Thai Baht

Thai Baht

The baht (; Thai: บาท, pronounced [bàːt]; sign: ฿; code:100 THB) is the official currency of Thailand. It is subdivided into 100 satang (สตางค์, pronounced [sətāːŋ]). The issuance of currency is the responsibility of the Bank of Thailand. According to SWIFT, as of February 2017, the Thai baht is ranked as the 10th most frequently used world payment currency.According to a report in the South China Morning Post, the China Banknote Printing and Minting Corporation produces at least some Thai banknotes and coins.

Eritrean Nakfa

Eritrean Nakfa

The nakfa (ISO 4217 code: ERN) is the currency of Eritrea and was introduced on 8 November 1997 to replace the Ethiopian birr at par. The currency takes its name from the Eritrean town of Nakfa, site of the first major victory of the Eritrean War of Independence. The nakfa is divided into 100 cents. The nakfa is pegged to the US dollar at a fixed rate of USD$1 = ERN15. Prior to that it was officially pegged at USD$1 = ERN13.50, however black market rates available on the streets typically offered a rate of 22 nakfas per dollar.Between 18 November and 31 December 2015, the Bank of Eritrea began replacement of all nakfa banknotes. The banknote replacement initiative was designed to combat counterfeiting, the informal economy but primarily Sudanese human traffickers who had accepted payments in nakfa banknotes in exchange for transporting would-be migrants primarily to Europe. A consequence of this was substantial amounts of the country's currency existed in vast hoardings outside Eritrea. The plan to replace the country's currency was top secret and designed to prevent human traffickers bringing their funds back in time to exchange for the new banknotes. On 1 January 2016 the old nakfa banknotes ceased being recognized as legal tender, rendering external stockpiles of currency worthless.The current series of banknotes is the artwork of an Afro-American banknote designer, Clarence Holbert, and printed by German currency printer Giesecke & Devrient.

2 Thai Baht to Eritrean Nakfa exchange rates chart

2 THB to ERN exchange rates graph
2 THB to ERN Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

2 THB to ERN exchange rates table

Exchange THB to ERN
2 Thai Baht = 0.912 Eritrean Nakfa
4 Thai Baht = 1.824 Eritrean Nakfa
10 Thai Baht = 4.561 Eritrean Nakfa
20 Thai Baht = 9.121 Eritrean Nakfa
Exchange Thai Baht to Eritrean Nakfa
2 Thai Baht to Eritrean Nakfa Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

2 THB to ERN exchange rates news

Focus on muay thai dangers
Focus on muay thai dangers

BANGKOK—The sight of two preteen boys pummeling each other with fists, elbows, knees and feet as a boisterous crowd shouts wagers at each other is considered

conditional neutral
Emerging Markets: The Real Pain Has Yet To Appear

Emerging markets will see significant losses in their currency levels, as they have already over the past year. Debt denominated in US dollars will need to be r

conditional positive
Thai listed property firms show financial growth in first nine months this year

MOST Thai listed property firms show strong growth in their financial results for the first nine months of this year, thanks to strong demand in the market.

indicative positive
With border open, Ethiopia and Eritrea are back in business
With border open, Ethiopia and Eritrea are back in business

With border open, Ethiopia and Eritrea are back in business

conditional negative
GIORNATA MONDIALE DELLA POSTA, L'UFFICIO DI ASMARA, ERITREA

Oggi, giornata mondiale della Posta. In Italia la Posta Regia è del 1862. In Eritrea, nella capitale Asmara, è costruita nel 1916, tra i primi edifici.

indicative neutral
'I was euphoric': Eritrea's joy becomes Ethiopia's burden amid huge exodus

As a sevenfold increase in the number of Eritrean refugees arriving in Ethiopia stretches regional resources, fears are growing that the border may close again

indicative negative
The peace deal with Ethiopia has not changed Afwerki's Eritrea

If anything, it has actually strengthened his regime.

conditional positive

2 THB to ERN currency converter