How much is $1 US baht?

Excuse me, as a professional practitioner in the field of cryptocurrency and finance, I've encountered a rather unusual query. Could you possibly clarify a rather perplexing point for me? The term "US baht" seems to be a bit of a misnomer, as "baht" is typically associated with the Thai currency. However, I'm assuming you might be referencing a conversion or perhaps a colloquial reference that I'm not aware of. Could you elaborate on what you mean by "$1 US baht" and if it's indeed a valid currency exchange rate or some other financial concept? Clarifying this would greatly assist me in providing an accurate response.