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.
References in periodicals archive ?
000 millones de bahts para 2005 y continua_ria al mismo ritmo hasta 6.
Speaking in this week's Pattaya Mail, an English newspaper in the region where the couple lived, Miss Cheiwcharn said that when Mr Henry first went missing, on October 4, she received a phone call from someone demanding a four million baht (pounds 65,000) ransom.
The origins of the Asian financial crisis are found in the crash of Thailand's baht in July, 1997.
They worry that a free market for capital threatens to destabilize the world's weaker economies--a hotly controversial issue since the Asian tigers collapsed in 1997, beginning with a rush to dump Thai bahts.
And once the crisis began, the Bank of Thailand pulled the bone-headed financial move of the decade in May 1997 by purchasing tens of billions of dollars worth of bahts in the forward market at basically the spot exchange rate.
Many of the banks' customers also borrowed in dollars to invest in property developments which yield revenues in bahts.
Wheat: In terms of things being priced in dollars, that's fine for the revenue side, but everything changes if your costs are in yen or Thai bahts or some other currency.
0 (1) Number of employees/year (2) $1000/year (Thai Bahts converted to American Dollars) (3) Years TABLE 3 PEARSON CORRELATIONS Hypothesis Variable EMPGRO REVGRO PROFGRO H1 NACH .
These reportedly include Ganesa, Brahma, Narayana, and Siva; priced at five Bahts each; and each numbering 700, 000.
800 millones de bahts ($43,7 millones) en la primera mitad del ano respecto al mismo periodo el ano pasado.
Pounds, dollars or Thai Bahts, the colour of the currency hasn't been an issue to Liverpool in their increasingly desperate attempt to keep the Stanley Park plan intact while ensuring Benitez has money to improve his squad.
One day we're told that Mr Sin is a hi- tech billionaire for whom the pounds 63m down payment is small change, the next that he hasn't two bahts to rub together and that his peasant nation is being required to fund the deal through a special lottery.