1 Indian Rupee to Thai Baht

Find the daily exchange rates for INR/THB and for all the top World currencies.

Countries That Use Indian Rupee (INR) as their official currency

The Indian Rupee (INR) is used as the main currency in the following countries: India

Countries That Use Thai Baht (THB) as their official currency

The Thai Baht (Thai Baht) is used as the main currency in the following countries: Thailand

About The Indian Rupee (THB)

The THB - Thai Baht - is the official currency of Thailand, a country known for its rich cultural heritage, tropical beaches, and welcoming people. The Thai Baht is symbolized by '฿' and abbreviated as 'THB.' It is subdivided into 100 smaller units called 'satang.' The Baht plays an essential role in supporting Thailand's economy, which is the second-largest in Southeast Asia, characterized by its mix of agriculture, manufacturing, tourism, and services sectors.

The Thai Baht has a long history, with its origins tracing back to a traditional system of weights used for precious metals. The term 'baht' was originally used as a unit of weight for silver, and the currency evolved from this historical context. The modern Baht was officially introduced in 1902, replacing the 'tical,' which was another name for the same currency at the time. The introduction of the Baht helped modernize Thailand’s monetary system and align it with international standards, reflecting the country’s ongoing development and openness to global trade.

The Bank of Thailand (BoT), the central bank of Thailand, is responsible for issuing and regulating the Thai Baht. Established in 1942, the BoT plays a crucial role in maintaining monetary stability, controlling inflation, and promoting sustainable economic growth. The central bank formulates monetary policy, manages the country’s foreign exchange reserves, and sets interest rates to ensure the stability of the Baht. The Thai Baht is a free-floating currency, with its value determined by supply and demand in the foreign exchange market, although the BoT sometimes intervenes to manage excessive volatility.

The Thai Baht is issued in both coin and banknote forms. Coins are available in denominations of 25 and 50 satang, as well as 1, 2, 5, and 10 Baht. Banknotes are issued in denominations of 20, 50, 100, 500, and 1,000 Baht. The banknotes feature portraits of King Maha Vajiralongkorn (Rama X) and his father, King Bhumibol Adulyadej (Rama IX), who was deeply loved and respected by the Thai people. The reverse sides of the banknotes showcase important historical figures, monuments, and symbols that represent Thailand's rich cultural heritage and history. The banknotes also incorporate advanced security features, including watermarks, security threads, and holographic elements, to prevent counterfeiting.

Thailand’s economy is diverse, with key sectors including agriculture, tourism, automotive manufacturing, and electronics. The Thai Baht plays a central role in facilitating the economic activities of the country, from the rice paddies of rural Thailand to the bustling manufacturing hubs in Bangkok and its surrounding areas. Tourism is a major contributor to the economy, with millions of visitors attracted each year by Thailand's natural beauty, cultural landmarks, and world-famous hospitality. The stability of the Baht is crucial to maintaining investor confidence, promoting trade, and supporting the tourism industry, which remains a vital source of revenue for the country.

The Thai Baht is used throughout Thailand for all types of transactions, from buying fresh produce in local markets to making larger purchases in modern shopping malls and business transactions in major cities like Bangkok, Chiang Mai, and Phuket. Tourists visiting Thailand will use the Baht for their travel expenses, including visiting famous attractions such as the Grand Palace, Wat Pho, and the stunning beaches of Krabi and Phuket. The Baht serves as a symbol of Thailand's economic independence, cultural heritage, and its resilience in the face of both local and global challenges.

Despite facing challenges such as the Asian financial crisis in 1997, during which the Baht was devalued, Thailand has demonstrated economic resilience and adaptability. The Thai government and the Bank of Thailand implemented economic reforms that helped stabilize the currency and set the foundation for future growth. Today, the Thai Baht remains a trusted and stable currency in Southeast Asia, representing the country’s progress, determination, and ability to thrive in a dynamic global economy. As Thailand continues to grow and establish itself as a key player in the region, the Thai Baht remains a symbol of the nation's aspirations for prosperity and development.

About The Indian Rupee (INR)

The INR - Indian Rupee - is the official currency of India, a country known for its rich cultural heritage, diverse population, and fast-growing economy. The Indian Rupee is symbolized by '₹' and abbreviated as 'INR,' which stands for 'Indian Rupee.' The Rupee is subdivided into 100 smaller units called 'paise.' As one of the most widely used currencies in the world, the Rupee plays a vital role in supporting the economic activities of over 1.4 billion people, making it an essential component of the Indian economy, which is one of the largest and fastest-growing globally.

The Indian Rupee has a long and fascinating history, with its origins dating back to the 6th century BCE, making it one of the oldest currencies in the world. The term 'rupee' comes from the Sanskrit word 'rūpya,' meaning 'wrought silver' or 'coin.' The modern Indian Rupee was introduced in 1950, shortly after India gained independence from British colonial rule in 1947. The introduction of the Rupee as the official currency marked the beginning of India’s journey as a sovereign economic entity. Over the years, the Indian Rupee has undergone several changes, including decimalization in 1957, when the Rupee was divided into 100 paise.

The Reserve Bank of India (RBI), the central bank of India, is responsible for issuing and regulating the Indian Rupee. Established in 1935, the RBI plays a critical role in maintaining financial stability, controlling inflation, and ensuring economic growth. The central bank formulates monetary policy, manages the supply of money, and oversees the banking system to maintain the stability of the Rupee. The RBI also intervenes in the foreign exchange market to manage the value of the INR, ensuring that it remains competitive and stable in the global financial landscape.

The Indian Rupee is issued in both coin and banknote forms. Coins are available in denominations of 1, 2, 5, 10, and 20 Rupees, while banknotes are issued in denominations of 10, 20, 50, 100, 200, 500, and 2,000 Rupees. Each banknote features images of Mahatma Gandhi, the father of the Indian nation, as well as various cultural, historical, and natural symbols that represent India’s diversity and heritage. The banknotes also include advanced security features to prevent counterfeiting, such as watermarks, microprinting, and holographic strips.

India has a diverse and rapidly growing economy, driven by sectors such as information technology, agriculture, manufacturing, and services. The Indian Rupee plays a crucial role in facilitating the economic activities of the country, from small-scale trade in rural areas to large-scale industries and international trade. The value of the Rupee is determined by market forces, with factors such as economic growth, inflation, interest rates, and global trade dynamics influencing its exchange rate. The Indian government and the RBI work together to maintain the stability of the Rupee, ensuring that it remains a reliable medium of exchange and a store of value for the country’s citizens.

The Indian Rupee is used for all types of transactions across India, from daily expenses in bustling city markets to large business transactions in major metropolitan areas such as Mumbai, Delhi, and Bengaluru. Tourists visiting India will use the Rupee for their travel expenses, including exploring iconic landmarks such as the Taj Mahal, the temples of Varanasi, and the beaches of Goa. The Rupee serves as a symbol of India’s economic independence and resilience, reflecting the country’s journey from a colonial past to an emerging global power.

Despite facing challenges such as inflation and fluctuating exchange rates, the Indian Rupee has demonstrated resilience and adaptability. India’s economic reforms, open trade policies, and emphasis on innovation have contributed to the Rupee’s stability and strength. As India continues to grow and establish itself as a major global economy, the Indian Rupee remains a symbol of the nation’s progress, diversity, and aspirations for a prosperous future. The Rupee not only represents India’s economic activities but also embodies the spirit of its people, their culture, and their unwavering drive for growth and development.

Indian Rupee (INR) Frequently Used Conversions