World Factbook, 2005 est.
Subunit
1/100 satang
Symbol ฿
Coins 1, 5, 10, 25, 50 satang, 1, 2, 5, 10 baht
banknotes 20, 50, 100, 500, 1000 baht
Central bank Bank of Thailand
Website www.bot.or.th
mint The Royal Thai Mint
Website www.trd.mof.go.th
Tical redirects here. For the musical album by Method Man, see Tical (album).

The baht (Thai: บาท, symbol ฿, ISO 4217 code THB) is the official currency of Thailand. It is divided into 100 satang. The issuance of currency is the responsibility of the Bank of Thailand. Download high resolution version (585x800, 176 KB)Photograph of Thai banknotes and coins. ... Image File history File links Download high resolution version (1330x940, 398 KB)Thai aluminium Satang coins used only in bank. ... The Thailand one-satang coin is a unit of currency equaling one-hundredth of a Thai baht. ... The Thailand five-satang coin is a unit of currency equaling one-twentieth of a Thai baht. ... The Thailand ten-satang coin is a unit of currency equaling one-tenth of a Thai baht. ... The Thailand twenty-five-satang coin is a unit of currency equaling one-fourth of a Thai baht. ... The Thailand fifty-satang coin is a unit of currency equaling one-half of a Thai baht. ... the Thailand one-baht coin, commonly called rian baht (rian mean coin), is a unit of currency of a Thai baht. ... The Thailand two-baht coin is a unit of currency of Thai baht. ... the Thailand five-baht coin is a unit of currency of a Thai baht. ... The Thailand ten-baht coin is a unit of currency of a Thai baht. ... The Bank of Thailand (ธนาคารแห่งประเทศไทย) is the central bank of the Thailand. ... A mint is a facility which manufactures coins for currency. ... Method Man (born Clifford Smith, April 1, 1971 in Hempstead, New York) is an American rapper and member of the hip hop collective, Wu-Tang Clan. ... Tical is the highly acclaimed debut album by Wu-Tang Clan member and hip hop artist Method Man. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... The Bank of Thailand (ธนาคารแห่งประเทศไทย) is the central bank of the Thailand. ...


Baht is also a unit of gold measure and is used commonly in jewellers and goldsmith in Thailand, 1 baht = 15.244 grams. (15.244 gramme is used for "raw" gold or bullion; in the case of jewellery, one baht should be more than 15.16 grammes)

Contents

Monetary History

Until 1897, the baht was subdivided into 8 fuang, each of 8 att. The present decimal system, in which one baht = 100 satang (สตางค์), was introduced by king Chulalongkorn. However, until the 1940s it was named tical, then renamed to baht. Originally the term baht was a weight unit of about 15 g and was adopted because one tical was equivalent to 15 g of silver. His Majesty King Rama V of Siam, with his son, HRH Crown Prince Maha Vajirunnahis (portrait in National History Museum, Bangkok) King Chulalongkorn the Great or Rama V (royal name: Phra Chula Chomklao Chaoyuhua; Thai script: พระบาทสมเด็จพระจุลจอมเกล้าเจ้าอยู่หัว) (September 20, 1853 - October 23, 1910) was the fifth king of the Chakri dynasty... The 1940s decade ran from 1940 to 1949. ... General Name, Symbol, Number silver, Ag, 47 Chemical series transition metals Group, Period, Block 11, 5, d Appearance lustrous white metal Atomic mass 107. ...


Until November 27, 1902 the tical was fixed on a purely silver basis, but as the value of silver fell relative to gold-fixed currencies, the fixing was changed. From the lowest rate of 21.75 tical per pound sterling it could be soon raised to 17 tical per pound. In the same year, on September 19, the first banknotes were issued, with denomination of five, ten, twenty, one hundred and one thousand tical. Coins in 1902 were November 27 is the 331st day (332nd on leap years) of the year in the Gregorian Calendar. ... 1902 (MCMII) was a common year starting on Wednesday (see link for calendar). ... ISO 4217 Code GBP User(s) United Kingdom Inflation 2. ... September 19 is the 262nd day of the year (263rd in leap years). ...

