The currency of Thailand is the Thai Baht. Paper baht comes in denominations of 10 (brown), 20 (green), 50 (blue), 100 (red), 500 (purple) and 1000 (beige). Coins include 25-satang and 50-satang pieces and baht in denominations of 1, 2, 5 and 10. There are 100 satang in one baht.
Thai Baht is accepted everywhere and currency exchange booths are available around Bangkok in banks across Thailand. While major credit and debit cards are also accepted in most establishments and shopping centers, there are occasionally additional fees from both the retailer and your card provider. Travellers cheques can be cashed at most banks throughout Thailand though less so at retail establishments.
Banks or legal money-changers offer the best rates. ATMs that accept Visa and other credit cards are easily found in the large cities and will provide you Thai currency, while many exchange booths will give you a cash advance on your credit card with a good exchange rate, though they will levy an extra fee.
Business hours for Commercial Banks, Currency Exchangers & Money Changes are generally as follows: –
9.30 a.m. – 3.30 p.m.
Everyday expect Saturday and Sunday, which are bank holidays;
Currency Exchange Service:
8.30 a.m. – 10.00 p.m. every day;
Authorized Money Changers in hotels:
24 hour service;
Usually, fixed prices are the norm in department stores, while bargaining is expected at most other places. Generally, you can obtain a final figure of between 10-40% lower than the original asking price. Much depends on your skills and the shopkeeper’s mood. But remember, Thais appreciate good manners and a sense of humour. With patience and a broad smile, you will not only get a better price, you will also enjoy shopping as an art. It is frowned upon if the vendor accepts your price and then you decline the sale.