UYI to THB

UYI - Uruguayan Peso (Indexed Units) (UYI)
THB - Thai Baht (THB)
1 UYI1 THB

Currency conversion rates from UYI to THB

UYITHB
1 UYI1 THB
5 UYI5 THB
10 UYI10 THB
20 UYI20 THB
50 UYI50 THB
100 UYI100 THB
250 UYI250 THB
500 UYI500 THB
1000 UYI1000 THB
2000 UYI2000 THB
5000 UYI5000 THB
10000 UYI10000 THB
THBUYI
1 THB1 UYI
5 THB5 UYI
10 THB10 UYI
20 THB20 UYI
50 THB50 UYI
100 THB100 UYI
250 THB250 UYI
500 THB500 UYI
1000 THB1000 UYI
2000 THB2000 UYI
5000 THB5000 UYI
10000 THB10000 UYI

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.

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