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From 1956 until 1973, the baht was pegged to the US dollar at an exchange rate of 20.8 baht = one dollar and at 20 baht = 1 dollar until 1978. [9] [10] A strengthening US economy caused Thailand to re-peg its currency at 25 to the dollar from 1984 until 2 July 1997, when the country was affected by the 1997 Asian financial crisis.
The merged banks were then named "Krungthai Bank Limited", bearing its logo as an image of the Vayupaksa bird — a mythical creature that feeds on winds — which is also used by the Ministry of Finance. On 2 August 1989, Krungthai Bank was the first state enterprise to list its shares on the Stock Exchange of Thailand (SET). [5]
v. t. e. This is a list of countries by their exchange rate regime. [1] De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund. Floating (floating and free floating) Soft pegs (conventional peg, stabilized arrangement, crawling peg, crawl-like arrangement, pegged exchange rate within horizontal bands) Hard ...
Thailand triggered the crisis on 2 July and on 3 July, the Bangko Sentral intervened to defend the peso, raising the overnight rate from 15% to 32% at the onset of the Asian crisis in mid-July 1997. The peso dropped from 26 pesos per dollar at the start of the crisis to 46.50 pesos in early 1998 to 53 pesos as in July 2001.
v. t. e. In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. [1] Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. [2]
TMBThanachart Bank (TTB) (Thai: ธนาคารทหารไทยธนชาต จำกัด (มหาชน); RTGS: thanakhan thahan thai thanachat chamkat maha chon) [a] is a Thai transactional bank based in Bangkok. It has been listed on the Stock Exchange of Thailand (SET) since 23 December 1983. [2] Piti Tantakasem was appointed ...
U.S. dollar, the official currency of the United States, the world's dominant reserve currency and the most traded currency globally. Euro, the currency used by the most of countries and territories, the second-largest reserve currency and the second-most traded currency. Some currencies, such as the Abkhazian apsar, are not used in day-to-day ...
The Ayutthaya Kingdom (/ ɑːˈjuːtəjə /; Thai: อยุธยา, RTGS: Ayutthaya, IAST: Ayudhyā or Ayodhyā, pronounced [ʔā.jút.tʰā.jāː] ⓘ) or the Empire of Ayutthaya[19] was a Mon and later Siamese kingdom that existed in Southeast Asia from 1351 [15][20][21] to 1767, centered around the city of Ayutthaya, in Siam, or present ...