Thai baht

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Thai baht
บาทไทย (Thai)
Baht banknotes and coins issued by the Bank of Thailand
ISO 4217
CodeTHB (numeric: 764)
Subunit0.01
Unit
PluralThe language(s) of this currency do(es) not have a morphological plural distinction.
Symbol฿
Denominations
Subunit
1100satang
Banknotes
 Freq. used฿20, ฿50, ฿100, ฿500, ฿1000
Coins
 Freq. used25, 50 satang, ฿1, ฿2, ฿5, ฿10
 Rarely used1, 5, 10 satang
Demographics
Official user(s) Thailand
Unofficial user(s)
  • Cambodia
  • Laos
  • Myanmar
  • Vietnam
Issuance
Central bankBank of Thailand
 Websitewww.bot.or.th
PrinterNote Printing Works of the Bank of Thailand
MintRoyal Thai Mint
 Websitewww.royalthaimint.net
Valuation
Inflation1.0%
 SourceInflation (annual %), World Bank, 2011–2015

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. SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of January 2019.[1]

History[edit]

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.[2] These were pieces of 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. These are listed in the following table:[3][4]

Unit (RTGS) Thai spelling Relative value Value relative to baht Notes
Bia เบี้ย 1100 at 16400 Bia is Thai for cowry, the shell of which was used as a trade medium of the same value.
Solot โสฬส 116 fueang 1128 Solot here literally means sixteen or sixteenth, referring to the fractional amount relative to a fueang.
At อัฐ 18 fueang 164 Likewise, at literally means eight.
Siao/Phai เสี้ยว/ไพ 14 fueang 132 Siao means quarter.
Sik ซีก 12 fueang 116 Sik means half.
Fueang เฟื้อง 18 baht 18 The smallest silver bullet coins available in the market.
Salueng สลึง 14 baht (0.25 baht, 25 satang) 14 Thai version of the mace. It is also the equivalent of the cambodian salong, and burmese pya.
Song salueng สองสลึง 12 baht (0.50 baht, 50 satang) 12
Baht บาท 1 It is also the equivalent of the cambodian baat, and burmese kyat. It's alternative name is the tical.
Tamlueng ตำลึง 4 baht 4 Thai version of the tael.
Chang ชั่ง 20 tamlueng 80 Thai version of the catty.
Hab หาบ 80 chang 6400
Siamese Pre-Decimal Tical System

That system was in use up until 1897, when the decimal system devised by Prince Jayanta Mongkol, in which one baht = 100 satang, was introduced by his half-brother King Chulalongkorn along with the demonetization of silver bullet coins on 28 October 1904 after the end of silver bullet coin production by the opening of Sitthikarn Royal Mint in 1857.[5] However, coins denominated in the old units were issued until 1910, and the amount of 25 satang is still commonly referred to as a salueng, as is the 25-satang coin.

Until 27 November 1902, the baht was fixed on a purely silver basis, with 15 grams of silver to the baht. This caused the value of the currency to vary relative to currencies on a gold standard. From 1856 to 1864, the values of certain foreign silver coins were fixed by law, with 5 baht = 3 Spanish dollar = 7 Indian rupees.[6] Before 1880 the exchange rate was fixed at 8 baht per pound sterling, falling to 10 to the pound during the 1880s.

In 1902, the government began to increase the value of the baht by following all increases in the value of silver against gold but not reducing it when the silver price fell. Beginning at 21.75 baht per pound sterling, the currency rose in value until, in 1908, a fixed peg to the British pound sterling was established of 13 baht per pound. This was revised to 12 baht in 1919 and then, after a period of instability, to 11 baht in 1923. During World War II, the baht was fixed at a value of one Japanese yen on 22 April 1942.[7][8]

From 1956 until 1973, the baht was pegged to the US dollar at an exchange rate of 20.8 baht = one dollar and at 20 baht = 1 dollar until 1978.[9] [10] A strengthening US economy caused Thailand to re-peg its currency at 25 to the dollar from 1984 until 2 July 1997, when the country was affected by the 1997 Asian financial crisis. The baht was floated and halved in value, reaching its lowest rate of 56 to the dollar in January 1998. It rose to 30 per dollar in January 2021.

The baht was originally known to foreigners by the term tical,[11] which was used in English language text on banknotes until the series 2 1925.[12][13]

Coins[edit]

Podduang Coinage[edit]

Cowrie shells from the Mekong River had been used as currency for small amounts since the Sukhothai period. Before 1860, Thailand did not produce coins using modern methods. Instead, a so-called "bullet" coinage was used, consisting of bars of metal, thicker in the middle, bent round to form a complete circle on which identifying marks were stamped.[14][15] Denominations issued included 1128, 164, 132, 116, 18, 12, 1, 1+12, 2, 2+12, 4, 4+12, 8, 10, 20, 40 and 80 baht in silver and 132, 116, 18, 12, 1, 1+12, 2 and 4 baht in gold. One gold baht was generally worth 16 silver baht. Between 1858 and 1860, foreign trade coins were also stamped by the government for use in Thailand.

