THB 20 | Bank Note | Twenty Thai Bhat | Kae Kae | CurrencyStackerKK | Thailand | Asia
20 – Thailand Thai Bhat
The baht (/bɑːt/; Thai: บาท, pronounced [bàːt]; sign: ฿; code: THB) is the official currency of Thailand. It is divided into 100 satang (สตางค์, pronounced [sà.tāːŋ]). The issuance of currency is the responsibility of the Bank of Thailand.
According to Bloomberg, the Thai baht was the world’s best-performing currency in 2018. The SWIFT, as of January 2019, ranked the Thai baht as the 10th most frequently used world payment currency.
The Thai baht, like the pound, originated from a traditional unit of mass. Its currency value was originally expressed as that of silver of corresponding weight (now defined as 15 grams) and was in use probably as early as the Sukhothai period in the form of bullet coins known in Thai as phot duang.
These were pieces of the solid silver cast to various weights corresponding to a traditional system of units related by simple fractions and multiples, one of which is the baht.
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