Are you planning a trip to Thailand and wondering what currency is used in the country? The official currency of Thailand is called the Thai Baht (THB). It’s essential to familiarize yourself with Thai currency and its exchange rates before your trip to ensure a smooth and hassle-free experience. In this article, we’ll provide an introduction to Thai Baht, its history, and the best ways to manage your currency while traveling in Thailand.

Thailand’s economy heavily relies on the Thai Baht, and it’s widely accepted throughout the country. So, whether you’re planning to visit the bustling streets of Bangkok or the serene beaches of Phuket, it’s crucial to have a basic understanding of Thai currency.

Let’s dive deeper into the world of Thai Baht and discover how to make the most out of your Thai experience.

Introduction to Thai Baht

Have you ever wondered about the currency used in Thailand? The official currency of Thailand is the Thai Baht, which has been in circulation since 1835. The symbol for Thai Baht is ฿, and it is divided into 100 satang. The currency is regulated by the Bank of Thailand, and its value is influenced by various factors, including the country’s economy and global financial markets.

The History of Thai Baht

The Thai Baht has a long and interesting history. It was first introduced during the reign of King Rama III as a unit of currency to replace the previous barter system. Over the years, the currency has undergone various changes, including its weight, size, and design. Today, the notes feature images of the Thai Royal Family and famous Thai landmarks, while the coins depict important cultural symbols.

An Overview of Thai Currency

The Thai Baht is an important part of Thai culture and economy. It is used for everything from daily transactions to large purchases. The Thailand government sets the exchange rate, which fluctuates daily based on global financial market conditions. The currency is widely accepted throughout the country, and most places will not accept any other forms of payment.

Exchanging Currency in Thailand

When traveling to Thailand, it’s essential to know how to exchange your currency to Thai Baht. There are several options available, including banks, exchange booths, and ATMs.

Using Banks to Exchange Money

One common way to exchange currency is through banks. Most banks in Thailand offer currency exchange services and have competitive rates. However, banks may have limited operating hours, and the process may take longer than other options.

Using Exchange Booths

Exchange booths are abundant in Thailand, particularly in tourist areas. They often have flexible operating hours and offer quick exchange services. However, they may charge higher fees or offer less favorable exchange rates.

Using ATMs to Withdraw Thai Baht

ATMs are widely available throughout Thailand, and most accept foreign debit and credit cards. The exchange rate is usually competitive, although some banks may charge additional fees for foreign card usage. It’s recommended to withdraw larger amounts to minimize fees and avoid frequent trips to the ATM.

Tips for Getting the Best Value

Before exchanging your currency, research the current exchange rates and compare the rates offered by different banks and exchange booths. Avoid exchanging money at airports or hotels, as they often have higher fees or less favorable exchange rates.

Overall, it’s essential to be mindful of the exchange rates and fees associated with each method to get the best value for your money when exchanging currency in Thailand.

Using Thai Baht in Thailand

When traveling to Thailand, it’s important to know how to use Thai Baht for your transactions. Here are some tips for paying with Thai Baht:

Carry Small Bills and Coins

Many vendors and market stalls may not have change for larger bills, so it’s always a good idea to carry smaller bills and coins. You can get these at banks or exchange booths.

Understand Payment Methods

Cash is still the most commonly used form of payment in Thailand. However, credit cards are becoming more widely accepted in tourist areas. It’s always a good idea to carry some cash with you in case of emergencies.

Tipping Etiquette

In Thailand, tipping is not mandatory, but it’s appreciated for good service. The usual amount to tip is 10% of the total bill, but it’s always up to your discretion.


Bargaining is common practice in many markets and street vendors in Thailand. It’s important to be polite and respectful while bargaining. Start by offering a lower price and negotiate from there.

By following these tips, you can confidently use Thai Baht for your transactions in Thailand and have a more enjoyable travel experience.

Managing Currency in Thailand

When preparing for a trip to Thailand, it’s important to plan ahead for managing your currency. The following tips can help ensure a smooth financial experience while traveling.

Carrying Money in Thailand

It’s recommended to carry a mix of cash and cards when traveling in Thailand. While most places accept credit cards, there may be some vendors or markets that only accept cash. Additionally, it’s important to carry smaller bills as some vendors may not be able to provide change for larger denominations.

For safety reasons, it’s recommended to keep cash and cards in separate locations, such as a money belt or different pockets. Avoid carrying large amounts of cash in public areas and be aware of your surroundings when withdrawing money from ATMs.

Foreign Currency Restrictions

Travelers are allowed to bring in an unlimited amount of Thai Baht, but the amount of foreign currency allowed to be brought into the country is limited to 50,000 USD or its equivalent. Any amount exceeding this must be declared upon arrival.

It’s recommended to exchange foreign currency into Thai Baht at authorized exchange booths or banks to ensure a fair exchange rate. Avoid exchanging money with street vendors or unofficial exchange services.

Managing Currency through Credit Cards

Using credit cards can be a convenient way to manage currency in Thailand, but it’s important to check with your bank regarding any foreign transaction fees or limitations on card usage. Some vendors may also charge an additional fee for credit card transactions, so it’s best to confirm beforehand before making a purchase.

Notify your bank of your travel plans to avoid any issues with card usage abroad and keep a record of your credit card information in a secure location in case of theft or loss.

By following these tips for managing currency in Thailand, travelers can ensure a stress-free financial experience and focus on enjoying all the country has to offer.


Now that you have learned about the Thai Baht and the currency in Thailand, you are better prepared for your trip. By understanding the value and denominations of the Thai Baht and the various options for exchanging currency, you can ensure that you get the best value for your money.

Tips for Using Thai Baht in Thailand

Remember to handle Thai Baht with respect and understand customs and etiquette when paying for goods and services. Be aware of different payment methods and always carry a mix of cash and cards for additional flexibility.

Stay Safe and Avoid Scams

While traveling in Thailand, make sure to manage your currency effectively and avoid becoming a victim of scams. Keep your cash and cards secure and only exchange currency at reputable providers.

In conclusion, taking the time to familiarize yourself with the Thai Baht and the currency in Thailand will enhance your experience and make your trip more enjoyable. Safe travels!