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I Heart (Love) Baht Tea Towel
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I Heart (Love) Baht Tea Towel
The Baht is the currency of Thailand. It is subdivided into 100 Satang.
The baht, like the pound, originated from a traditional unit of mass. Its currency value was originally expressed as that of silver of corresponding weight (now defined as fifteen grams), and was in use probably as early as the Sukhothai period in the form of bullet coins known in Thai as phot duang. These were pieces of solid silver cast to various weights corresponding to a traditional system of units related by simple fractions and multiples, one of which is the baht.
In 1902, the government began to increase the value of the baht by following all increases in the value of silver against gold but not reducing it when the silver price fell. Beginning at 21.75 baht = one British pound, the currency rose in value until, in 1908, a fixed peg to the British pound was established of 13 baht = one pound. This was revised to 12 baht in 1919 and then, after a period of instability, to 11 baht in 1923. During World War II, the baht was fixed at a value of one Japanese yen.
From 1956 until 1973, the baht was pegged to the U.S. dollar at an exchange rate of 20.8 baht = one dollar and at 20 baht = 1 dollar until 1978. A strengthening US economy caused Thailand to re-peg its currency at 25 to the dollar from 1984 until July 2, 1997, when the country was stung by the Asian financial crisis. The baht was floated and halved in value, reaching its lowest rate of 56 to the dollar in January 1998. It has since risen to about 30 per dollar.
The baht was originally known to foreigners by the Malay/Portuguese term, tical, which was used in the English language text on banknotes until 1925.
Funny Southeast Asian Humour ~ I Heart (Love) Baht (Thai Money).
Our store has a great selection of T-shirts, caps, mugs and much more, all with designs inspired by the Isaan dialect and Thai language.
Customer Reviews
4.8 out of 5 stars rating1.2K Total Reviews
1,206 Reviews
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5 out of 5 stars rating
By Shirley H.6 September 2024 • Verified Purchase
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I was delighted with the beautiful tea towels, the design looked really lovely. I adore garden ponds and these towels and other products I ordered with the same design will bring me so much pleasure. My garden is too small for a real pond. If you love ponds and wildlife this design is for you!
5 out of 5 stars rating
By Pauline J.1 December 2022 • Verified Purchase
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Really good quality, I like it a lot. Would recommend, a great gift idea.
5 out of 5 stars rating
By C.23 May 2014 • Verified Purchase
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Zazzle Reviewer Program
They absorb so well and wash up really nicely not losing their colour at all. They are expensive but in my opinion they are well worth the money. Yes they turned out perfectly to match my new kitchen
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Product ID: 197348295556360153
Created on 05/06/2013, 13:13
Rating: G
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