Baht

The baht is the official currency of Thailand. It is divided into 100 satang. The currency was officially adopted during the Sukhothai period and continuously issued since. Initially issued in the podduang form, King Rama IV decided to switch to flat coins in 1860. The baht was then decimalised in 1897, before which the baht was divided into 8 fueang, each into 8 at, and each into 100 bia. The issuance of currency is the responsibility of the Bank of Thailand. SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of December 2023.