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.
Online prices for Le Vimarn Cottages & * Spa, Koh Samet, start from 7,500 Thai Baht (pounds 145 by today's exchange rate) per room per night, based on two sharing a Deluxe Cottage on a room-only basis, including service charge and applicable VAT.
''After the ADB's market-opening transactions in India and Malaysia last year, the Thai baht bond issue represents another milestone in the ADB's quest to develop regional bond markets,'' ADB Vice President Khempheng Pholsena said.
Since January 2003, when the dollar depreciated about 27 percent against the euro, most of the Asian currencies have been appreciating against the dollar as well, ranging from 6 percent by the Singapore dollar, to 10 percent by the Thai baht and 12 percent by the Korean won.
David Moores should admit defeat and accept the pounds 70million bid rather than look els where for the non-existent Thai Baht.
said Friday it will inject 7 billion Thai baht (18.5 billion yen) into its Thai truck manufacturing unit to enhance its Thai operations, including robust pickup truck sales.
For instance, the devaluation of the Thai baht in 1997 prompted just such a reversal.
Thai baht are also in wide use in the border areas near Thailand.
Comparing the currency in their pocket now against two years ago, travellers can still expect to get 26 per cent more South African rands for their pound, 21 per cent more New Zealand dollars and 9.7 per cent more Thai baht.
Therefore, the devaluations of the Thai baht, the Indonesian rupiah and the Malaysian ringgit had an immediate and direct mechanical effect on the prices expressed in these local currencies.
The forex gains far outweighed any adverse effects of the strengthening Thai baht on exports.
The AAPA said there had been a consistent decline in air traffic since the first devaluation of the Thai baht in July 1997.

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