DollarToday.live

New Zealand Dollar

The New Zealand dollar (Māori: tāra o Aotearoa; sign: $; code: NZD) is the official currency and legal tender of New Zealand including 2 freely associated states of New Zealand (Cook Islands and Niue), 2 dependent territories of New Zealand (Ross Dependency and Tokelau) and a British territory, the Pitcairn Islands. Within New Zealand, it is almost always abbreviated with the dollar sign ($). The abbreviations "$NZ" or "NZ$" are used (outside New Zealand) when necessary to distinguish it from other dollar-denominated currencies. The New Zealand dollar was introduced in 1967. It is subdivided into 100 cents. Altogether it has five coins and five banknotes with the smallest being the 10-cent coin; smaller denominations have been discontinued due to inflation and production costs. In the context of currency trading, the New Zealand dollar is sometimes informally called the "Kiwi" or "Kiwi dollar", since the flightless bird, the kiwi, is depicted on its one-dollar coin. It is the tenth most traded currency in the world, representing 2.1% of global foreign exchange market daily turnover in 2019.

Thai Baht

The baht (; Thai: บาท, pronounced [bàːt]; sign: ฿ or บ.; code: THB) is the official currency of Thailand. It is divided into 100 satang (สตางค์, pronounced [sà.tāːŋ]; sign: st. or สต.). The currency was officially adopted 1238 and continuously issued since. Initially issued in the podduang form, King Rama IV decided to switch to flat coins in 1860. The baht was then decimalized in 1897, before which the baht was divided into 8 fueang (เฟื้อง, pronounced [fɯá̯ŋ]), each into 8 at (อัฐ, pronounced [ʔat̚]), and each into 100 bia (เบี้ย, pronounced [bia]). The issuance of currency is the responsibility of the Bank of Thailand. SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of December 2023. The baht was defined as 15.16 grams (0.4874 troy oz) of silver or gold, which was exchanged at 16:1 ratio. This was the case until the decree of June 29th 1874 which switched the Thai baht to the silver standard, and again in 1908, converting the baht to the gold standard before being completely debased in 1962 with the halt in production of the silver baht coin. The baht was pegged to the spanish dollar from 1856 at a ฿5 to $3 ratio. It was then pegged to the pound at a ฿8 to £1 in 1880 and subsequently several re-pegging to a new ratio. The baht was then pegged to the US Dollar at a ฿20 to $1 ratio along with several re-peg. The baht was forced to float in 1997 causing the asian financial crisis.