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There are two systems of telling time in Thailand. Official time follows a 24-hour clock. The 24-hour clock is commonly used in military, aviation, navigation, meteorology, astronomy, computing, logistical, emergency services, and hospital settings, where the ambiguities of the 12-hour clock cannot be tolerated.
Thailand follows UTC+07:00, which is 7 hours ahead of UTC.The local mean time in Bangkok was originally UTC+06:42:04. [1] Thailand used this local mean time until 1920, when it changed to Indochina Time, UTC+07:00; ICT is used all year round as Thailand never observed daylight saving time.
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 .
Currency ISO 4217 code Symbol or Abbrev. [2]Proportion of daily volume Change (2019–2022) April 2019 April 2022 U.S. dollar: USD $, US$ 88.3%: 88.5%: 0.2pp Euro
This is an accepted version of this page This is the latest accepted revision, reviewed on 1 February 2025. Economy of Thailand Bangkok, the commercial hub of Thailand Currency Thai baht (THB, ฿) Fiscal year 1 October – 30 September Trade organisations WTO, APEC, IOR-ARC, ASEAN, RCEP Country group Developing/Emerging Upper-middle income economy Newly industrialized country Statistics ...
The one baht note was replaced by a coin in 1957 and the five baht was replaced in 1972. 50 baht notes were again reintroduced in 1985, with the 10 baht note replaced by a coin in 1988. The EURion constellation has been used on the reverse of 100 and 1000 baht notes since 2003.
The one-baht coin is a denomination coin of the Thai baht, the Thai currency unit. Like all coins in Thailand, its obverse features the King of Thailand, ...
Thus, for example, the wind forecast for Abilene (ABI) at 30,000 feet, shown above as 7603, indicates a forecast wind of 260 degrees at 103 knots (76-50=26 or 260, and speed became 100+03=103). This forecast is now made four times a day based on 0000Z, 0600Z, 1200Z, and 1800Z data (the Z stands for Zulu and indicates Coordinated Universal Time ).