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Thai Baht

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Thai Baht
The currency of Thailand. In use since the late 1800s, the baht at different times has been pegged to silver, gold, and various other currencies. After World War II, it was pegged to the U.S. dollar. It began to float during the Asian Financial Crisis in 1997, decreasing in value significantly in a short period of time. It has since stabilized.


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Prices at Tongsai Bay, Koh Samui, start from 11,000 Thai Baht (pounds 213 by today's exchange rate) per room per night, based on two sharing a Beachfront Suite on a room-only basis, excluding service charge and VAT.
In the statement released late Friday, Thai Airways also blamed foreign exchange losses due to the weakening of the Thai baht.
CURRENCY The official currency is the Thai Baht which exchanges for 40.
 
 
 
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