The Thai baht is currently used in Thailand.
The baht is subdivided into 100 satang and has been in use since 1897 when King Rama V introduced a new currency system consisting of silver and bronze coins.
It is regulated by the Bank of Thailand, which has its headquarters in Bangkok.
From the mid-1950’s, the Thai Baht was pegged to USD. This lasted until 1997 when a currency crisis forced a decoupling.
The Thai Baht is considered a fairly stable currency and its value has slowly increased over the past few years.
When compared to other Asian currencies, the Thai Baht is currently one of the strongest.
It is often in the top 10 rankings of the world’s most used currencies.