What Is the Currency in Thailand? Currency and Payment

Are you planning to go to Thailand? Once you arrive, you will have to pay for your purchases in baht, the Thai currency. For a stay without unpleasant surprises, it is important to find out about the currency in Thailand (coins and banknotes) and its use (payment, exchange, withdrawals) whether you are in Bangkok, on the islands, or in the jungle.

In this guide, find out everything you need to know about the currency in Thailand to travel with confidence.

What is the currency in Thailand?

The currency in Thailand is the Thai Baht, issued by the Bank of Thailand:

• Its symbol is: ฿
• Its abbreviation is THB (Thai Baht)
• 1 baht can be divided into 100 satangs

Check the up-to-date GBP to THB conversion rate with Western Union.

Note: Originally, the baht was called a tical and was a unit of weight used for precious metals like silver, equivalent to 15.244 g.

What are the notes and coins of Thai currency?

The Thai currency is made up of various coins and notes, ranging from 1 baht to 1000 baht:

• Thai coins: 1, 2, 5 and 10 baht
• Thai tickets: 10, 20, 50, 100, 500 and 1000 baht

Note: while satangs (baht cents) are still in circulation in Thailand, they are very little used.

Send money to Thailand with Western Union

With Western Union, you can send money to Thailand in just a few clicks at a great rate.

How do I pay in Thailand?

You can pay for your purchases in Thailand in several ways: cash, credit card, mobile wallet. While cash payment remains the most common way to pay, payment by credit card is widely accepted in the country, especially in tourist areas.

Pay with cash

Cash is the most common payment method in Thailand, whether for small or large expenses. It is practical to always carry Thai coins and banknotes with you. In particular, take small banknotes when you go out to pay for small purchases (taxis, markets, lunches on the go) and avoid situations where the seller does not have enough change for the exchange.

Having enough cash is also essential if you are traveling to less touristy areas or remote islands where only Thai currency in cash is accepted.

Pay by credit card (credit or debit)

Credit cards are generally accepted in Thailand, especially in large cities and tourist areas, whether in shops, hotels or restaurants.

Before your departure to Thailand, remember to indicate the dates of your stay to your bank, in order to avoid having your bank card blocked on the spot. Take the opportunity to raise the payment and withdrawal limit, to ensure that you can always pay for your purchases. In addition, once you are there, pay attention to the price and the different fees and commissions applied when making your card payments.

Pay by QR code

QR code payment is gradually becoming more popular in Thailand. Indeed, locals are making more purchases with PromptPay, a solution that allows you to make a payment using the application of a participating bank. Some major retailers or shopping malls also accept payments via Apple Pay or Google Pay.

This payment method is available to tourists, if they have an account with a compatible international bank. If this is the case, remember to activate the QR code payment option before your trip.

Note: Thailand is a country where negotiation is an art. While bargaining is not common in convenient stores, at supermarkets and restaurants, you might still be expected to bargain at traditional markets. To negotiate well, remember to first find out about the approximate price of the desired property and to determine the maximum price you are willing to pay. Start the offer at a fairly low price and negotiate until you agree on a fair amount.

The most important thing: keep smiling and stay relaxed. This makes it easier for you to get the price you want, and most importantly, to show your respect for the merchant.

Can I pay in British pounds in Thailand?

It’s very rare, but some hotels or department stores in Thailand might accept payments in British pounds. However, you might be exposed to the risk of mistakes and scams, as the exchange rate is determined at the discretion of the seller, for a conversion that is usually disadvantageous, and the money will be returned in baht. Unless it is an emergency, it is best to pay with Thai currency.

Where can I exchange money in Thailand?

You can exchange your money in Thailand:

• In the exchange offices, which are very numerous in the city (especially to exchange your currency in Bangkok or Phuket)
• At the exchange offices at the airport
• In the banks
• In hotels

Exchange rates might be more benefical at banks and licensed exchange offices in the city than at hotels or airports. If you need to exchange your money at the airport, only exchange a small amount needed for travel and exchange a larger amount once you’re in town.

No matter where you exchange your currency in Thailand, take the time to compare the exchange rates offered, which will vary from one place to another, with each institution applying its own rate. Avoid changing your currency in the provinces or in isolated areas, as rates might be lower than in the city. Similarly, don’t exchange money in Thailand on the street, as you’re more at risk of theft or scamming.

Also consider whether there are commissions or not, and check that there are no hidden fees, to get as much Thai money as possible.

With Western Union you can send money for cash pickup ahead of your travel. This way you can pick a moment with a favourable exchange rate to send the transaction. To collect your Thai baht you can visit any of the numerous Western Union locations in Thailand.

Where can I withdraw money in Thailand?

You can withdraw money in Thailand at an ATM, which might be a convenient way to get Thai baht. You will find many distributors in major cities and tourist areas.

Usually, you can withdraw money from banks, airports, hotels, shopping malls, etc. However, to withdraw Thai currency, it might be beneficial using the ATM of a bank, such as Aeon Bank, Bangkok Bank, Bank of Ayudhya (Krungsri) or Siam Commercial Bank. They mostly accept international bank cards like Visa or MasterCard, and the exchange rate might be more benefical.

Note: each withdrawal involves a commission, in addition to the possible fees of your bank.

Before withdrawing money in Thailand, check that you are in a safe place (bank, shopping mall) and check that the logo of your card network (such as Visa) is accepted. This allows you to avoid scams, card theft or swallowed cards. Don’t forget to withdraw your bank card once the withdrawal has been made. Also, monitor your account activity for any suspicious bank movements.

This blog is provided for general informational purposes only and does not constitute legal advice. While we strive to ensure accuracy, information may change over time. For advice regarding your specific situation, please consult a qualified legal or professional advisor and refer to official sources.