Podduang of the Thai Tical (Rama III & Rama IV)[16]
Image Value Width

(mm)

Weight

(g)

Composition Inscription, Discription Date of Issue
Name Secondary Name Silver Baht Value Gold Baht Value
Bia

เบี้ย

16400 1102400 25 1.58 Calcium Carbonate None 1238-1869
Half Pai

กึ่งไพ

Att

อัฐ

164 11024 2 0.25 Silver State Ensign of Rattanakosin 1824-1851
Pai

ไพ

132 1512 4 0.5 Silver State Ensign of Rattanakosin,

Castle

1824-1856
2 Pai

สองไพ

Half Feuang

กึ่งเฟื้อง

116 1256 6 1 Silver State Ensign of Rattanakosin,

Castle

1824-1856
Feuang

เฟื้อง

18 1128 6.5 1.98 Silver State Ensign of Rattanakosin,

Castle

1824-1856
Saleung

สลึง

14 164 9 3.7 Silver State Ensign of Rattanakosin,

Castle

1824-1856
2 Saleung

สองสลึง

Half Baht

กึ่งบาท

12 132 11 7.6 Silver State Ensign of Rattanakosin,

Castle

1824-1856
Baht

บาท

1 116 14.5 15.14 Silver State Ensign of Rattanakosin,

Castle

1824-1856
Gold Half Feuang

กึ่งเฟื้องทอง

Gold 2 Pai

สองไพทอง

1 116 5 1 Gold State Ensign of Rattanakosin 1851-1856
2 Baht

สองบาท

Half Tamleung

กึ่งตำลึง

2 18 17.5 30.30 Silver State Ensign of Rattanakosin,

Castle

1824-1856
Gold Feuang

เฟื้องทอง

2 18 6 1.5 Gold State Ensign of Rattanakosin 1851-1856
4 Baht

สี่บาท

Tamleung

ตำลึง

4 14 23.5 60.50 Silver State Ensign of Rattanakosin,

Castle

1824-1856
Gold Saleung

สลึงทอง

4 14 8 3.7 Gold State Ensign of Rattanakosin,

Phra Maha Mongkut Seal

1851-1856
Gold Half Baht

กึ่งบาททอง

Gold 2 Saleung

สองสลึงทอง

8 12 9.5 7.56 Gold State Ensign of Rattanakosin,

Phra Maha Mongkut Seal

1851-1856
Gold Baht

บาททอง

16 1 12 15.14 Gold State Ensign of Rattanakosin,

Phra Maha Mongkut Seal

1851-1856
Gold Half Tamleung

กึ่งตำลึงทอง

Gold 2 Baht

สองบาททอง

32 2 16 30.01 Gold State Ensign of Rattanakosin,

Phra Maha Mongkut Seal

1851-1856
40 Baht

สี่สิบบาท

Half Chang

กึ่งชั่ง

40 2.5 48 606.5 Silver State Ensign of Rattanakosin,

Phra Maha Mongkut Seal

1880
80 Baht

แปดสิบบาท

Chang

ชั่ง

80 5 59 1216 Silver State Ensign of Rattanakosin,

Phra Maha Mongkut Seal

1859

Pre-Decimal Coinage[edit]

Rama III (1824–1851) was the first king to consider the use of a flat coin. He did so not for the convenience of traders, but because he was disturbed that the creatures living in the cowrie shells were killed. When he learned of the use of flat copper coins in Singapore in 1835, he contacted a Scottish trader, who had two types of experimental coins struck in England. The king rejected both designs. The name of the country put on these first coins was Muang Thai, not Siam.[17][18]

In 1860, modern style coins were introduced. These were silver 1 sik, 1 fuang, 1 and 2 salung, 1, 2 and 4 baht, with the baht weighing 15.244 grams and the others weight-related. Tin 1 solot and 1 att followed in 1862, with gold 2+12, 4 and 8 baht introduced in 1863 and copper 2 and 4 att in 1865. Copper replaced tin in the 1 solot and 1 att in 1874, with copper 4 att introduced in 1876. The last gold coins were struck in 1895.

Coins of the Thai Tical (Rama IV & Rama V)[16]
Image Value Dimensions

(mm)

Weight

(g)

Composition Inscription, Discription Date of Issue
Obverse Reverse Name Coinage Value Obverse Reverse
Solot

โสฬส

1/16 Feuang,

1/128 Baht

20 × 1 2.67 Copper Kingdom of Siam,

The Crowned Monogram of Rama V, Rama V

Solot,

16 Parts Feuang,

1236 J.S.

1875-1909
Att

อัฐ

1/8 Feuang,

1/64 Baht

25 × 1 5.58 Copper Kingdom of Siam,

The Crowned Monogram of Rama V, Rama V

Att,

8 Parts Feuang,

1236 J.S.

1875-1909
Siao

เสี้ยว

1/4 Feuang,

1/32 Baht

30.5 × 2 11.14 Copper Kingdom of Siam,

The Crowned Monogram of Rama V, Rama V

Siao,

4 Parts Feuang,

1236 J.S.

1875-1909
Sik

ซีก

1/2 Feuang,

1/16 Baht

38.5 × 2.5 22.57 Copper Kingdom of Siam,

The Crowned Monogram of Rama V, Rama V

Sik,

2 Parts Feuang,

1236 J.S.

1875-1909
Feuang

เฟื้อง

1 Feuang,

1/8 Baht

15 × 1 1.84 Silver Phra Maha Mongkut Seal with No Star State Ensign of Siam with No Star 1860-1909
Saleung

สลึง

1/16 Tamleung,

1/4 Baht

22 × 1 3.7 Silver Phra Maha Mongkut Seal with 2 Star State Ensign of Siam with 2 Star 1860-1909
Half Baht

