The
Lanchang Kingdom that reigned over north-eastern Thailand between
the 15th and 19th Centuries BC introduced the first copper coin
denominations in the Country. This was succeeded by “bullet
money” as it was called because of its bullet like shape.
This form of currency was officially withdrawn in 1904. It was
during the reign of King Rama IV that the Baht came to being.
Denominations:
One Baht is equivalent to 100 Satang. There are coin denominations
for; 25 and 50 Satang and 1, 2, 5, 10 Baht. The ten Baht note
is being phased out and as such is very rare. Bank notes exist
for; 20, 50, 100, 500 and 1000.
Exchange rates against major currencies:
Major Banks display foreign exchange rates in local newspapers
and television for the Baht against key world currencies. Exchange
rates are dictated by the Bank of Thailand. Different banks and
exchange bureaus in the Country offer varying exchange rates.
At the time of writing, 1 American Dollar is equivalent to 38.12
Baht, 1 British Pound is equivalent to 66.36 Baht and 46.16 Euros.
