𝐓𝐇𝐁 𝐭𝐨 𝐈𝐍𝐑: Thai Baht To Indian Rupees Currency Converter

Thailand is the perfect holiday destination for any Indian citizen; a chance to escape the daily hustle and bustle and visit tropical beaches, explore ancient ruins and see beautiful royal palaces. However, before you rush to plan your next vacation to this exotic destination, it is imperative to know the exchange value of the local currency. Carrying out currency exchanges without knowing the value of conversion can be a tedious process. In this blog, we will take a look at the THB (Thai Baht) to INR (Indian Rupee) conversion process, its historical forecast, and a few examples.

Overview of Thai Baht (THB)

The Thai Baht, often denoted by the ‘฿’ symbol, is the official currency of Thailand. As of 2020, this currency was ranked 10th in the most-used currency by Society for Worldwide Interbank Financial Telecommunication (SWIFT). The Bank of Thailand officially issues it and can be further divided into 100 Satang. It is considered one of the strongest currencies in Asia. Despite the recent political unrest in the country, the currency has remained one of the best-performing currencies in the international foreign exchange market.

History of Thai Baht (THB)

The Thai Baht is one of the oldest known currencies, tracing back more than 800 years to the 13th century. It is denoted by the trading symbol YBH in the forex market. For instance, the exchange rate of the Thai Baht and British Pound is denoted by GBP/THB.

Similar to the British Pound Sterling, the Thai Baht was initially based on the unit of mass- 15 grams. It means that the value of 1 THB was equivalent to 15 grams of silver, and all THB coins were made of a specific amount of silver.

The value of THB remained linked to silver till the end of the 19th century, after which the country shifted its currency system to the current decimal-based monetary system. It divided the Thai Baht into 100 Satangs. Throughout the years, the Thai Baht was linked to gold, as several other currencies. 

After the global financial crisis of 1997, the Bank of Thailand decided to allow the Thai Baht to adopt a free-floating structure in the Forex market instead of pegging it to a fixed exchange rate.

Overview of Indian Rupee (INR)

INR is the abbreviation of the Indian Rupee, which is the official currency of India. It is issued and regulated by the country’s central banking authority – the Reserve Bank of India (or the RBI). The Indian Rupee derives its name from the word ‘Rupiya’, a silver coin currency issued for the first time in the 16th century. 

The Indian economy used to be a primarily cash-based economy, which resulted in the circulation of counterfeit currency notes by those involved in illicit activities. It compelled the RBI to change and upgrade the banknotes with advanced security features. In 2016, the Central Government demonetised all 500 and 1000 denomination notes.

History of Indian Rupee (INR)

During the early 1800s, the colonial British Government exerted increased influence in India. They introduced the Coinage Act of 1835, which led to the standardisation of currency in the country. The new versions of the currency bore the images of William IV on one side and the denomination on the other. 

All coins issued after 1840 bore images of Queen Victoria. The Coinage Act of India, 1906, regulated the minting of coins which is still in effect. The Rupiya was historically a silver coin. During the time, it had major implications as all coins were regulated under the gold standard. 

The advent of World War II led to the silver alloy replacing the usual silver coin. The nickel substituted these coins in 1947. However, the prevailing currency was frozen till February 1950, when the country adopted its constitution. In 1957, India adopted a decimal currency system in which 100 Paisa equals 1 Rupee.

THB to INR Forecast

The table given below forecasts the THB to INR conversion for the financial year 2022-23:

The price of 1 Thai Baht to Indian Rupees is ₹2.32. And the exchange rate for a Baht to Rupees for upcoming months of March and April 2022, is given below: 

Convert THB to INR

Before we continue understanding the conversion process for THB to INR, it is imperative to know where the THB stands in regards to INR. Currently, 1 THB = 2.165 INR. Keeping this in mind, let’s take a look at some examples of the conversion process:

1 THB = 2.32 INR

Example 1: Convert 20 Baht to INR

Using the value as follows:

1 THB = 2.32 INR

20 THB = 20*2.32

20 THB = 46.4 INR

Example 2: Convert 100 Baht to INR

We will use the following value:

1 THB = 2.32 INR

100 THB = 100*2.32

100 THB = 232 INR

Example 3: Convert 500 Baht to INR

Using the value as follows:

1 THB = 2.32 INR

500 THB = 500*2.32

500 THB = 1,160 INR

Example 4: Convert 1000 Baht to INR

We will use the following value:

1 THB = 2.32 INR

1000 THB = 1000*2.32

1000 THB = 2,320 INR

Example 5: Convert 2000 Baht to INR

Using the value as follows:

1 THB = 2.32 INR

2000 THB = 2000*2.32

2000 THB = 4,640 INR

Example 6: Convert 5000 Baht to INR

We will use the following value:

1 THB = 2.32 INR

5000 THB = 5000*2.32

5000 THB = 11,600 INR

Example 7: Convert 5110 THB to INR

Using the value as follows:

1 THB = 2.32 INR

5110 THB = 5110*2.32

5110 THB = 11,855.2 INR

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Example 8: Convert 6128 THB to INR

We will use the following value:

1 THB = 2.32 INR

6128 THB = 6128*2.32

6128 THB = 14,216.96 INR

Differences  Between THB And INR

There are few terms that make THB and INR differ from each other.

THB to INR Conversion Chart

The THB to INR rate as of 24th February, 2022 is as follows:

1 THB = 2.32 INR

You can see values of 1 to 100 THB in the table given below: 

FAQ’s about Convert THB to INR