ครึ่งสลึง

1/8 Tamleung,

1/2 Baht

27 × 1 7.46 Silver Phra Maha Mongkut Seal with 4 Star State Ensign of Siam with 4 Star 1860-1909
Baht

บาท

1/4 Tamleung,

1 Baht

31 × 1 15.45 Silver Phra Maha Mongkut Seal with 8 Star State Ensign of Siam with 8 Star 1860-1909
Half Tamleung

ครึ่งตำลึง

1/2 Tamleung,

2 Baht

37 × 2.5 30 Silver Phra Maha Mongkut Seal with 16 Star State Ensign of Siam with 16 Star 1860-1909
Pot Dueng

พัดดึงส์

5/8 Tamleung,

2.5 Baht

16 × 0.8 1.83 Gold Phra Maha Mongkut Seal State Ensign of Siam with No Star 1863-1908
Pit

พิศ

1 Tamleung,

4 Baht

17 × 1 3.88 Gold Phra Maha Mongkut Seal State Ensign of Siam 1863-1908
Tot

ทศ

2 Tamleung,

8 Baht

22 × 1 7.42 Gold Phra Maha Mongkut Seal State Ensign of Siam 1863-1908

Decimal Coinage[edit]

In 1897, the first coins denominated in satang were introduced, cupronickel 2+12, 5, 10 and 20 satang. However, 1 solot, 1 and 2 att coins were struck until 1905 and 1 fuang coins were struck until 1910. In 1908, holed 1, 5 and 10 satang coins were introduced, with the 1 satang in bronze and the 5 and 10 satang in nickel. The 1 and 2 salung were replaced by 25 and 50 satang coins in 1915. In 1937, holed, bronze 12 satang were issued.

In 1941, a series of silver coins was introduced in denominations of 5, 10 and 20 satang, due to a shortage of nickel caused by World War II. The next year, tin coins were introduced for 1, 5 and 10 satang, followed by 20 satang in 1945 and 25 and 50 satang in 1946. In 1950, aluminium bronze 5, 10, 25 and 50 satang were introduced whilst, in 1957, bronze 5 and 10 satang were issued, along with 1-baht coins struck in an unusual alloy of copper, nickel, silver and zinc. Several Thai coins were issued for many years without changing the date. These include the tin 1942 1 satang and the 1950 5 and 10 satang, struck until 1973, the tin 1946 25 satang struck until 1964, the tin 50 satang struck until 1957, and the aluminium bronze 1957 5, 10, 25 and 50 satang struck until the 1970s. Cupronickel 1-baht coins were introduced in 1962 and struck without date change until 1982.

In 1972, cupronickel 5-baht coins were introduced, switching to cupronickel-clad copper in 1977. Between 1986 and 1988, a new coinage was introduced, consisting of aluminium 1, 5 and 10 satang, aluminium-bronze 25 and 50 satang, cupronickel 1 baht, cupronickel-clad-copper 5 baht and bimetallic 10 baht. Cupronickel-clad-steel 2 baht were introduced in 2005.

In 2008, the Ministry of Finance and the Royal Thai Mint announced the 2009 coin series, which included changes in materials to reduce production costs as well as an update of the image on the obverse to a more recent portrait of the king. The two-baht coin, confusingly similar in color and size to the one-baht coin, was changed from nickel-clad low-carbon steel to aluminium bronze. New two-baht coin was the first of the new series released on February 3, 2009, followed by the satang coins in April, a five-baht coin in May, a ten-baht coin in June, and a one-baht coin in July 2009.

In 2018, the Royal Thai Mint and the Ministry of Finance issued a new series of general circulation coins, featuring the same standard specifications, but feature a portrait of its current king, Maha Vajiralongkorn.

Coins of the Thai baht (Rama IX) [2] [3] (in Thai)
Value Technical parameters Description Date of first minting
Diameter Mass Composition Obverse Reverse
1 satang 1 15 mm 0.5 g 97.5% Al, 2.5% Mg King Bhumibol Adulyadej Wat Phra That Hariphunchai, Lamphun 1987
99% Aluminium 2008
5 satang 1 16 mm 0.6 g 97.5% Al, 2.5% Mg Wat Phra Pathom Chedi, Nakhon Pathom 1987
16.5 mm 99% Aluminium 2008
10 satang 1 17.5 mm 0.8 g 97.5% Al, 2.5% Mg Wat Phra That Choeng Chum, Sakon Nakhon 1987
99% Aluminium 2008
25 satang 16 mm 1.9 g Aluminium bronze King Bhumibol Adulyadej Wat Phra Mahathat, Nakhon Si Thammarat 1987
16 mm 1.9 g Copper-plated steel King Bhumibol Adulyadej Wat Phra Mahathat, Nakhon Si Thammarat 2008
50 satang 18 mm 2.4 g Aluminium bronze King Bhumibol Adulyadej Wat Phra That Doi Suthep, Chiang Mai 1987
18 mm 2.4 g Copper-plated steel King Bhumibol Adulyadej Wat Phra That Doi Suthep, Chiang Mai 2008
1 baht 20 mm 3.4 g Cupronickel (1986–2008) King Bhumibol Adulyadej Wat Phra Kaew, Bangkok 1986
3 g Nickel-plated steel (2008–present) 2008
2 baht 21.75 mm 4.4 g Nickel-plated low-carbon steel King Bhumibol Adulyadej Wat Saket, Bangkok 2005
21.75 mm 4 g Aluminium bronze King Bhumibol Adulyadej Wat Saket, Bangkok 2008
5 baht 24 mm 7.5 g Copper nickel-clad copper King Bhumibol Adulyadej Wat Benchamabophit, Bangkok 1988
6 g 2008
10 baht 26 mm 8.5 g Outer Ring: Copper-nickel
Center Plug: Aluminium bronze
King Bhumibol Adulyadej Wat Arun, Bangkok 1988
2008
Coins of the Thai baht (Rama X)
Image Value Composition Description Date of minting
Obverse Reverse Obverse Reverse
1 satang Aluminum King Maha Vajiralongkorn Monogram of Maha Vajiralongkorn 2018
5 satang Aluminum King Maha Vajiralongkorn Monogram of Maha Vajiralongkorn 2018
10 satang Aluminum King Maha Vajiralongkorn Monogram of Maha Vajiralongkorn 2018
25 satang Copper-plated steel King Maha Vajiralongkorn Monogram of Maha Vajiralongkorn 2018
50 satang Copper-plated steel King Maha Vajiralongkorn Monogram of Maha Vajiralongkorn 2018
1 baht Nickel-plated steel King Maha Vajiralongkorn Monogram of Maha Vajiralongkorn 2018
2 baht Aluminum bronze King Maha Vajiralongkorn Monogram of Maha Vajiralongkorn 2018
5 baht Copper nickel-clad copper King Maha Vajiralongkorn Monogram of Maha Vajiralongkorn 2018
10 baht Outer Ring: Copper nickel
Center Plug: Aluminium bronze
King Maha Vajiralongkorn Monogram of Maha Vajiralongkorn 2018

