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Check out our Thai Baht exchange rates

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History of the Thai Baht

Established in 1897, the Thai baht (denoted as THB) is a decimalized currency that was originally developed by the country's Prince Mahisorn and introduced during the reign of King Chulalongkorn. The baht began to slowly devalue when it was pegged to the US dollar between World War II and 1980 at an exchange rate of $1 USD to 20 THB. Thus it was pegged again at 25:1 until the Asian financial crisis occurred in July 1997. Although this crisis was a result of events in Latin America, Thailand was hit hardest among the Asian countries affected when investors in the West lost confidence in East Asian securities. As Thailand recovered from the crisis the government elected to place the baht on a floating exchange rate that effectively cut its value in half.

Historical British Pound Sterling to Thai Baht Conversion Rates

The Thai baht experienced a significant decrease in its conversion between 1949 and 1950, with the rate going from 80.477 to 62.549 GBP to THB in the space of one year. This marked a continuing decline in conversion rates over the next 15+ years, although none were near so dramatic. In 1968, however, another significant drop occurred, this time with the conversion rate falling from 57.442 to 49.920 GBP in one year. The conversion rate again stabilized and experienced only minor declines over the six years until this process repeated itself again with yet another decline by almost 10 by 1976, during which year the rate dropped to 36.675 GBP to THB before stabilizing again around 1986 and experiencing insignificant shifts over the course of the next seven years. This change-and-stabilization scenario played out once more before the end of the Twentieth century, although this time it was marked by an increase rather than a decrease, with the rate rising to 60.690 GBP to THB in 2000.

Convert GBP to THB - Recent Currency Exchange Rates

Following the end of the Asian financial crisis in the late Twentieth century, the Thai government implemented the floating exchange rate that halved the baht's value to its lowest ever rate. Eventually the rate stabilized again and has remained as such since that point. While the conversion rate to British pounds has not remained so stable, it has not experienced such dramatic shifts as it did in years past, at least not until 2008. During that year the average conversion rate fluctuated wildly, ranging from 50.07231 to 66.66762 GBP to THB over the course of time. This year, however, the conversion rate shows signs of stabilizing again as it slowly rises, averaging about 53 GBP to THB to date.

Today's Thai Baht exchange rates

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Currently we are only accepting payments in Pounds Sterling from UK residents.