  • Silver coins
    • Tical, 15.244 g
    • Salung (14 tical), 3.8 g
    • Fuang (18 tical), 1.9 g
  • Copper coins
    • Song Phai (116 tical), 18.9 g
    • Phai (132 tical), 11.3 g
    • Att (164 tical), 5.6 g
    • Solot (1128 tical), 2.8 g

One leftover from the pre-decimalization system: the 25 satang (14 baht) is still colloquially called 'salueng' or 'salung' (สลึง). It is occasionally used for not exceeding 10 salueng or 2.50 baht. A 25-satang coin is also sometimes called salueng coin (เหรียญสลึง, pronounced 'rian salueng').


Coins

Currently Circulating Coins [1] (Thai)
Image Value Diameter Weight Composition Obverse Reverse First Minted Year
1 Satang 1 satang 1 15 mm 0.5 g Aluminium H.M. King Bhumibol Adulyadej Haripunchai Temple 1987
5 Satang 5 satang 1 16 mm 0.6 g Phra Patom Temple 1987
10 Satang 10 satang 1 17.5 mm 0.8 g Phrathat Chungchum Temple 1987
25 Satang 25 satang 16 mm 1.9 g Aluminium bronze H.M. King Bhumibol Adulyadej Mahatat Temple 1987
50 Satang 50 satang 18 mm 2.4 g Doi Suthep Temple 1987
1 Baht 1 baht 20 mm 3.4 g Cupronickel H.M. King Bhumibol Adulyadej Phra Kaew Temple 1986
2 Baht 2 baht 21.75 mm 4.4 g Cupronickel clad steel Saket Temple 2005
5 Baht 5 baht 24 mm 7.5 g Cupronickel clad copper Benchamabophit Temple 1988
10 Baht 10 baht 26 mm 8.5 g Ring: Cupronickel
Center: Aluminium bronze
H.M. King Bhumibol Adulyadej Arun Temple 1988