Remarks[edit]

  1. The 1, 5 and 10 satang are used only internally between banks and are not in circulation.[19]
  2. Older coins, some of which are still in circulation, had only Thai numerals, but newer designs also have Arabic numerals.
  3. The standard-issue 10-baht coin has, at the 12 o'clock position on the reverse, raised dots corresponding to Braille cell dot 1 and dots 2-4-5, which correspond to the number 10.
  4. 10-baht coins are very similar to 2-euro coins in size, shape and weight, and are likewise bi-metallic, although they are worth only 25 eurocents. Vending machines not equipped with up-to-date coin detectors might therefore accept them as €2 coins or old Italian 500 lira coins as well.[20]
  5. Many commemorative 1-, 2-, 5- and 10-baht coins have been made for special events. There also are 20-, 50-, 100-baht base metal commemorative coins and higher-denomination precious metal coins as well.[which?]

In February 2010 the Treasury Department of Thailand stated that it has been planning a new circulation 20-baht coin.[21]

Banknotes[edit]

In 1851, the government issued notes for 18, 14, 38, 12 and 1 tical, followed by 3, 4, 6 and 10 tamlueng in 1853. After 1857, notes for 20 and 40 ticals were issued, also bearing their values in Straits dollars and Indian rupees. Undated notes were also issued before 1868 for 5, 7, 8, 12 and 15 tamlueng, and 1 chang. One att notes were issued in 1874.

In 1892, the treasury issued notes for 1, 5, 10, 40, 80, 100, 400 and 800 ticals, called "baht" in the Thai text.

On September 19, 1902, the government introduced notes which were printed by Thomas De La Rue & Company Limited, England, during the reigns of kings Rama V and Rama VI, denominated 5, 10, 20, 100 and 1000 ticals, still called baht in the Thai text — each denomination having many types,[22] with 1 and 50 tical notes following in 1918. In 1925, notes were issued in denominations of 1, 5, 10, 20, 100 and 1,000 baht with the denomination in both Arabic and Thai numerals without English text;[23] English speakers continued to refer to these as "ticals".[24]

On 27 July 2010, the Bank of Thailand announced that the 16th-series banknotes would enter circulation in December 2010.[25][26] On 9 August 2012, the Bank of Thailand issued a new denomination banknote, 80 baht, to commemorate queen Sirikit's 80th birthday.[27] It was the first Thai banknote that featured Crane's Motion security thread.

In 2017, the Bank of Thailand announced a new family of banknotes in remembrance of its late king Bhumibol Adulyadej (Rama IX). The notes are the same size and dimensions as the "Series 16" banknotes, with the front designs as before, but the back designs featuring images of the king's life in infancy, adolescence and maturity. The new family of banknotes were issued on September 20.[28]

In 2018, the Bank of Thailand announced a new family of banknotes featuring a portrait of its current king, Maha Vajiralongkorn. The main colors and dimensions of the notes are the same as before, with the back designs featuring images of the Kings of Thailand from past to present. The 20, 50 and 100 baht banknotes were issued on Chakri Memorial Day, April 6, 2018. The final two denominations, 500 and 1,000 baht were issued on the anniversary of the birth of King Maha Vajiralongkorn, July 28, 2018.[29]

2003-present (Series 14 to Series 17) Later Rama 9 and Rama 10 Era[edit]

Images of banknotes have been removed lest they infringe copyright,[30] but may be viewed at the Thai-language article linked in the margin.

