THB to GNF

THB - Thai Baht (THB)
GNF - Guinean Franc (FG)
1 THB1 GNF

Currency conversion rates from THB to GNF

THBGNF
1 THB1 GNF
5 THB5 GNF
10 THB10 GNF
20 THB20 GNF
50 THB50 GNF
100 THB100 GNF
250 THB250 GNF
500 THB500 GNF
1000 THB1000 GNF
2000 THB2000 GNF
5000 THB5000 GNF
10000 THB10000 GNF
GNFTHB
1 GNF1 THB
5 GNF5 THB
10 GNF10 THB
20 GNF20 THB
50 GNF50 THB
100 GNF100 THB
250 GNF250 THB
500 GNF500 THB
1000 GNF1000 THB
2000 GNF2000 THB
5000 GNF5000 THB
10000 GNF10000 THB

GNF - Guinean Franc (GNF)

Guinean Franc

The Guinea Franc is the official currency of Guinea, a country located in West Africa. It is divided into eight administrative regions and subdivided into thirty-three prefectures. Conakry is the capital, largest city and economic center. Other major cities include Labe, Nzérékoré, Kankan, Kindia, Mamou, Boke, and Guéckédou.

The Guinean Franc is the currency in Guinea (GN, GIN). The Guinean Franc is also known as Franc Guineen. The symbol for GNF can be written FG. The exchange rate for the Guinean Franc was last updated on May 24, 2019 from Yahoo Finance. The GNF conversion factor has 5 significant digits.

Economy

  • Guinea has abundant natural resources, including 25% or more of the world's known reserves of bauxite, more than 4 million tons of high grade iron ore, significant diamond and gold deposits, and undetermined reserves of uranium. Bauxite and aluminum are currently the only major exports.
  • The country has great potential for hydroelectric power.
  • Other industries include processing plants for beer, juices, beverages and snuff.
  • Under French rule, Guinea was a major exporter of bananas, pineapples, coffee, peanuts and palm oil. Agriculture still employs 80% of the workforce in the country.
  • Guinea has considerable potential for growth in its agricultural and fisheries sectors. Soil conditions, water and climate provide opportunities for large-scale irrigated agriculture and agribusiness. Investment opportunities and commercial activities exist in all these areas, but Guinea's poorly developed infrastructure and rampant corruption present obstacles to investment projects on a large scale.

History

  • The first Guinea Franc was introduced in 1959 to replace the CFA Franc BCEAO. The Guinea Franc denominations included 1, 5, 10 and 25 coins (aluminum bronze) with banknotes in 50, 100, 500, 1000, 5000 and 10,000 franc denominations.
  • These denominations have been maintained, with the addition of a 50 franc coin (1994) and phasing out of the corresponding 50 franc note.

More information about GNF - Guinean Franc (GNF)


THB - Thai Baht (฿)

The Thai baht is the currency of Thailand. Its code is THB, and it’s also denoted with the symbol ฿. The baht is the tenth most frequently used currency in the world, and is one of the strongest currencies in southeast Asia. The most popular Thai baht exchange is with the euro. The Thai baht has 6 significant currency conversion digits. It is considered fiat money.

Thai Baht is the official currency of the Kingdom of Thailand. It is divided into 100 satang. The Baht is rated as one of the strongest currencies in Southeast Asia. The Bank of Thailand issues the currency.

The Thai Baht is the currency in Thailand (TH, THA). The Thai Baht is also known as Bahts, and Onshore Baht. The symbol for THB can be written Bht, and Bt. The Thai Baht is divided into 100 stang. The exchange rate for the Thai Baht was last updated on Today from The International Monetary Fund. The THB conversion factor has 6 significant digits.

Economy

  • The economy of Thailand is a developed, commercialized economy. It is heavily export-dependent; exports account for more than two-thirds of the GDP.
  • The bank of Thailand introduced a series of exchange controls on December 19, 2006 that resulted in a major divergence between offshore and onshore exchange rates, with difference of up to 10% between the two markets.
  • Restrictions were imposed on March 3rd, 2008 and now there is no noticeable difference between offshore and onshore exchange rates.

History

  • The history of Thai currency goes back to the creation of a medium of exchange that was used in Thailand before the first century.
  • The original Thai currency was called the Tical; this name was used in the English text on banknotes until the year 1925. The name Baht was used as the Thai name for the currency since the 19th century.
  • Both the Tical and Baht currencies were originally units of weight, and coins were issued in both silver and gold, denominated by their weight in Baht and its fractions and multiples.
  • The Baht has been the national currency since 1897 and had been in use even before it was considered the national currency.

More information about THB - Thai Baht (฿)