Thailand Currency Exchange
Thailand is a popular tourist destination known for its beautiful beaches, rich culture, and delicious food. However, before travelling to Thailand, it's important to understand the country's currency and how to exchange it. Here, you will find everything you need to know about currency exchange in Thailand while planning your Thailand package from India.
The Currency in Thailand
The currency of Thailand is the Thai baht (THB), which is divided into 100 satangs. The baht is the official currency of Thailand and is widely accepted throughout the country, from large cities to remote villages. It is also accepted at many tourist destinations and hotels.
Coins come in denominations of one, two, five, and ten baht, as well as 25 and 50 satang. Thai banknotes are available in different denominations of 20, 50, 100, 500, and 1,000 baht. The banknotes are printed with images of the King of Thailand and various landmarks, historical sites, and cultural symbols.
Thailand Currency Exchange Rates
The exchange rate for the Thai baht can fluctuate, so it's important to check the current rate before exchanging your currency. You can easily find the current exchange rate online or at a currency exchange booth. It's also important to note that the exchange rate may vary slightly between different exchange booths, so it's a good idea to shop around for the best rate.
Here is the exchange rate as of 2023:
| Thai Baht | 1.00 THB |
| US Dollar | 0.028631 |
| Euro | 0.026160 |
| British Pound | 0.022660 |
| Indian Rupee | 2.384225 |
| Australian Dollar | 0.042442 |
| Canadian Dollar | 0.038245 |
| Singapore Dollar | 0.038084 |
| Swiss Franc | 0.024690 |
| Malaysian Ringgit | 0.133221 |
| Japanese Yen | 4.098377 |
Where to Exchange Currency in Thailand
Tourists can exchange currency in Thailand at banks, which are widely available throughout the country, as well as at exchange booths located at popular tourist destinations such as Thailand airports, shopping malls, and hotels.
Banks usually have the most reliable exchange rates and can exchange a wide variety of currencies. Some of the major banks in Thailand include Bangkok Bank, Kasikorn Bank, and Siam Commercial Bank. Visitors should be aware that banks may charge a commission or fee for currency exchange.
Exchange booths are also a popular option for currency exchange in Thailand. Super Rich and Vasu Exchange are two of the most popular exchange booths in the country, with multiple locations in major cities such as Bangkok and Chiang Mai. Visitors should be aware that exchange rates at booths may vary and may not be as favourable as those offered by banks.
It's always a good idea to compare exchange rates and fees before exchanging currency in Thailand. Visitors should also be cautious when exchanging money with street vendors or unlicensed exchange booths, as they may offer unfavourable rates or attempt to scam customers.
The pro tip will be that you should research the options to find the most reliable and cost-effective method for their needs
Tips for Exchanging Currency
- It's best to exchange your currency in Thailand rather than in your home country. You'll typically get a better rate in Thailand.
- Avoid exchanging currency at hotels, as they often have higher fees and less competitive rates.
- Be sure to count your money before leaving the exchange booth or bank to ensure you receive the correct amount.
- It's a good idea to have some small bills on hand for smaller purchases, as some vendors may not have change for larger bills.
Using Credit Cards and ATMs
Credit cards are generally accepted in Thailand, especially in larger cities and popular tourist areas. However, it is recommended to carry some cash for smaller transactions or in case of emergencies. Be sure to notify your bank as you book your Thailand trip package to avoid any issues with using your card abroad.
ATMs are also widely available in Thailand, but be aware that they may charge additional fees for international transactions. It's best to check with your bank before traveling to see if they have any partnerships with banks in Thailand that may offer lower fees.
By understanding the currency in Thailand and following these tips for exchanging money, you can ensure a smooth and hassle-free trip. Remember to always check the current exchange rate and shop around for the best rate. With this guide, you'll be well-prepared to handle currency exchange in Thailand. Have a great trip!
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The currency of Thailand is the Thai Baht (THB).
The symbol for the Thai Baht is ฿.
Thai Baht comes in denominations of ฿20, ฿50, ฿100, ฿500, and ฿1000.
Currency exchange can be done at banks, exchange booths, and hotels in Thailand. It's recommended to avoid exchanging currency at airport kiosks or on the streets.
It's generally better to exchange currency in Thailand, as you will get a better exchange rate. However, it's recommended to exchange a small amount of money before your trip to cover immediate expenses.
Credit cards are widely accepted in major cities and tourist areas in Thailand. However, it's recommended to carry cash for smaller purchases and in more rural areas.
Some businesses may charge a fee for using credit cards in Thailand. It's recommended to check with the business before purchasing with a credit card.
Yes, you can withdraw Thai Baht from ATMs in Thailand. Please be aware that certain ATMs might impose a fee for foreign transactions.
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