14th series banknotes[31]
Value Dimensions Main colour Description Date of issue
Obverse Reverse
100 baht 150 × 72 mm Red King Bhumibol Adulyadej in the uniform of the supreme commander of the armed forces King Chulalongkorn (Rama V) and King Mongkut (Rama IV) 1994-2003
500 baht 156 × 72 mm Purple Kings Phra Buddha Yodfa Chulaloke (Rama I) and Phra Buddha Loetla Nabhalai (Rama II) 1996-2001
1,000 baht 162 × 72 mm Silver Kings Bhumibol Adulyadej (Rama IX) and Queen Sirikit 1992-2005
15th series banknotes[31]
Value Dimensions Main colour Description Date of issue
Obverse Reverse
20 baht 138 × 72 mm Green King Bhumibol Adulyadej in the uniform of the supreme commander of the armed forces King Ananda Mahidol (Rama VIII) 3 March 2003
50 baht 144 × 72 mm Blue King Mongkut (Rama IV) 19 March 2004
100 baht 150 × 72 mm Red King Chulalongkorn (Rama V) and King Vajiravudh (Rama VI) 21 October 2005
500 baht 156 × 72 mm Purple King Nangklao (Rama III) 1 August 2001
1,000 baht 162 × 72 mm Brown King Bhumibol Adulyadej; Pa Sak Jolasid Dam 25 November 2005
16th series banknotes**[31]
Value Dimensions Main colour Description Date of issue
Obverse Reverse
20 baht[32] 138 × 72 mm Green King Bhumibol Adulyadej in the Royal House of Chakri gown King Ram Khamhaeng the Great on the Manangkhasila Asana Throne monument; invention of the Thai script; Ramkhamhaeng stele 1 April 2013[33]
50 baht[34] 144 × 72 mm Blue King Naresuan the Great pouring water for declaration of independence monument; Statue of king Naresuan the Great on war elephant; Phra Chedi Chai Mongkol temple 18 January 2012[35]
100 baht[36] 150 × 72 mm Red King Taksin the Great monument in Wongwian Yai circle; Phra Ratchawang Doem (King Taksin's palace); Wichai Prasit Fortress Thonburi 26 February 2015[37]
500 baht[38] 156 × 72 mm Violet King Buddha Yodfa Chulalok the Great (King Rama I) monument; Wat Phra Chetuphon Vimolmangklararm Rajwaramahaviharn (Wat Pho); Phra Sumen Fort (Bangkok city wall) 12 May 2014[39]
1,000 baht[40] 162 × 72 mm Brown King Chunla Chom Klao the Great (King Rama V) monument; Ananta Samakhom throne hall, Dusit palace ground king's monument, end of slavery in Siam 21 August 2015[41]
17th series banknotes[42]
Value Dimensions Main colour Description Date of issue
Obverse Reverse
20 baht 138 × 72 mm Green King Maha Vajiralongkorn in the uniform of the commander of the Royal Thai Air Force and wearing Order of the Nine Gems Kings Phra Buddha Yodfa Chulaloke (Rama I) and Phra Buddha Loetla Nabhalai (Rama II) 6 April 2018
50 baht 144 × 72 mm Blue Kings Nangklao (Rama III) and Mongkut (Rama IV) 6 April 2018
100 baht 150 × 72 mm Red Kings Chulalongkorn (Rama V) and Vajiravudh (Rama VI) 6 April 2018
500 baht 156 × 72 mm Purple Kings Prajadhipok (Rama VII) and Ananda Mahidol (Rama VIII) 28 July 2018
1,000 baht 162 × 72 mm Brown Kings Bhumibol Adulyadej (Rama IX) and Maha Vajiralongkorn (Rama X) 28 July 2018

1948-2003 (Series 9 to Series 13) Early Rama 9 Era[edit]

These banknotes series are not demonitized, hence would be legal tender. Though, they are never seen in circulation anymore.

These banknotes images are allowed under a strict copyright infringement exemption under the Chapter 1: Copyright, Part 6: Exceptions to Infringement of Copyright, Clause 7 of Copyright Act B.E. 2537 (1994) Amended by Copyright Act (NO. 2) B.E. 2558 (2015), and Copyright Act (NO.3) B.E. 2558 (2015) and Copyright Act (NO.4) B.E. 2561 (2018): reproduction, adaptation in part of a work or abridgement or making a summary by a teacher or an educational institution so as to distribute or sell to students in a class or in an educational institution, provided that the act is not for profit;[4]

So as to serve as an educational material, only one side is shown, and any series beyond series 13 is omitted.

Series 9[edit]

Series 9 Banknote Portrait Difference, young portrait (left), new portrait (right)

Series 9 banknotes are produced by Thomas De La Rue & Company Limited. There are two variations within this series, the young, and new portrait. According to the Bank of Thailand, the color schemes of this series established the denominations' colors for all of the following series due to the series circulating for 20 years.[43]

9th series banknotes (First Portrait ; Second Portrait)
Value Dimensions Main colour Description Date of issue
Obverse Reverse
50 satang 115 × 63 mm Green The Constitution of Siam Phra Samut Chedi 1948-1969
1 baht 126 × 66 mm Green King Bhumibol Adulyadej in the uniform of the supreme commander of the armed forces, and Wat Pho Anandasamakom Throne Hall 1948-1955;

1955-1969

5 baht 136 × 77 mm Green and Grey King Bhumibol Adulyadej in the uniform of the supreme commander of the armed forces, and Phra Pathomma Chedi Anandasamakom Throne Hall 1948-1955;

1955-1969

10 baht 146 × 86 mm Brown King Bhumibol Adulyadej in the uniform of the supreme commander of the armed forces, and Pharakarn Fortress Anandasamakom Throne Hall 1948-1953;

1953-1969

20 baht 146 × 86 mm Green King Bhumibol Adulyadej in the uniform of the supreme commander of the armed forces, and Grand Palace Anandasamakom Throne Hall 1948-1955;

1955-1971

100 baht 145 × 86 mm Red King Bhumibol Adulyadej in the uniform of the supreme commander of the armed forces, and Wat Arun Anandasamakom Throne Hall 1948-1955;

1955-1968

Series 10[edit]

Series 10 banknotes are produced by Thomas De La Rue & Company Limited,due to heavy counterfiting, series 10 was issued in series 9's stead.[44] The 100 baht is the only denomination issued in this series.

