The baht is the official currency of Thailand. It is divided into 100 satang. Prior to decimalisation, the baht was divided into eight feuang, each of eight att. The issuance of currency is the responsibility of the Bank of Thailand. SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of December 2023.
Baht banknotes and coins issued by the Bank of Thailand
Example of the spanish dollar which was marked with the Siamese government's emblem - marking that it is legal tender.
Series 9, Second Portrait
Series 10
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies.
Cowry shells being used as money by an Arab trader
The world's oldest coin, created in the ancient Kingdom of Lydia
Song dynasty Jiaozi, the world's earliest paper money
A list of exchange rates for various base currencies given by a money changer in Thailand, with the Thailand Baht as the counter (or quote) currency. Note the Korean currency code should be KRW.
