According to the exchange rate on December 28th, 219, 2 baht =4.642 RMB, 1 baht =.2321 RMB, and 1 RMB =4.385 baht.

before p>1897, one baht was equal to eight fuang, and one fuang was equal to eight att. The current decimal system (that is, 1 baht equals 1 Sadan) was formulated by King Chulalongkorn V. Before the 194s, it was called tical, and later it was renamed baht (baht). Originally, baht was a unit of weight, which was equivalent to 15 grams. Since a tical was equivalent to 15 grams of silver, it was simply used as the name.

On November 27th, 192, the baht was no longer linked to sterling silver, because the price of silver depreciated sharply relative to the gold standard currency. On September 19th of that year, Thailand issued the first batch of banknotes with face values of 5, 1, 2, 1 and 1tical.

Extended information

Before p>188, the exchange rate was fixed at 8 baht per pound, but it fell to 1 baht in the 198s. The fall in the price of silver dragged down the further depreciation of the Thai baht, which fell to 22 baht per pound in 192. Later, the Thai baht was converted into the gold standard, and the exchange rate was stable at the level of 13 baht per pound. After World War I, Thailand's economy was relatively less affected by the war, and the baht appreciated to 11, until the advent of World War II.

from the second world war until 198, the Thai baht was pegged to the US dollar, and the exchange rate was fixed at 2 baht per US dollar. After the Plaza Accord in 1985, Thailand devalued the Thai baht to 25 baht until the Asian financial crisis broke out on July 2, 1997. Affected by the financial crisis, the Thai baht plunged rapidly. In January 1998, the Thai baht changed to a floating exchange rate, which immediately depreciated by half and fell to the lowest record of 56 baht against the US dollar. From then on, it fluctuated between 35 and 5 baht against the US dollar in the years before the mid-2s.

Since the end of p>26, driven by the rapid development of Thailand's export industry, the Thai currency has experienced a period of "soaring". In just four months, the exchange rate against the US dollar changed from 39 to 34 (April 27), which made the local tourism industry fluctuate, and even exceeded the price of 3 before the financial tsunami in 28. During the financial tsunami, the Thai baht was once reduced to 1: 36, but since then, the economy has turned sharply, and the Thai baht has started to rise again. In April 213, it even rose above the level of 1: 29, becoming the highest record since the Asian financial crisis.

state administration of foreign exchange-central parity of RMB exchange rate