10th series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
100 baht 145 × 86 mm Red King Bhumibol Adulyadej in uniform Royal barge "Suphannahong" 1968-1969

Series 11[edit]

In this series, the 500 baht note was introduced for the first time ever, this coincides with the Bank of Thailand fully convering to an in-house production.[45] As a consequence, the 1 baht note's production was cancelled.

11th series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
5 baht 130 × 67.5 mm Violet King Bhumibol Adulyadej in full regalia The Arphonphimoke Prasat Pavilion 1969-1978
10 baht 135 × 70 mm Brown King Bhumibol Adulyadej in full regalia Wat Benchamabophit 1969-1978
20 baht 140 × 72 mm Green King Bhumibol Adulyadej in full regalia Royal barge "Anantanakkharat" 1971-1978
100 baht 150 × 77 mm Red King Bhumibol Adulyadej in full regalia Wat Phra Si Rattana Satsadaram 1969-1978
500 baht 160 × 80 mm Purple King Bhumibol Adulyadej in full regalia Phra Prang Sam Yod 1975-1988

Series 12 & 13[edit]

Series 12 and 13 aims to glorify past thai monarchs, the Bank of Thailand dubbed this as "The Great Series". The 5 baht note's production was cancelled. The note 50 baht and 500 baht are apart of series 13, and was issued to commemorate the bicentennial celebration of Bangkok in 1982, though the production had to be delayed for the new printing press to be installed.[46]

12th series banknotes and 13th series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
10 baht 132 × 69 mm Brown King Bhumibol Adulyadej in uniform Equestrian statue of King Chulalongkorn 1978-2003
20 baht 139 × 72 mm Green King Bhumibol Adulyadej in uniform King Taksin's Statue at Chantaburi 1978-2003
50 baht 144 × 72 mm Blue King Bhumibol Adulyadej in full regalia Anandasamakom Throne Hall, the Coronation of King Rama VII Prajadhipok 1985-1996
50 baht (polymer) 144 × 72 mm Blue and Yellow King Bhumibol Adulyadej in full regalia Anandasamakom Throne Hall, the Coronation of King Rama VII Prajadhipok 1996-1997
100 baht 154 × 80 mm Red King Bhumibol Adulyadej in uniform King Naresuan the Great atop War Elephant 1978-1994
500 baht 160 × 80 mm Purple King Bhumibol Adulyadej in the uniform of the supreme commander of the armed forces The Monument of King Rama I 1988-1996

1935-1948 (Series 3 Type II to Series 8) Rama 8 Era[edit]

Series 3 Type II[edit]

Series 3 type ii banknotes are produced by Thomas De La Rue & Company Limited. It is the first series to hold Rama 8's portrait, which replaced Rama 7's portrait in the Type I.

type II 3th series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
1 baht 135 × 75 mm Green Young King Ananda and Suphannahongse Royal Barge Phra Samut Chedi Temple 1935-1937
5 baht 155 × 85 mm Green and Grey Young King Ananda and Temple of the Emerald Buddha Phra Samut Chedi Temple 1935-1937
10 baht 175 × 95 mm Brown Young King Ananda and a Scene of the Mae Ping River Phra Samut Chedi Temple 1935-1937
20 baht 175 × 95 mm Green Young King Ananda and a Scene of a Riverside Community Phra Samut Chedi Temple 1935-1937

Series 4 Type I[edit]

Series 4 type i banknotes are produced by Thomas De La Rue & Company Limited.

type I 4th series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
1 baht 125 × 65 mm Green Young King Ananda and Phra Samut Chedi Anandasamakom Throne Hall 1937-1942
5 baht 135 × 76 mm Green and Grey Young King Ananda and Phra Pathom Chedi Anandasamakom Throne Hall 1937-1942
10 baht 145 × 87 mm Brown Young King Ananda and Mahakarn Fortress Anandasamakom Throne Hall 1937-1942
20 baht 145 × 87 mm Green Young King Ananda and Golden Mountain Stupa Anandasamakom Throne Hall 1937-1942
1000 baht 195 × 100 mm Red Young King Ananda and a Dusidabhirom Pavilion Anandasamakom Throne Hall 1937-1942

Series 4 Type II[edit]

Series 4 type ii banknotes are produced by Royal Thai Survey Department and the Naval Hydrographic Department. During world war 2, Thailand allied with the Empire of Japan. This meant that the government of Thailand could not order banknotes from Thomas De La Rue & Company Limited.

type I 4th series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
1 baht 125 × 65 mm Green Young King Ananda and Phra Samut Chedi Anandasamakom Throne Hall 1942
10 baht 146 × 86 mm Brown Young King Ananda and Mahakarn Fortress Anandasamakom Throne Hall 1942
20 baht 146 × 86 mm Green Young King Ananda and Grand Palace Anandasamakom Throne Hall 1942
100 baht 125 × 65 mm Cyan Young King Ananda and a Wat Arun Anandasamakom Throne Hall 1942

Series 5[edit]

Series 5 banknotes are produced by Notes Printing Works of Japan.

