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.

Gold Ounce

Gold Ounce

Gold is a chemical element with symbol Au (from Latin: aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental (native) form, as nuggets or grains, in rocks, in veins, and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia, a mixture of nitric acid and hydrochloric acid, which forms a soluble tetrachloroaurate anion. Gold is insoluble in nitric acid, which dissolves silver and base metals, a property that has long been used to refine gold and to confirm the presence of gold in metallic objects, giving rise to the term acid test. Gold also dissolves in alkaline solutions of cyanide, which are used in mining and electroplating. Gold dissolves in mercury, forming amalgam alloys, but this is not a chemical reaction. A relatively rare element, gold is a precious metal that has been used for coinage, jewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy, but gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after 1971. A total of 186,700 tonnes of gold exists above ground, as of 2015. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry. Gold's high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion resistant electrical connectors in all types of computerized devices (its chief industrial use). Gold is also used in infrared shielding, colored-glass production, gold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine. As of 2016, the world's largest gold producer by far was China with 450 tonnes per year.

40313 Thai Baht to Gold Ounce exchange rates chart

40313 THB to XAU exchange rates graph
40313 THB to XAU 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.

40313 THB to XAU exchange rates table

Exchange THB to XAU
40313 Thai Baht = 1.019 Gold Ounce
80626 Thai Baht = 2.038 Gold Ounce
201565 Thai Baht = 5.095 Gold Ounce
403130 Thai Baht = 10.190 Gold Ounce
Exchange Thai Baht to Gold Ounce
40313 Thai Baht to Gold Ounce 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.

40313 THB to XAU exchange rates news

BOT expected to hike key interest rate
BOT expected to hike key interest rate

STANDARD Chartered Bank (Thailand) expects the Bank of Thailand (BOT) to start monetary policy normalisation and increase the interest rate by 25 basis points (bps) , from 1.50 per cent to 1.75 per cent, in November.

indicative neutral
Malaysia, Japan, Philippines among nations that benefit from US-China trade war
Malaysia, Japan, Philippines among nations that benefit from US-China trade war

Asia, at the broad level, will lose from the United States-China trade war, but a few countries will emerge as relative winners. Nomura Holdings Inc. found that

conditional neutral
Thailand offers some help for rubber farmers after price slump

THAILAND-RUBBER/ (PIX):Thailand offers some help for rubber farmers after price slump

conditional neutral
Gold futures mark first loss in 5 sessions
Gold futures mark first loss in 5 sessions

Gold futures decline on Tuesday, pulling back from earlier highs to mark their first loss in five sessions, as the U.S. dollar strengthened against most of its currency rivals.

conditional positive
Gold Edges Higher as Dollar Falls

Gold prices swung between small gains and losses before closing higher for the fourth consecutive session, boosted by a slightly weaker dollar.

indicative neutral
Gold ends higher for a third session and books a more than 1% weekly advance
Gold ends higher for a third session and books a more than 1% weekly advance

Gold futures end higher Friday for a third consecutive session to book a weekly advance of more than 1%, with geopolitical turmoil and broader equity market weakness helping to underpin prices.

conditional neutral
Pound Falls 2.5% Against Gold as UK Government in Turmoil Over Brexit

Since 1995, news.GoldSeek.com publishes the leading gold news commentaries, gold market updates and reports providing gold investors with the most updated gold and silver prices, news & precious metals information!

conditional negative

40313 THB to XAU currency converter