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.

BREAKING DOWN '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 Risk

    Currency risk is a form of risk that arises from the change in ...
  2. Stock Exchange of Thailand (SET) ...

    The securities trading center in Thailand. Along with its regulator, ...
  3. Asian Financial Crisis

    The Asian financial crisis was a series of currency devaluations ...
  4. SGD

    In currencies, this is the abbreviation for the Singapore Dollar.
  5. Contagion

    Contagion is the spread of market changes or disturbances from ...
  6. Pacific Rim

    The Pacific Rim refers to the geographic area surrounding the ...
Related Articles
  1. Investing

    On This Day In Finance: July 2 - Asian Financial Crisis

    in 1997, the Asian financial crisis gains traction as the Thai baht begins to float.
  2. Managing Wealth

    The Ins And Outs Of Corporate Eurobonds

    Corporate eurobonds simplify expansion for MNCs, though there are a few more hoops to jump through.
  3. Trading

    The Pros And Cons Of A Pegged Exchange Rate

    A pegged currency can give a country many advantages, but these advantages come at a price.
  4. Investing

    Why You Should Invest In This Vibrant Asian Nation

    Other than tourism and a recent military coup, what's there for investors to know about Thailand? Plenty.
  5. Retirement

    Retire in Thailand with $200,000 of Savings?

    How long would $200,000 in the bank last if you retired to Thailand? Pretty long, especially if you also get Social Security.
  6. Personal Finance

    How Americans Can Open a Bank Account In Thailand

    Have your paperwork in order and be sure to shop around.
  7. Retirement

    7 Reasons Why Americans Retire in Thailand

    Understand why many Americans are deciding to retire in developing countries such as Thailand. Learn about the top reasons why Americans retire in Thailand.
  8. Personal Finance

    How Safe Is Traveling in Thailand?

    Exercise the kinds of cautions that are necessary anywhere in the world. And then pay attention to these three particular situations.
  9. Investing

    Invest in Emerging Market Currencies with this ETF

    Why this emerging market currency ETF needs to be on your radar.
RELATED FAQS
  1. Why is the U.S. dollar shown on the top of some currency pairs and on the bottom ...

    All currencies are traded in pairs. The first currency in the pair is called the base currency while the second is called ... Read Answer >>
  2. How do you make money trading money?

    Trading money, particularly in the forex market, is a speculative risk, as you are betting that the value of a currency will ... Read Answer >>
  3. Is there a world currency? If so, what is it?

    There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has ... Read Answer >>
Hot Definitions
  1. Treasury Yield

    Treasury yield is the return on investment, expressed as a percentage, on the U.S. government's debt obligations.
  2. Return on Assets - ROA

    Return on assets (ROA) is an indicator of how profitable a company is relative to its total assets.
  3. Fibonacci Retracement

    A term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going ...
  4. Ethereum

    Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (ĐApps) to be built ...
  5. Cryptocurrency

    A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of ...
  6. Financial Industry Regulatory Authority - FINRA

    A regulatory body created after the merger of the National Association of Securities Dealers and the New York Stock Exchange's ...
Trading Center