5th series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
50 satang 117 × 63 mm Green Young King Ananda Grand Palace 1942-1945
1 baht 125 × 65 mm Grey Young King Ananda and Pumin Temple Grand Palace 1942-1945
5 baht 135 × 75 mm Green Young King Ananda and Wat Benchamabophit Dusitwanaram Grand Palace 1942-1945
10 baht 145 × 85 mm Green Young King Ananda and Wat Pho Grand Palace 1942-1945
20 baht 155 × 90 mm Green Young King Ananda and Aisawan Tipaya-ast Pavilion Grand Palace 1942-1945
100 baht 175 × 100 mm Red Young King Ananda and Wat Arun Grand Palace 1942-1945
1000 baht 175 × 100 mm Green Young King Ananda and Grand Palace Grand Palace 1942-1945

Series 6[edit]

Series 6 banknotes are produced by Royal Thai Survey Department.

6th series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
20 baht 147 × 87 mm Green Young King Ananda and Dusidapirom Pavilion Anandasamakom Throne Hall 1945
100 baht 147 × 87 mm Green Young King Ananda and Wat Arun Anandasamakom Throne Hall 1945

Series 7[edit]

Series 7 banknotes relied on private printing under the supervision of the Bank of Thailand. According to the Bank of Thailand, the quality of this series was barely sastisfactory.

7th series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
1 baht 104 × 54 mm Cyan King Ananda and Phra Samut Chedi Anandasamakom Throne Hall 1945
5 baht 135 × 76 mm Purple King Ananda and Phra Patom Chedi Anandasamakom Throne Hall 1945
10 baht 135 × 76 mm Green King Ananda and Mahakarn Fortress Anandasamakom Throne Hall 1945
50 baht 104 × 54 mm Red King Ananda and Wat Benchamabophit Dusitwanaram Anandasamakom Throne Hall 1945

Special Series Banknote[edit]

The special series are banknotes which were issued during world war 2, each at diffrent times.

special series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
50 satang (overprint) 145 × 85 mm Grey Young King Ananda and Wat Pho Grand Palace 1946
50 satang (Kong Tek Note) 125 × 65 mm Grey and Yellow none Anandasamakom Throne Hall 1946
1 baht (Kong Tek Note) 117 × 63 mm Grey and Red King Ananda and a 16 pointed Star symbol Anandasamakom Throne Hall 1942
1 baht (Invasion Note) 114 × 73 mm Grey none none 1946
1000 baht 104 × 54 mm Red King Ananda and Phra Prang Sam Yod Anandasamakom Throne Hall 1943

Series 8[edit]

At the end of world war 2, Thomas De La Rue & Company Limited's printing house suffered damage from German bombing, thus the Royal Thai Government turned to the United States government to produce the series 8. The Tudor Press company produced this series.

8th series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
1 baht 110 × 66 mm Green King Ananda and Phra Patom Chedi The Constitution of Siam 1945-1948
5 baht 110 × 66 mm Blue King Ananda and Phra Patom Chedi The Constitution of Siam 1945-1948
10 baht 110 × 66 mm Brown King Ananda and Phra Patom Chedi The Constitution of Siam 1945-1948
20 baht 156 × 90 mm Violet King Ananda and Phra Patom Chedi The Constitution of Siam 1945-1948
100 baht 156 × 90 mm Brown and Cyan King Ananda and Phra Patom Chedi The Constitution of Siam 1945-1948

1925-1935 (Series 2 to Series 3 Type I) Rama 6 and Rama 7 Era[edit]

Series 2[edit]

Series 2 banknotes are produced by Thomas De La Rue & Company Limited.

2th series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
1 baht 135 × 75 mm Blue and Yellow none Royal Ploughing Ceromony 1925-1934
5 baht 155 × 85 mm Green and Grey none Royal Ploughing Ceromony 1925-1934
10 baht 175 × 95 mm Red none Royal Ploughing Ceromony 1925-1934
20 baht 175 × 95 mm Green none Royal Ploughing Ceromony 1925-1934
100 baht 175 × 95 mm Blue and Green none Royal Ploughing Ceromony 1928-1934
1000 baht 195 × 105 mm Red none Royal Ploughing Ceromony 1928-1934

Series 3 Type I[edit]

Series 3 type i banknotes are produced by Thomas De La Rue & Company Limited. This series was actually delayed due to the Siamese Revolution to abolish the absolute monarch and transform the institution into a constitutional monarchy. The issuance was suppossed to happen in the early 1930s.

type I 3th series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
1 baht 135 × 75 mm Green King Prajadipok and Suphannahongse Royal Barge Phra Samut Chedi Temple 1934-1935
5 baht 155 × 85 mm Green and Grey King Prajadipok and Temple of the Emerald Buddha Phra Samut Chedi Temple 1934-1935
10 baht 175 × 95 mm Brown King Prajadipok and a Scene of the Mae Ping River Phra Samut Chedi Temple 1934-1935
20 baht 175 × 95 mm Green King Prajadipok and a Scene of a Riverside Community Phra Samut Chedi Temple 1934-1935

1902-1925 (Series 1) Rama 5 Era[edit]

Series 1[edit]

Series 1 was chosen due to the series which preceeds this were non-decimal. Series 1 banknotes is the first series to be produced by Thomas De La Rue & Company Limited. In 1900, Charles James Rivett Carnac, a Royal Treasury Minstry advisor proposed that the Siamese Baht followed the issuances of banknotes followed the British standard. The banknote department was established quickly thereafter. The main characteristic of this series was that the notes are onesided and multilingual, containing Chinese, Malay (in Jawi script), and Latin script.[47] It was also the last series to use the term "tical" to refer to the Thai Baht, and the largest in term of size of circulated notes.

