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.

IMF Special Drawing Rights

IMF Special Drawing Rights

Special drawing rights (ISO 4217 currency code XDR, also abbreviated SDR) are supplementary foreign-exchange reserve assets defined and maintained by the International Monetary Fund (IMF). The XDR is the unit of account for the IMF, and is not a currency per se. XDRs instead represent a claim to currency held by IMF member countries for which they may be exchanged. The XDR was created in 1969 to supplement a shortfall of preferred foreign-exchange reserve assets, namely gold and the U.S. dollar.XDRs are allocated to countries by the IMF. Private parties do not hold or use them. The amount of XDRs in existence was around XDR 21.4 billion in August 2009. During the global financial crisis of 2009, an additional XDR 182.6 billion were allocated to "provide liquidity to the global economic system and supplement member countries’ official reserves". By October 2014, the amount of XDRs in existence was XDR 204 billion.The value of the XDR is based on a basket of key international currencies reviewed by IMF every five years. The weights assigned to each currency in the XDR basket are adjusted to take into account their current prominence in terms of international trade and national foreign exchange reserves. In the review conducted in November 2015, the IMF decided that the Renminbi (Chinese yuan) would be added to the basket effective October 1, 2016. From that date, the XDR basket now consists of the following five currencies: U.S. dollar 41.73%, Euro 30.93%, Renminbi (Chinese yuan) 10.92%, Japanese yen 8.33%, British pound 8.09%.

45 Thai Baht to IMF Special Drawing Rights exchange rates chart

45 THB to XDR exchange rates graph
45 THB to XDR 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.

45 THB to XDR exchange rates table

Exchange THB to XDR
45 Thai Baht = 0.990 IMF Special Drawing Rights
90 Thai Baht = 1.981 IMF Special Drawing Rights
225 Thai Baht = 4.952 IMF Special Drawing Rights
450 Thai Baht = 9.903 IMF Special Drawing Rights
Exchange Thai Baht to IMF Special Drawing Rights
45 Thai Baht to IMF Special Drawing Rights 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.

45 THB to XDR exchange rates news

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
Xiaomi to launch the Redmi Note 6 Pro on Nov 22 in India
Xiaomi to launch the Redmi Note 6 Pro on Nov 22 in India

Xiaomi is all set to add another smartphone to its extensive Redmi lineup in India. The company has sent out press invites for a launch event on the 22nd

conditional neutral
Redmi Note 6 Pro India launch set for November 22, Xiaomi shares media invite

Xiaomi Redmi Note 6 Pro will make its debut in India on November 22 and the company has sent out invites

conditional neutral
Thai EGCO to Buy Stake in South Korean CCGT

Thai independent power producer EGCO Group is to buy a 49% stake in Paju Energy Service, the operator of a natural-gas power plant in Paju City near Seoul.

conditional neutral
India's foreign exchange reserves fall over USD 121 million: Data

India's foreign exchange reserves fall over USD 121 million: Data. India's foreign exchange (forex) reserves declined by $121.2 million during the week ended November 9, official data showed on Friday.

indicative negative
India's Forex reserves decline $121.2 mn

Read more about India's Forex reserves decline $121.2 mn on Business Standard. India's foreign exchange (forex) reserves declined by $121.2 million during the week ended November 9, official data showed on Friday.

indicative negative
Gold Revaluation, Stronger Rupee Lift India’s Forex Reserves: Analysts
Gold Revaluation, Stronger Rupee Lift India’s Forex Reserves: Analysts

Revaluation of gold reserves and a stronger rupee lifted India’s foreign exchange (forex) reserves by over $1 billion in the week ended November 2, analysts

conditional neutral
After weeks of fall, forex kitty jumps by over USD 1 bn to USD 393.13 bn - Times of India

India Business News: Mumbai, Nov 9 () After multiple weeks of decline, the country's foreign exchange reserves swelled by USD 1.054 billion to USD 393.132 billion in the w

indicative neutral

45 THB to XDR currency converter