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 ?
Wadi was then told she must have sex with clients or pay 100,000 Thai baht (BD1,225) for a plane ticket, food and lodging, said the report.
If a minor currency (say the Thai baht again) were to come under attack, either the markets believe the government has enough credibility and commitment to fend off the speculators (which a fraction of the current reserve levels should be enough to demonstrate, if the market cares), or the markets view the currency as fundamentally unsustainable, in which case no realistic amount of reserves is large enough to fend off the attack.
Thai baht are also in wide use in the border areas near Thailand.
It is interesting to consider the market price, of RSS1 in Kuala Lumpur for instance, expressed respectively in Malaysian ringgit sen, Thai baht, Indonesian rupiah and U.
Clinton urged China to open its markets to avoid the same effects of the financial crisis that hit many Asian economies since the devaluation of the Thai baht July 2, 1997.
The AAPA said there had been a consistent decline in air traffic since the first devaluation of the Thai baht in July 1997.
Unlike Mrs Chidell's gold coins, the Thai baht does not have the King's head embossed on it.
Although the Korean won and Thai baht have recently appreciated, these currencies are still significantly undervalued.
A more challenging external environment will be compounded by the appreciation of the Thai baht due to Thailand's strong current account position and continued monetary normalisation by the central bank.
The wallet contained nearly P34,000 in Japanese yen, euro, Thai baht, Singapore and Hong Kong dollars and British pounds, a passport and credit cards.
The dollar rose against the yen Tuesday as strong housing data bolstered hopes for a US interest rate hike, while the Thai baht slumped to a fresh six-year low after a deadly Bangkok bombing.
The Thai digital TV voucher subsidy scheme worth Thai Baht 25 billion intended at facilitating low-income earners to purchase new set-top boxes needed for the new digital transmission system of the country has been withdrawn following a decision taken by the National Council for Peace & Order (NCPO) of Thailand.

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