Many commemorative 10 baht coins have been made for special events. Even though the satang-denominated coins are legal tender, small shops usually don't accept them anymore. Older coins which are still in circulation only had the Thai numerals, but the new designs also have Arabic numerals. Image File history File links 175-342. ... The Thailand one-satang coin is a unit of currency equaling one-hundredth of a Thai baht. ... General Name, Symbol, Number aluminium, Al, 13 Chemical series poor metals Group, Period, Block 13, 3, p Appearance silvery Atomic mass 26. ... Bhumibol Adulyadej (Thai: ; IPA: ; Royal Institute: Phumiphon Adunyadet;  ) (born December 5, 1927), officially styled the Great (Thai: มหาราช, Maharaja) and also known as Rama IX, is the current King of Thailand. ... Image File history File links 175-208. ... The Thailand five-satang coin is a unit of currency equaling one-twentieth of a Thai baht. ... Phra Pathom Chedi Phra Pathom Chedi (Thai พระปฐมเจดีย์) is the highest stupa of the world with a height of 127 m. ... Image File history File links 175-209. ... The Thailand ten-satang coin is a unit of currency equaling one-tenth of a Thai baht. ... Image File history File links 175-187. ... The Thailand twenty-five-satang coin is a unit of currency equaling one-fourth of a Thai baht. ... Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper. ... Bhumibol Adulyadej (Thai: ; IPA: ; Royal Institute: Phumiphon Adunyadet;  ) (born December 5, 1927), officially styled the Great (Thai: มหาราช, Maharaja) and also known as Rama IX, is the current King of Thailand. ... Nakhon Si Thammarat (Thai นครศรีธรรมราช) is a town in southern Thailand, capital of the Nakhon Si Thammarat province. ... Image File history File links 175-203. ... The Thailand fifty-satang coin is a unit of currency equaling one-half of a Thai baht. ... Chedi at Doi Suthep Wat Phrathat Doi Suthep (Thai: ดอยสเทพ ) is a Buddhist temple in Chiang Mai province, Thailand. ... Image File history File links 175-183. ... the Thailand one-baht coin, commonly called rian baht (rian mean coin), is a unit of currency of a Thai baht. ... Cupronickel is an alloy of copper, nickel and strengthening impurities, such as iron and manganese. ... Bhumibol Adulyadej (Thai: ; IPA: ; Royal Institute: Phumiphon Adunyadet;  ) (born December 5, 1927), officially styled the Great (Thai: มหาราช, Maharaja) and also known as Rama IX, is the current King of Thailand. ... Western side of Wat Phra Kaew, viewed from within the grounds of the Grand Palace The Wat Phra Kaew (English Temple of the Emerald Buddha, Thai: ; full official name Wat Phra Sri Rattana Satsadaram, Thai: ) is regarded as the most important Buddhist temple in Thailand. ... Image File history File links 175-176. ... The Thailand two-baht coin is a unit of currency of Thai baht. ... Cupronickel is an alloy of copper, nickel and strengthening impurities, such as iron and manganese. ... The old Steel cable of a colliery winding tower Steel is a metal alloy whose major component is iron, with carbon content between 0. ... Golden mount Wat Saket Ratcha Wora Maha Wihan (Thai: , usually short Wat Saket) is a Buddhist temple (Wat) in Pom Prap Sattru Phai district, Bangkok, Thailand. ... Image File history File links 175-219. ... the Thailand five-baht coin is a unit of currency of a Thai baht. ... Cupronickel is an alloy of copper, nickel and strengthening impurities, such as iron and manganese. ... General Name, Symbol, Number copper, Cu, 29 Chemical series transition metals Group, Period, Block 11, 4, d Appearance metallic pinkish red Atomic mass 63. ... The Ordination Hall (Ubosot) Wat Benchamabophit Dusitvanaram (Thai วัดเบญจมบพิตรดุสิตวนารามราชวรวิหาร) is a buddhist temple in the Dusit district of Bangkok, Thailand. ... Image File history File links 175-227. ... The Thailand ten-baht coin is a unit of currency of a Thai baht. ... Cupronickel is an alloy of copper, nickel and strengthening impurities, such as iron and manganese. ... Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper. ... Bhumibol Adulyadej (Thai: ; IPA: ; Royal Institute: Phumiphon Adunyadet;  ) (born December 5, 1927), officially styled the Great (Thai: มหาราช, Maharaja) and also known as Rama IX, is the current King of Thailand. ... Wat Arun at Chao Phraya River Wat Arun (Thai: , Temple of the Dawn) is a buddhist temple (wat) in Bangkok, Thailand. ... Legal tender or forced tender is payment that cannot be refused in settlement of a debt denominated in the same currency by virtue of law. ... Thai numerals are traditionally used in Thailand, although the Hindu-Arabic numerals (also known as Western numerals) are more common. ... Numerals sans-serif Arabic numerals, known formally as Hindu-Arabic numerals, and also known as Indian numerals, Hindu numerals, Western Arabic numerals, European numerals, or Western numerals, are the most common symbolic representation of numbers around the world. ...


Note

  1. In bank circulation only

Banknotes

Currently Circulating Banknotes [2]
Image Value Dimensions Color Obverse Reverse Issued Date
20 baht 20 baht 20 baht 138 × 72 mm Green H.M. King Bhumibol Adulyadej H.M. King Ananda Mahidol (Rama VIII) 3 March 2003
50 baht 50 baht 50 baht 144 × 72 mm Blue H.M. King Mongkut (Rama IV) 1 October 2004
100 baht 100 baht 100 baht 150 × 72 mm Red H.M. King Chulalongkorn (Rama V) 21 October 2005
500 baht 500 baht 500 baht 156 × 72 mm Purple H.M. King Nangklao (Rama III) 1 August 2001
1000 baht 1000 baht 1000 baht 162 × 72 mm Gray H.M. King Bhumibol Adulyadej 25 November 2005
These images are to scale at 0.7 pixels per millimeter, a standard for world banknotes.

