Thai banknotes and coins.

Aluminium satang coins.

The baht (บาท, symbol ฿, ISO 4217 code THB) is the official currency of Thailand. The issuance of currency is the responsibility of the Bank of Thailand. It is divided into 100 satang. As of January 1, 2005, there were 52.6667 Baht to the Euro, 38.9099 to the US dollar, and 74.6860 to the British pound. The value tends to hover around 40 to the US dollar. Download high resolution version (585x800, 176 KB)Photograph of Thai banknotes and coins. ... 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. ... Image File history File links Download high resolution version (1330x940, 398 KB)Thai aluminium Satang coins used only in bank. ... ISO 4217 is an international standard describing three letter codes 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. ... January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ... 2005 is a common year starting on Saturday of the Gregorian calendar and is the current year. ... The euro (€; ISO 4217 code EUR) is the currency of twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. ... The United States dollar, or American dollar, is the official currency of the United States. ... The pound sterling, which strictly speaking refers to basic currency unit of sterling, now the pound, is the currency of the United Kingdom (UK). ...

Coins in circulation ([1] - in Thai). 1¢ euro coin A coin is usually a piece of hard material, generally metal and usually in the shape of a disc, which is used as a form of money. ...

• 25 satang (brass)
• 50 satang (brass)
• 1 Baht (cupronickel)
• 2 Baht (plated steel) - will be introduced soon
• 5 Baht (cupronickel with copper rim)
• 10 Baht (bimetallic; brass center, cupronickel exterior

Also in bank circulation are 10 satang, 5 satang and 1 satang coins made from aluminium. Brass is an alloy of copper and zinc. ... Cupronickel is an alloy of copper, nickel and stengthening impurities, such as iron and manganese. ... // Steel is a metal alloy whose major component is iron, with carbon being the primary alloying material. ... General Name, Symbol, Number copper, Cu, 29 Chemical series transition metals Group, Period, Block 11, 4, d Appearance copper, metallic Atomic mass 63. ... Brass is an alloy of copper and zinc. ... General Name, Symbol, Number aluminium, Al, 13 Chemical series poor metals Group, Period, Block 13, 3, p Appearance silvery Atomic mass 26. ...

Banknotes in circulation [2] A £20 Ulster Bank banknote. ...

• 10 Baht - Orange (becoming rare)
• 20 Baht - Green
• 50 Baht - Blue (Polymer version being phased out)
• 100 Baht - Red (New bills as of 2005 have silver security strip)
• 500 Baht - Purple (With security strip)
• 1000 Baht - Grey/Brown (With security strip)

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 design also has arabic numerals. All coins have a portrait of King Bhumibol Adulyadej on one side. The king is also depicted on each of the banknotes. According to Thai Law, it is illegal for someone to step onto a Thai banknote, as their king's face is on it. Legal tender or forced tender is payment that cannot be refused in settlement of a debt by virtue of law. ... Thai numerals are traditionally used in Thailand, although the Western or Arabic numerals are more common. ... Arabic numerals (also called Hindu numerals or Indian numerals ) are the most common set of symbols used to represent numbers. ... Bhumibol Adulyadej, King Rama IX of Thailand His Majesty King Bhumibol Adulyadej the Great (ภูมิพลอดุลยเดช, actually pronounced Phumiphon Adunyadet), King Rama IX of Thailand, born December 5, 1927, has been King of Thailand since 1946. ...

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 gram is used for "raw" gold or bullions, in case of jewelery, one baht should be more than 15.16 grams)

History

The present decimal system, in which one baht = 100 satang (สตางค์), was introduced in 1897 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 15g, and was adopted because one tical was equivalent to 15g of silver. 1897 was a common year starting on Friday (see link for calendar). ... 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... // Events and trends The 1940s were dominated by World War II, the most destructive armed conflict in history. ... 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. ... 1902 was a common year starting on Wednesday (see link for calendar). ... The pound sterling, which strictly speaking refers to basic currency unit of sterling, now the pound, is the currency of the United Kingdom (UK). ... September 19 is the 262nd day of the year (263rd in leap years). ...

• Silver coins
  • Tical, 15.244 g
  • Salung (1/4 tical), 3.8 g
  • Fuang (1/8 tical), 1.9 g
• Copper coins
  • Song Phai (1/16 tical), 18.9 g
  • Phai (1/32 tical), 11.3 g
  • Att (1/64 tical), 5.6 g
  • Solot (1/128 tical), 2.8 g

One leftovers from the pre-decimalization system, the 25 satang (1/4 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 'lian salueng').

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. The pound sterling, which strictly speaking refers to basic currency unit of sterling, now the pound, is the currency of the United Kingdom (UK). ... // Events and Trends Technology 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. ... <- Jim Lorenzetti needs to put the fork down! ... World War I was primarily a European conflict with many facets: immense human sacrifice, stalemate trench warfare, and the use of new, devastating weapons - tanks, aircraft, machineguns, and poison gas. ... World War II was a truly global conflict with many facets: immense human suffering, fierce indoctrinations, and the use of new, extremely devastating weapons like the atom bomb World War II, also known as the Second World War, was by far the bloodiest, most expensive, and most significant war in...

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 2 July 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 is a leap year starting on Tuesday. ... The United States dollar is the official currency of the United States. ... 1985 is 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 is 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 of several Asian countries, many part of the East Asian Tigers. ... A floating exchange rate is a type of exchange rate regime wherein a currencys value is allowed to fluctuate according to the foreign exchange market. ...

References

• Cecil Carter eds., The Kingdom of Siam 1904, reprint by The Siam Society 1988, ISBN 9748298132 - Chapter X Currency and Banking

External links

• Current Series of Banknotes in Circulation
• Current Series of Coins in Circulation (in Thai)
• The Royal Thai Mint