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THAILAND (THB) THAI BAHT

The Baht is the official currency of Thailand and its international currency code is THB. It is divided into 100 satang. The currency was originally known as tical but by the 19th century it began to be called the baht.

Currently in circulation

Coins that are in circulation at present are in the denominations of 25 and 50 satang, 1, 2, 5 and 10 baht. Although the 1, 5 and 10 satang coins are legal tender, they are hardly seen in circulation. Banknotes are available in the denominations of 20, 50, 100, 500 and 1000 baht with 10 baht is rarely in circulation.

Exchange facilities and traveller’s cheques

It is easy to change foreign currency in Thailand. The Bangkok airport has exchange counters as you come into the arrival hall. You can get the best exchange rates here and as there are tourists coming in from all parts of the world, it is easy to change every type of currency here. Apart from this there are several exchange offices in the tourist areas offering competitive rates.

Traveller’s cheques are also easily cashed and fetch a better rate when compared to cash. However, there is a transaction fee on every traveller’s cheque cashed. It is best to take US dollars traveller’s cheques.

Using credit/debit cards

ATM and credit cards are an easy option for withdrawing Thai baht and they also give you a better exchange rate. Thai ATM’s do not have any numbers on the buttons so you have to be careful of what you are entering in. Another drawback is that some of the ATM’s do not accept international cards while some might display the symbol and yet not accept the card. Cirrus and Plus cards are more popular in Thailand.

Restrictions

There is no restriction on the amount of Thai currency that you can import into Thailand. However, you cannot export more than 50,000 Baht out of Thailand unless you are travelling to Myanmar, Laos, Cambodia or Malaysia on which circumstances you may be allowed to take an excess of up to 500,000 baht.

There is no limit to the amount of foreign currency that you can import into Thailand. Money drafts and traveller’s cheques have to be cashed into baht within 15 days of arrival. Tourists are allowed to take back all the foreign currency they had brought into Thailand.

Thailand: An overview

Thailand is a fascinating country with scenic and cultural assets that draw people towards it. Its capital city Bangkok is full of surprises with its stunning skyscrapers, exotic shopping malls, bustling street markets, entertaining nightlife and the numerous Buddhist ‘wats’ temples that reflect the cultures of Thailand. Apart from this there are wonderful beaches and glimpses of natural beauty that can be found in the country.

The cost of living in Thailand is considerably low when compared to some of the European countries, but the amenities available to tourists are quite modern. Eating out is very cheap in Thailand. The cost of a proper meal at a good restaurant will cost between 60 baht/$1.67/£1.17/Є1.33 to 100 baht/$2.79/£2/Є2.22 per person.

 
Latest Rates (Transfers Only)
Last updated: 03-04-2012
Great British Pound
GBP
US Dollar
USD
1.6011
great british pound
GBP
euro
EURO
1.1995
euro
EURO
great british pound
GBP
0.8335
euro
EURO
US Dollar
USD
1.3343
great british pound
GBP
Japanese Yen
JPY
131.46
great british pound
GBP
Australian Dollar
AUD
1.5445
great british pound
GBP
New Zealand Dollar
NZD
1.9498
great british pound
GBP
South African rand
ZAR
12.273
great british pound
GBP
Swiss franc
CHF
1.4459
great british pound
GBP
Canadian Dollar
CAD
1.5885
great british pound
GBP
Singapore dollar
SGD
2.0051
great british pound
GBP
Thai baht
THB
49.294
great british pound
GBP
Hong Kong dollar
HKD
12.445
great british pound
GBP
Turkish lira
TRY
2.8492


The rates shown above are "inter bank" exchange rates and are not the rates that you will be offered by Currency Today. Your rate will be determined by the amount of currency that you are buying.
Please complete the 'Quote Me' form or call for a live quotation. The quotes are updated regularly throughout the day.

Please click the 'Holiday Money' tab for holiday money or cash transactions.




 

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