At present, there are five denominations of banknotes in Thailand, namely, 20, 50, 100, 500 and 1000, and six denominations of coins, namely, 25, 50 sadang, 1 2, 5 and 10. 1 Thai baht equals 100 Sadang.
RMB to Thai baht is about 1 RMB: 5.0 Thai baht. It can be exchanged in China shops and markets in Thailand, and the exchange rates at other exchange points are even lower. There are many private exchange shops in the street, and the exchange rate of US dollar is around 1 US dollar: 33 baht.
There are not many banks in China that can exchange Thai baht. Generally, you can exchange Thai baht at Bank of China, Industrial and Commercial Bank of China and Agricultural Bank of China. Some city outlets need to make an appointment to exchange baht.
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History of Thai baht
Before 1897, 1 Thai baht was equal to 8 Fuang, and 1 Fuang was equal to 8att. The current decimal system (that is, 1 Thai baht equals 100 Sadan) was formulated by Rama V. However, before 1940s, it was called Tika, which was later renamed as Thai baht. It turns out that Thai baht is a unit of weight, equivalent to 15g. Because one teka is equivalent to 15 grams of silver, it is simply named baht.
1902165438+1October 27th, the Thai baht was no longer linked to pure silver, because the price of silver depreciated sharply against the gold standard currency. On September 19 of that year, Thailand issued the first batch of banknotes with face values of 5 10, 20, 100 and 1000 Tikal respectively.
1 946 The official exchange rate in May is set as follows: 9.95 baht equals 1 USD and 40 baht equals1GBP. 1947 In March, the Thai government recognized the free market exchange rate and adopted a differential exchange rate for import and export trade settlement, ranging from 9.95 to 23.60 baht to 1 USD.
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