bht is Thai Baht.

The Thai Baht is the currency in Thailand (TH, THA).

Thai Baht Also known as Thai Baht.

The symbol for THB can be written Bht, Bt, and ?.

The Thai Baht is divided into 100 stangs.

Before 1897, one baht was equal to 8 fuang, and one fuang was equal to 8 att.

The current decimal system (that is, 1 baht equals 100 satan) was established by Rama V.

But before the 1940s, the name was tical, and later it was renamed baht (baht).

Originally, baht was a unit of weight, equivalent to 15 grams. Since one tical was equivalent to 15 grams of silver, the name baht was later simply used.

On November 27, 1902, the baht was no longer pegged to pure silver because the price of silver had depreciated significantly relative to currencies based on the gold standard.

On September 19 of that year, Thailand issued its first batch of banknotes with face values ??of 5, 10, 20, 100 and 1000tical.

In May 1946, the official exchange rate was set as: 9.95 baht equal to 1 US dollar and 40 baht equal to 1 pound.

In March 1947, 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 equal to 1 US dollar.

On September 18, 1949, the pound devalued, and on September 26, the Thai baht depreciated by 30.5%. The official price against the U.S. dollar depreciated to 12.50 baht equal to 1 U.S. dollar, and the free market exchange rate was 23.54 baht equal to 1 U.S. dollar.

In March 1955, the Thai baht devalued again.

In 1963, it was announced that the gold content of the Thai baht was 0.0427245 grams, the official exchange rate was 1 US dollar equal to 20.80 baht, and the floating exchange rate was stopped.

Since 1971, as the US dollar ceased to be freely convertible and depreciated, the Thai baht has also continued to depreciate.

After the US dollar devalued again on February 12, 1973, the Thai government announced on February 14, 1973 that it would still be pegged to the official exchange rate of the US dollar, which would depreciate by 10% with the US dollar.

On April 10, 1973, it was announced that the gold content of the Thai baht had dropped to 0.0354164 grams. On July 15, it was announced again that the gold content of the Thai baht had risen to 0.0368311 grams. The official exchange rate was changed to 1 US dollar equal to 20 baht.

On March 8, 1978, the government announced that the Thai baht would be decoupled from the U.S. dollar and instead linked to a basket of currencies. The Foreign Exchange Stabilization Foundation announced the buying and selling prices of the Thai baht against the U.S. dollar and imposed restrictions on the foreign exchange buying and selling prices of commercial banks.

On November 5, 1984, the Thai baht depreciated by 14.8%, and the official exchange rate was 27.15 baht per US dollar. After that, the Thai baht appreciated, and the price at the end of 1990 was 25.290 baht per US dollar.

From after World War II until 1980, the Thai baht was pegged to the U.S. dollar at an exchange rate of 20 baht per U.S. dollar.

Due to the continued strength of the United States, Thailand devalued the Thai baht to 25 baht in 1985 until the Asian financial crisis broke out on July 2, 1997.

In January 1998, the Thai baht switched to a floating exchange rate and immediately depreciated by half, falling to 56 baht against the US dollar.

It later rebounded to 40 baht per dollar.

From the end of 2006 to the beginning of 2007, driven by the rapid development of Thailand's export industry, the Thai currency experienced a "skyrocketing" process. The exchange rate against the US dollar changed from 39 to 34 (in April 2007). This made the tourism industry

Withstand fluctuations.