1th series banknotes
Value Dimensions Main colour Description Date of issue
Obverse Reverse
1 tical 165 × 105 mm Cyan none blank 1918-1925
5 ticals 165 × 105 mm Grey none blank 1902-1925
10 ticals 205 × 126 mm Brown none blank 1902-1925
20 ticals 205 × 126 mm Green none blank 1902-1925
50 ticals 165 × 105 mm Grey none blank 1918-1925
100 ticals 205 × 126 mm Grey none blank 1903-1928
1000 ticals 205 × 126 mm Red none blank 1902-1928

Before 1902 Pre Decimalization Era[edit]

The characteristic of the banknotes of this era is that there were no series isued at the same time, rather they are issued sporatically and have multiple banks producing their own banknotes.

Rama IV Banknotes[edit]

Rama IV Banknotes
Value Date of issue
feuang (1/8 baht) 1853
saleung (1/4 baht) 1853
saleung feuang (3/8 baht) 1853
2 saleung (1/2 baht) 1853
3 saleung (3/4 baht) 1853
1 baht 1853
2 tamleung (8 baht) 1856
3 tamleung (12 baht) 1853; 1856
4 tamleung (16 baht) 1853; 1856
5 tamleung (20 baht) 1853; 1856
6 tamleung (24 baht) 1856
7 tamleung (28 baht) 1856
8 tamleung (32 baht) 1856
10 tamleung (40 baht) 1853; 1856
12 tamleung (48 baht) 1856
15 tamleung (60 baht) 1856
1 chang (80 baht) 1853; 1856
1 chang 5 tamleung (100 baht) 1856
1 chang 10 tamleung (140 baht) 1856


Rama V Banknotes[edit]

Rama V Banknotes
Value Date of issue Issuing Body
1 att 1874 Royal Tresury
1 tical 1892 Royal Tresury
1 tical 1889 HSBC
1 tical 1894 The Chartered Bank of India Australia & China
5 tical 1892 Royal Tresury
5 tical 1889 HSBC
5 tical 1894 The Chartered Bank of India Australia & China
5 tical 1896 Banque de L'Indo-Chine
10 tical 1892 Royal Tresury
10 tical 1889 HSBC
10 tical 1894 The Chartered Bank of India Australia & China
20 tical 1896 Banque de L'Indo-Chine
40 tical 1892 Royal Tresury
40 tical 1889 HSBC
40 tical 1894 The Chartered Bank of India Australia & China
80 tical 1889 HSBC
80 tical 1896 Banque de L'Indo-Chine
100 tical 1892 Royal Tresury
100 tical 1889 HSBC
100 tical 1894 The Chartered Bank of India Australia & China
100 tical 1896 Banque de L'Indo-Chine
400 tical 1892 Royal Tresury
400 tical 1889 HSBC
400 tical 1894 The Chartered Bank of India Australia & China
800 tical 1892 Royal Tresury

Money and unit of mass[edit]

Ngoen (เงิน) is Thai for "silver" as well as the general term for money, reflecting the fact that the baht (or tical) is foremost a unit of weight for precious metals and gemstones. One baht = 15.244 grams.[48] Since the standard purity of Thai gold is 96.5 percent, the actual gold content of one baht by weight is 15.244 × 0.965 = 14.71046 grams; equivalent to about 0.473 troy ounces. 15.244 grams is used for bullion; in the case of jewellery, one baht should be more than 15.16 grams.

Exchange rates[edit]

Historical exchange rate of USD/THB from 1980 to 2015
Historical exchange rate of EUR/THB since 2005

The Bank of Thailand adopted a series of exchange controls on 19 December 2006, which resulted in a significant divergence between offshore and onshore exchange rates, with spreads of up to 10 percent between the two markets. Controls were broadly lifted on 3 March 2008 and there is now no significant difference between offshore and onshore exchange rates.[49]

Year USD/THB average exchange rate
1999 41.34
2000 40.24
2001 40.26
2002 37.92
2003 32.34
2004 32.99
2005 34.34
2006 31.73
2007 30.48
2008 31.07
2009 30.71
2010 32.48
2011 34.25
2012 35.28
2013 33.91
2014 32.48
2015 34.25
2016 35.30
2017 33.94
2018 32.31
2019 31.05
2020 31.30

(Source 1999–2013: usd.fx-exchange.com)

(Source 2014–2020: Bank of Thailand) [5] Archived 2021-01-23 at the Wayback Machine

Current THB exchange rates

From Google Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD INR CNY TWD
From Yahoo! Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD INR CNY TWD
From XE.com: AUD CAD CHF CNY EUR GBP HKD JPY USD INR CNY TWD
From OANDA: AUD CAD CHF CNY EUR GBP HKD JPY USD INR CNY TWD

See also[edit]

References[edit]

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Sources

External links[edit]