THB (Thai Baht)

AAA

DEFINITION of 'THB (Thai Baht)'

The currency abbreviation for the Thai baht (THB), the currency for Thailand. The Thai baht is made up of 100 satang and is often presented as β. 25 satang is often referred to as a "salung" based on the predecimalization days, when one-quarter of a baht was known as a salung.

INVESTOPEDIA EXPLAINS 'THB (Thai Baht)'

The Thai baht has always been the currency of Thailand, but prior to the 19th century, it was known as the tical.

Prior to 1897, the baht was subdivided into many different denominations, such as the bia (1/6400 baht), and the feuang (1/8 baht). In 1897, the present decimalization system was introduced and the old denominations were replaced by 1910.

RELATED TERMS
  1. Currency

    A generally accepted form of money, including coins and paper ...
  2. Forex - FX

    The market in which currencies are traded. The forex market is ...
  3. Quote Currency

    The second currency quoted in a currency pair in forex. In a ...
  4. Base Currency

    The first currency quoted in a currency pair on forex. It is ...
  5. Currency Pair

    The quotation and pricing structure of the currencies traded ...
  6. Forex Futures

    An exchange-traded contract to buy or sell a specified amount ...
Related Articles
  1. Broadening Your Portfolio's Borders
    Investing Basics

    Broadening Your Portfolio's Borders

  2. A Primer On The Forex Market
    Options & Futures

    A Primer On The Forex Market

  3. Forex: Finding Your Trading Style
    Forex Education

    Forex: Finding Your Trading Style

  4. Currency Exchange: Floating Rate Vs. ...
    Forex Education

    Currency Exchange: Floating Rate Vs. ...

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center