At present, Russians are increasingly preferring holidays in Thailand than in Turkey and Egypt. And there are many reasons for this. The main one is the relative cheapness of recreation with a relatively high level of service. Therefore, it is not surprising that many compatriots spend in the warm regions of smiling Thais sometimes up to several months. The main question for foreigners who want to visit the paradise of the Andaman Sea is the monetary aspect, namely: what currency is in the country and is there a quick and convenient exchange of payment means of other countries on the spot?
Royal means of payment
Thai Baht is the only national currency of the country. Currency issuance is carried out by the Bank of Thailand. Each unit of baht consists of one hundred satangs. The Thai currency went through the long stages of its development and only in 1925 acquired exactly the name that has survived to this day. It is worth mentioning that the Thai baht changed several names, one of which was ticking. This is the original name of the country's national currency. Such an inscription could be found on banknotes until the first quarter of the twentieth century. However, the Thai baht was mentioned long before establishing its strong position as a national currency. In the 19th century, banknotes with that name were in circulation on the territory of the country.
Atta, fuangs, satangs and their "comrades"
It is noteworthy that both baht and ticks are a measure of weight in Thailand. Silver or gold was measured precisely on these units. Or in parts. Until the end of the 19th century, there was a measure of dividing the Thai baht into several intermediate units. So, the smallest used was att. Eight of these units added up fuang, a similar amount of which was already Thai baht. Now the only bargaining units are satangs. Moreover, these coins are minted in only two denominations - twenty-five and fifty units. It is noteworthy that these banknotes are practically not used in small shops and market traders. In addition to satangs in circulation there are coins of one, two, five and ten baht face value. Banknotes exist in denominations of twenty, fifty, one hundred, five hundred and a thousand monetary units.
In addition to satangs, atts and phuangs, the monetary system of Thailand used other smaller and larger payment units. For example, 128 salots stacked one Thai baht. That is, each att included 2 smaller units. Four baht could easily be exchanged for one tamleung. The twenty bills of the last tender were a chang.
Stable currency of tourist paradise
As mentioned above, until 1925, the tickal was in circulation in the Kingdom of Thailand. Until the beginning of the twentieth century, each unit of this means of payment was backed up with silver. In this case, one tick cost as much as 15 grams of silver. It is worth noting that the currency of this country is relatively stable. The highest rate of Thai baht to the dollar was established in 1998. The reason for this was the Asian financial crisis, which undermined the state of the economy of the Kingdom. Then for one American banknote gave 56 Thai units. The economic reforms, the influx of tourists and the pursuit of goals set Thailand to a high level of development. The baht rate gradually leveled off and at this stage it costs a little more than the Russian ruble. For one dollar, about 32-33 payment units of this country are now due. The Thai baht exchange rate to the ruble is also at a stable level: for one ruble, the banks of the Kingdom give 0.97 baht.