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About New Taiwan dollar
The New Taiwan dollar, or the Taiwan dollar, is the official currency of the Republic of China. Usually, the $ sign precedes the amount, but NT$ is used to distinguish from other currencies named dollar. The New Taiwan dollar has been the currency of the island of Taiwan since 1949, when it replaced the old Taiwan dollar, at a rate of 40,000 old dollars per one new dollar. The base unit of the New Taiwan dollar is called a yuan, subdivided into ten jiao or 100 fen, although in practice neither jiao nor fen are used.
There are a variety of alternative names for the units in Taiwan. The unit of the dollar is typically informally written with the simpler equivalent character as 元, except when writing it for legal transactions such as at the bank, when it has to be written as the homophonous 圓. Colloquially, the currency unit is called both 元 and 塊 in Mandarin, 箍 in Hokkien, and 銀 in Hakka.
The Central Bank of the Republic of China has issued the New Taiwan Dollar since 2000. Prior to 2000, the Bank of Taiwan issued banknotes as the de facto central bank between 1949 and 1961, and after 1961 continued to issue banknotes as a delegate of the central bank. WikipediaAbout Thai Baht
The baht is the official currency of Thailand. It is divided into 100 satang. 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 then the baht was divided into 8 fueang, each of into 8 at, and each into 100 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 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. Wikipedia