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GBP to THB Exchange Rate

Currency Exchange Rates for Thailand Baht. Currency Information on Thailand Baht - THB – Thailand baht – ฿. The foreign exchange currency code for THB represents the Thailand Baht exchange rate

Originally in Thailand, between 1238 and 1251, pieces of solid silver were cast to certain weights to be used as a system for trading; these were called ‘Phot duang’, one of the coins made during this era was named the ‘baht’, and is the origin for the name of the current currency.

The baht was decimalised in 1897, meaning that 1 baht = 100 satang.

Currency Information on THB. Coins in circulation include denominations of 25and 50 satang, and 1, 2, 5 and 10 baht, and banknotes in circulation are in denominations of 20, 50, 100, 500 and 1,000 baht. Coins in denominations of 1, 5, and 10 satang are not regularly used.

Brief History 

According to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) the Thai Baht is the 10th most usable currency in the world. Making it a very powerful currency.

The Thai Baht like the brutish pound originates from the unit of mass. While the system of using bills are quite recent, the first being used in the beginning of the 18th century, the use of coins dates back about a century before the use of the bills. 

The use of coins was first considered to be used by Rama III. He had learned of the flat copper coins that were used in Singapore. And decried to make use of this new form of economy.

The Thai Currency 

The Thai currency comes in five notes which are 20, 50, 100, 500, 1000. The currency note is issued by the Bank of Thailand. The Coins comes in four coins which are 1, 2, 5, 10. The coin is issued by the Royal Thai Mint. 

The currency is used in Thailand but is also used as a major source of income in Laos, Cambodia, Malaysia, and Myanmar. An interesting notes about the currency is that they come in different colours and in different sizes. 

The different sizes that the back bank notes come in have been designed for to help distinguish between the value of the currency. This is especially useful for those who are blind or visually impaired. 

An Interesting Fact about the Thai Currency

An Interesting Fact about the Thai Currency

The Thai currency symbolizes not only the King but also represents the Thai culture. Because of its high regard in the society, it is considered a crime to step on the Thai Baht, especially if you walk on the Kings face. This is considered a defacement of not only the value but also a great insult to the king. 

Convert Pound to Thailand Baht

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