Money in Bangkok (Thai Baht)

Thai Baht (THB, ฿, บาท) is the currency of Thailand and it is divided into 100 Satang (สตางค์).

You can check today’s exchange rate here.

Things you should know about money in Bangkok

Types of Thai Baht

There are 4 types of Banknotes; ฿20, ฿50, ฿100, ฿500 and ฿1000. It’s good to have ฿20, ฿50, ฿100 in your pocket as many places don’t give changes to ฿500 and ฿1000.

For coins, there are 6 types; ฿10, ฿5, ฿2, ฿1, 50 Satang and 25 Satang (100 Satang equals ฿1). You will probably have to use the first 4 types more often than you think but for the last two, it will be very rarely.

Exchanging Cash in Bangkok

You can exchange cash at any Banks or at any of their counters. Kasikorn Bank and Bangkok Bank normally give the most competitive rates comparing with others.

If your transaction is small, exchanging cash with banks is a good option as they have many branched and it will be convenient for you. However, it would be better to go to currency exchange services like SuperRich if you transaction is large or you are close to the stores. They normally give better rates.

ATM

You can easily find ATMs in Bangkok, especially in Bangkok City Center. They accept both debit and credit cards from major banking networks; VISA, Master Card, AMEX and others.

You will be charged for 180 Thai Baht when you withdraw cash from ATMs with foreign debit and credit cards.

The maximum amount of money you can withdraw each time is 20,000 Thai Baht.

Money at the airports

After landed, you probably need Thai Baht to pay for taxi, bus or Airport Rail Link. Below are the suggestions on money at the airports.

Suvarnabhumi airport

There are 2 banks that are operating at Suvarnabhumi airport; Siam Commercial Bank and Kasikorn Bank. You can either exchange cash from their counters or withdraw money from ATMs around Suvarnabhumi airport.

Rates from banks are normally not the best. Therefore, it is recommended for you to go down to the B floor (Airport Rail Link Floor) to exchange cash with other currency exchange services as they normally give better rates. There are 3 companies operating at Suvarnabhumi airport; SuperRich, Value+ and Yenjit Exchange. They are located very near each other so you can easily check out who gives the best rate.

Donmueang Airport

There are 3 banks that are operating at Donmueang airport; Krung Thai Bank, Siam Commercial Bank and Kasikorn Bank. They are located on the 1st floor, outside terminal 1.

There are also plenty of currency exchange services from banks and ATMs on the 1st and 3rd floor inside and outside terminal 1.

Bangkokbits' Tips on Thai Money

1. If you need cash from ATMs, it is recommended to withdraw from ATMs located in places like shopping malls, BTS, MRT or banks. This is to avoid card skimmers.

2. If you only have large money (฿500 and ฿1000) and no one accepts that, go to Seven-Eleven (the most famous convenient store brand in Thailand with more than 500 branches in Bangkok) and buy something. They are going to give change to you even your purchase is just ฿5.

3. It is recommended not to exchange cash at hotels as they normally give poor exchange rates.

4. It’s very easy to find ATMs here in Bangkok. You don’t need to bring too much cash from your home country.

5. If you experience some difficulties like your money got stolen, do ask Thai people for help. If one ignores you, just talk to other people around there and you will definitely get help from someone. Thai people are friendly and generous, especially with foreigners 🙂

6. Apart from Thai Baht, some famous tourist spots accept famous currencies like US Dollar, EURO, Pound Sterling and Chinese Yuan Renminbi but exchange rates will be very low.