Thailand Money Basics: Currency, Exchange Rates, and Budgeting Tips
Thailand is a fantastic destination known for its rich culture, stunning landscapes, and delectable cuisine. Whether you’re planning a luxury getaway or a budget trip, understanding the local currency, the Thai Baht (THB), is essential for managing your expenses effectively. This guide will cover all the key information you need to know about Thailand money, from currency denominations to payment options, exchange rates, and budgeting tips.
Written by Preetika Narula (Local Expert)
Updated on Nov 03, 2025
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At 29 years old, Preetika is an enthusiastic explorer deeply connected to Thailand, Laos and Cambodia's rich heritage. As a Bangkoker, her local insights and experiences imbue authenticity into her narratives. She discovers solace within the pages of a book as much as amidst Southern Asian vibrant landscapes and bustling street markets. With an ardent passion for travel and a profound affection for literature, Preetika effortlessly integrates her personal adventures into captivating stories, providing a perspective uniquely rooted in local experience.
Thailand’s official currency is the Thai Baht (THB), and it’s used across the country for all types of transactions. The currency is subdivided into 100 satangs, but satangs are rarely used in day-to-day purchases.
The Thai Baht exchange rate fluctuates, so it’s wise to check the current rates before your trip. As of March 2025, 1 US Dollar equals approximately 35 baht, while 1 Euro equals about 38 baht. This guide offers helpful insights to manage your money efficiently during your stay in Thailand.
Thai Baht (THB)
US Dollars (USD)
1 THB
~$0.03
10 THB
~$0.30
50 THB
~$1.50
100 THB
~$3.00
500 THB
~$15.00
1000 THB
~$30.00
5000 THB
~$150.00
A Brief History of Thailand’s Currency
The Thai Baht has a long history, deeply rooted in the country’s trade and economic system. Over the years, the baht has evolved in design and security features, with the modern banknotes featuring images of King Maha Vajiralongkorn. The obverse side of each note displays the monarch, while the reverse side often highlights important cultural or historical elements.
The modern banknotes featuring images of King Maha Vajiralongkorn
2. Best currency to bring to Thailand
The US Dollar (USD) is widely accepted for many services like accommodation and travel bookings, especially in tourist-heavy areas. However, when dealing with local vendors, markets, and rural areas, it’s essential to use Thai Baht. It’s always wise to carry a combination of Thai Baht and USD for smooth transactions.
The US Dollar (USD) is widely accepted for many services like accommodation and travel bookings
3. Exchanging currency in Thailand
When it comes to exchanging Thailand currency, there are various options. You can do it at banks, currency exchange offices, hotels, and airports. Suvarnabhumi Airport has ATMs available in the Baggage Claim Hall after Immigration. They’re great for getting cash for taxis, snacks, or city exploration. However, the best exchange rates are generally offered at banks and independent exchange counters located in city centers.
Key Locations to Exchange Money:
Banks and exchange offices in major cities
ATMs, especially those in urban areas
Currency exchange services at airports (though the rates may be less favorable)
Good to know: Most ATMs charge a withdrawal fee of around 220 baht (US$7). Exchange a small amount at the airport for immediate needs and then use a roadside booth in the city for better rates. For the best exchange rates, visit Super Rich or use Revolut if you have cash.
While cash (Thai Baht) is the most widely used payment method in Thailand, accounting for over 80% of transactions, despite a decline in usage, especially for smaller purchases. International credit and debit cards like Visa, MasterCard, and American Express are also accepted in larger businesses, hotels, and restaurants. However, credit cards are preferred over debit cards for larger transactions.
4.1 Using Cash in Thailand
For smaller vendors, local markets, and street food, cash in Thai Baht is king. Always carry smaller denominations like 50 baht or 100 baht notes, as many vendors won’t have enough change for larger bills like 500 or 1000 baht.
4.2 Using Cards in Thailand
Most mid-range and high-end hotels, restaurants, and shops in urban areas accept credit cards. However, small businesses in rural areas may not accept cards, so it’s best to carry cash when traveling outside major cities.
Payment For
Card
Cash
Taxis
Sometimes (via booking apps)
Yes
Tuk-tuks
Sometimes (via booking apps)
Yes
Supermarkets
Yes
Yes
Museums, galleries, temples
Usually
Yes, often preferred
Public transport
Varies by transport type
Yes
Cafés and restaurants
Available in larger cities
Yes
Markets
Sometimes (in larger cities)
Yes, often preferred
5. Managing your budget: How much to carry?
Thailand is renowned for offering experiences that cater to all types of budgets. On average, a traveler can expect to spend around 1200 to 1500 baht per day, covering accommodation, meals, and transportation. For safety, it’s recommended not to carry more than 20,000 baht in cash at a time (about $570 or €540). (Also read: How Much Does It Cost to Travel to Thailand?)
Thai massage combines the principles of yoga with massage techniques
6. Fake baht? Avoiding scams and frauds, practical tips
While Thailand is generally a safe destination for tourists, it’s important to stay vigilant when dealing with money. Here are some tips to avoid scams:
Always count your change carefully, especially in markets and smaller shops.
Be cautious of counterfeit bills. Inspect the watermark and texture of larger bills, especially 500 and 1000 baht notes.
Avoid street vendors offering exchange services, as their rates are often inflated.
At markets, it’s common practice to negotiate prices for items, especially for fresh produce and souvenirs. Start by offering a lower price and negotiate from there.
Tipping is appreciated but not required, as it's not originally part of Thai culture. However, leaving a bit extra for service staff or taxi drivers is a kind gesture.
Respect for Thai money is crucial since it features images of the royal family. Avoid scribbling on or stepping on bills. Always handle money carefully and respectfully.
Noi dungGood to know: To identify counterfeit Thai Baht notes, look closely at the bottom left corner of each bill. You'll find a series of Arabic numbers hidden within the intricate design.
To reveal these concealed numerals, start from the bottom left and move your gaze toward the center of the note.
Fake 1,000 baht notes everywhere at Thai market
7. Where to withdraw money: ATM access in Thailand
ATMs are widely available in cities, airports, and tourist hubs, making it easy to withdraw Thai Baht. Most ATMs accept international cards, but be mindful of the 200 baht transaction fee that’s applied to every withdrawal. Additionally, your home bank may charge its own fee for foreign transactions. ATMs in rural areas may be limited, so plan accordingly when traveling outside the city.
Understanding Thailand currency and managing your budget effectively will allow you to focus on enjoying your trip. Always check the Thai Baht exchange rate before leaving and have a mix of cash and cards to cover all expenses. Whether you’re exploring bustling Bangkok or the serene islands, being prepared will ensure your trip is smooth and stress-free.
With this guide, you now have everything you need to know about Thailand money. From understanding the Thai Baht exchange rate to knowing where and how to exchange your currency, you’ll be able to enjoy your trip with confidence. Keep these tips in mind and make the most of your adventure in Thailand!
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