THBThai BahtThai Baht (THB)
The Thai baht is Thailand's national currency and an important unit for Southeast Asian tourism, manufacturing and agricultural trade.
- ISO code
- THB
- Symbol
- ฿
- Region
- Asia Pacific
- Currency type
- Fiat currency
- Exchange system
- THB operates under a managed float. Market forces determine the baht's value, while the Bank of Thailand may act when exchange-rate movements become excessively volatile.
- Last reviewed
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Quick facts
THB at a glance
Currency profile
How THB works
The Thai baht is Thailand's national currency and an important unit for Southeast Asian tourism, manufacturing and agricultural trade.
The Bank of Thailand issues baht banknotes and operates monetary policy under an inflation-targeting and managed-float framework.
- THB is divided into 100 satang, although the smallest satang denominations have limited everyday use.
- Thailand has used a managed floating exchange-rate regime since the 1997 Asian financial crisis.
Context
Why this currency matters
THB reflects both Thailand's domestic payment economy and its place in Southeast Asian tourism and manufacturing networks. Its 1997 move away from a fixed system is central to interpreting modern baht history, while a provider reference rate remains separate from the Bank of Thailand's policy framework.
Monetary framework
Exchange arrangement
THB operates under a managed float. Market forces determine the baht's value, while the Bank of Thailand may act when exchange-rate movements become excessively volatile.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for THB
Modern decimal baht framework consolidated
Currency reforms established the baht as a decimal unit divided into 100 satang.
Bank of Thailand - monetary policy frameworkBank of Thailand established
The Bank of Thailand began operating as the country's central bank and banknote authority.
Bank of Thailand - monetary policy frameworkManaged float adopted
Thailand ended the former fixed exchange-rate system and adopted a managed float in July 1997.
Bank of Thailand - monetary policy framework
Usage and economy
How THB is used
- Cash and electronic payments throughout Thailand.
- Travel budgets and regional business comparisons with MYR, IDR, VND and SGD.
Country currency guides
Banknotes and coins
THB currency units
The Bank of Thailand publishes the current baht banknote series and security information.
Thailand's currency system includes baht and satang coins issued for circulation.
One Thai Baht unit is recorded with 2 decimal places and uses Satang as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
Currency topics
FAQ
THB questions
Why is THB important in Southeast Asia?
THB supports a major tourism market and regional manufacturing, food and automotive trade centered on Thailand.
Is the Thai baht fixed to the U.S. dollar?
No. Thailand has used a managed floating exchange-rate regime since July 1997.
What is a satang?
A satang is one hundredth of a baht, although very small satang denominations are uncommon in everyday cash use.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.