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Thai Baht

Thai Baht Rates

For a live quote on the Thai Baht, simply fill in your details on the form above and an FSA-regulated currency expert will be in touch with a competitive quote.

 

Latest Thai Baht Rates

Please see our latest exchange rates page for the most up-to-date mid-market rate.


Recent Trading Range

In 2011, the Thai Baht traded between 46.13 and 49.92 against the Pound.


Latest Thai Baht Exchange Rate News

Please see our news section for the latest currency news affecting worldwide exchange rates. You can also visit our dedicated page on Thailand Money Transfers, including timescales and information needed to make your transfer.


Overview - THB

The Baht, like the British pound, originated from a traditional unit of mass. Its currency value was originally expressed as pieces of solid silver cast to various weights corresponding to a traditional system of units related by simple fractions and multiples, one of which is the baht. Until November 27, 1902, the baht was fixed on a purely silver basis. In 1902, the government began to increase the value of the baht by following all increases in the value of silver against gold but not reducing it when the silver price fell.

 

From 1956 until 1973, the Baht was pegged to the US dollar at a rate of 20.8 baht = one dollar and at 20 Baht = 1 dollar until 1978. A strengthening US economy caused Thailand to re-peg its currency at 25 to the dollar from 1984 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 has since risen to about 30 per dollar.

 

The Bank of Thailand adopted a series of exchange controls on December 19, 2006, which resulted in a significant divergence between offshore and onshore exchange rates, with spreads of up to 10% between the two markets. Controls were broadly lifted on March 3, 2008 and there is now no significant difference between offshore and onshore exchange rates.