The Thai Baht is the official currency of Thailand, symbolized as ฿ and abbreviated as THB. It is subdivided into 100 satang. The Baht has been in use since the 19th century and is issued by the Bank of Thailand, the country's central bank. The value of the Baht can fluctuate based on various economic factors, including inflation, interest rates, and trade balances. It is widely used in Thailand for everyday transactions, and foreign exchange markets also trade the Baht, making it an important currency in Southeast Asia.