Image File history File links 20bahtfr. ... Image File history File links 20bahtbk. ... Bhumibol Adulyadej (Thai: ; IPA: ; Royal Institute: Phumiphon Adunyadet;  ) (born December 5, 1927), officially styled the Great (Thai: มหาราช, Maharaja) and also known as Rama IX, is the current King of Thailand. ... King Ananda Mahidol or Rama VIII (long royal name: Phrabat Somdej Phra Paramenthara Maha Ananda Mahidol Phra Athama Ramathibodinthra พระบาทสมเด็จพระปรเมนทรมหาอานันทมหิดล พระอัฐมรามาธิบดินทร (roughly HM King Ananda Mahidol, the Eighth Ruler) (September 20, 1925 - June 9, 1946) was the eighth king of the Chakri dynasty of Thailand. ... March 3 is the 62nd day of the year in the Gregorian Calendar (63rd in leap years). ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Image File history File linksMetadata 50bahtfr. ... Image File history File linksMetadata 50bahtbk. ... King Mongkut (Rama IV), (October 18, 1804 – October 18, 1868) was king of Thailand from 1851 to 1868. ... October 1 is the 274th day of the year (275th in leap years) in the Gregorian calendar. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Image File history File linksMetadata 100bahtfr. ... Image File history File linksMetadata 100bahtbk. ... His Majesty King Rama V of Siam, with his son, HRH Crown Prince Maha Vajirunnahis (portrait in National History Museum, Bangkok) King Chulalongkorn the Great or Rama V (royal name: Phra Chula Chomklao Chaoyuhua; Thai script: พระบาทสมเด็จพระจุลจอมเกล้าเจ้าอยู่หัว) (September 20, 1853 - October 23, 1910) was the fifth king of the Chakri dynasty... October 21 is the 294th day of the year (295th in leap years) in the Gregorian Calendar, with 71 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Image File history File links 500bahtfr. ... Image File history File links 500bahtbk. ... Rama III statue in Bangkok Nangklao (Rama III) or King Jessadabodindra (full royal name Prabath Somdej Pra Paramadhiwarasetha Maha Jessadabodindra Siammintarawirodom Borommadhammikkarajadhirat Boromanathbopitra Phra Nangklao Chaoyuhua or พระบาทสมเด็จพระปรมาธิวรเสรฐ มหาเจษฎาบดินทร์ สยามินทรวิโรดม บรมธรรมิกมหาราชาธิราช บรมนารถบพิตร พระนั่งเกล้าเจ้าอยู่หัว in Thai) (March 31, 1788 - April 2, 1851) third of the Chakri dynasty, was king of Thailand from 1824 to 1851. ... August 1 is the 213th day of the year in the Gregorian Calendar (214th in leap years), with 152 days remaining. ... This article is about the year 2001. ... Image File history File links 1000bahtfr. ... Image File history File linksMetadata 1000bahtbk. ... November 25 is the 329th (in leap years the 330th) day of the year in the Gregorian calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...

Historical exchange rates

Before 1880 the exchange rate was fixed at eight Baht per Pound sterling, falling to ten to the Pound during the 1880s. A falling silver price further depressed rates, reaching almost twenty-two per Pound in 1902, but after switching to the gold standard, rates stabilised at thirteen Baht to the Pound. After World War I, which hurt other countries much more than Thailand, the rate rose to eleven Baht per Pound where it remained until the onset of World War II. ISO 4217 Code GBP User(s) United Kingdom Inflation 2. ... // Development and commercial production of electric lighting Development and commercial production of gasoline-powered automobile by Karl Benz, Gottlieb Daimler and Maybach First commercial production and sales of phonographs and phonograph recordings. ... ... Combatants Allied Powers: British Empire France Italy Russia United States Central Powers: Austria-Hungary Bulgaria Germany Ottoman Empire Commanders Ferdinand Foch Georges Clemenceau Joseph Joffre Victor Emmanuel III Luigi Cadorna Armando Diaz Nicholas II Aleksei Brusilov Herbert Henry Asquith Douglas Haig John Jellicoe Woodrow Wilson John Pershing Wilhelm II Paul... Combatants Major Allied powers: United Kingdom Soviet Union United States Republic of China and others Major Axis powers: Nazi Germany Italy Japan and others Commanders Winston Churchill Joseph Stalin Franklin Roosevelt Harry Truman Chiang Kai-Shek Adolf Hitler Benito Mussolini Hideki Tojo Casualties Military dead: 17,000,000 Civilian dead...


From the end of World War II until 1980 the Baht was pegged to the US Dollar at an exchange rate of twenty Baht to one Dollar. A strengthening US economy caused Thailand to re-peg its currency at 25 to the Dollar from 1985 until July 2, 1997, when the country was stung by the Asian financial crisis. The Baht was floated and halved in value, reaching its lowest rate of 56 to the Dollar in January 1998. It stabilized again at a rate of about 40 per Dollar, where it has since remained. 1980 (MCMLXXX) was a leap year starting on Tuesday. ... The United States dollar is the official currency of the United States. ... 1985 (MCMLXXXV) was a common year starting on Tuesday of the Gregorian calendar. ... July 2 is the 183rd day of the year (184th in leap years) in the Gregorian Calendar, with 182 days remaining. ... 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ... The Asian financial crisis was a financial crisis that started in July 1997 in Thailand and affected currencies, stock markets, and other asset prices in several Asian countries, many considered East Asian Tigers. ... A floating exchange rate or a flexible exchange rate is a type of exchange rate regime wherein a currencys value is allowed to fluctuate according to the foreign exchange market. ...

Current THB exchange rates
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Trivia

  • The 10 baht coin is very similar to the two–euro coin in size, shape and weight and likewise consists of two different alloys. Vending machines that are not equipped with an up-to-date coin-checking system might therefore accept them as €2 coins.
  • It is considered rude to put baht banknotes in a wallet that sits in the back pocket, as this allows someone to sit on the image of the King, which is considered highly disrespectful. Similarly, stepping on a baht banknote (or coin) is considered disrespectful.
  • Some shops in Thailand, especially in rural areas, display low-denomination banknotes in front of the shop, both as a charm for wealth and out of respect for the King.
  • In addition to the Bank Notes currently in circulation (above) numerous commemorative notes have been issued:
60 Baht - 1987 - H.M. Bhumibol Adulyadej's 60th birthday
50 Baht - 1996 - H.M. Bhumibol Adulyadej's 50th Anniversary of Accession to the Throne
500 Baht - 1996 - H.M. Bhumibol Adulyadej's 50th Anniversary of Accession to the Throne
50 Baht - 2000 - Wedding Anniversary Commemorative
100 Baht - 2002 - 100th anniversary of Thai Currency
100 Baht - 2004 - H.M. The Queen's 72nd Birthday
60 Baht - 2006 - H.M. Bhumibol Adulyadej's Sixtieth Anniversary of Accession to the Throne

To meet Wikipedias quality standards, this article may require cleanup. ...

See also

The economy of Thailand is export-dependent, with exports accounting for 60% of GDP. The exchange rate has reached 37. ... The Stock Exchange of Thailand (SET) is the national stock exchange of Thailand. ...

References

  • Cecil Carter eds., The Kingdom of Siam 1904, reprint by The Siam Society 1988, ISBN 974-8298-13-2, Chapter × Currency and Banking

External links

  • (Thai) Current Series of Coins in Circulation
  • (English) Ron Wise's - World Paper Money Page

  Results from FactBites:
 
MGMT-7210 (1916 words)
Identify the main factors that led to the collapse of the Thai baht in 1997.
Thai exports, which recorded a hefty growth of 24% in 1995, flattened to an almost negligible percentage a year before the baht's collapse.
Had the Thai government recognized that a strong, well-regulated financial sector was a key element in a sustainable policy framework, they could have preempted some of the financial crisis that ensued in 1997.
Baht&Sold Thailand // View topic - Thai Baht hits highest point in seven years (1357 words)
The baht, which is trading at a seven-year high, opened yesterday at 37.01 to the dollar and strengthened to as much as 36.98 before closing at 36.99.
According to the central bank, the baht had a reference rate of 37.01 baht to the dollar on Thursday, representing an increase of 1.38% from the end of September and 10.83% from the end of 2005.
In contrast, the baht has gained 1.89% against the euro over the past month and 4.37% from the end of 2005, while the baht is up 2.2% against the Japanese yen over the past month and 11.4% for the year to date.
  More results at FactBites »

 
 

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