There are many ways for you to get Thai Baht, and you can choose any way convenient for you. Always check the latest exchange rate for Thai currency to USD—or another currency pair—before initiating an international money transfer. The best time to exchange Thai baht depends on the currency exchange rate for itrader review each currency pair, which fluctuates. Like many currencies, Thailand’s currency is available in coins and banknotes. Paper banknotes come in denominations of 20 baht, 50 baht, 100 baht, 500 baht, and 1,000 baht, with 100 baht being the most commonly used.

Explore the latest verified reviews of Odynovo’s travel services on Tripadvisor, Google, Trustpilot, Product Review and more trusted platforms. The prices of hotels in Thailand vary from ฿600 to ฿3000 (approximately 20 to 90 USD) and more. For a 4-star hotel, the price ranges from ฿1500 to ฿3000 (approximately 44 to 90 USD) due to different locations and seasons. For the 5-star hotel and luxury resorts, prices start from ฿3000 (approximately 90 USD) and can go up to several hundred dollars. The cost of a Thailand tour varies in different travel styles, optional activities, and so on.

Instead you may find that the GBP/THB rate you get when exchanging travel cash includes a markup – an extra fee. Usually, having a few different ways to pay and get cash is the best option for travelers and tourists. That’s because you’ll have a back up plan in case one payment method isn’t accepted for any reason, and you can pick the method that’s best suited to the specific transaction. Having a multi-currency card from a provider like Wise or Revolut, plus your normal bank debit card, and some local cash in THB should mean you’ve always got options. This was soon followed by banknotes Etf versus index fund issued by foreign banks. In 1857, Thailand acquired its first minting machine and Thai silver coins began to be minted in the area.

But using US Dollars in Thailand is not so recommended, as you might not get the best exchange rate. Financial CrisisIn 1997, Thailand fell into financial crisis. The Baht lost half of its value prompting the adoption of a floating exchange rate regime. Since the economic collapse, the Thai Baht has stabilized.

Use a travel card on your next trip to Thailand

Tipping is not a common culture in Thailand, but it is appreciated. You can tip off a few dollars as an appreciation of your drivers, tour guides, or the cleaning staff and porters in the hotel. For a fine dinner of two in a mid-range restaurant, it may cost between 500 to 2000 THB (15 to 59 USD). In some inexpensive restaurants or street food, the cost may vary from 210 to 450 THB (6 to 14 USD).

Live Currency Rates

The Thai Baht (THB) has been Thailand’s currency since the 19th century. It was originally a unit of weight for gold and was used as a standard for measuring the value of goods. The baht has been a floating currency since the 1997 Asian financial crisis. Banknotes – 20, 50, 100, 500, 1000 THB and coins – 1, 2, 5, 10 THB; 25, 50 satang. This guide covers all you’ll need to know about the official currency in Thailand, where to get it and how to keep your costs down during your trip. Because the person on Thai Baht cash is the king of Thailand, it is considered offensive to carry money in your back pocket.

Manage your currencies on the go with the Xe app

Unofficially, the Thai Baht is used in Laos, Cambodia, and Myanmar. Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered. Schedule international transfers across 130 currencies in 190+ countries. However, many shops in Thailand display some smaller baht banknotes as a symbol of respect to the king. Check the Thai Baht exchange rate today and convert pounds to Baht before you leave. That way, you can enjoy the Land of Smiles from the get-go.

Or if you prefer an offline solution you can carry some cash in GBP to exchange when you arrive. Currency exchange providers are often in airports and hotels, although the exchange shops in a city center are likely to be cheaper overall. It’s helpful to get to know the live GBP/THB rate so you can easily calculate how much things are costing you while you’re on your trip abroad.

• Unofficially, the Thai Baht is used in Laos, Cambodia, and Myanmar.
• The Thai Baht, originally known as “tical”, has been the currency of Thailand since the 19th century.
• Always do your own research before making any financial decisions.
• The Thai Baht was initially pegged to the British Pound at a fixed rate of 8 TBH to 1 GBP until 1880.
• The currency was originally known as the tical and this name was used in the English area text on banknotes until 1925.

Travel Insurance

Consider the processing time when planning your payment to ensure timely delivery. The iBanFirst Payment Tracker can help you track those payments, and ensure a smooth and efficient payment experience. We compare currency exchange and money transfer services in over 200 countries and territories worldwide. We only display reputable companies which we have researched and approved. The information supplied on this site does not constitute financial advice.

Coinage was streamlined in 1897, when the 11 denominations were simplified into two (satang and baht) under a decimalized silver standard system. For more on understanding exchange rates, consult an exchange rate guide. You can also check with your bank or your favorite money transfer company for current Thai baht exchange rates. You’ll be able to use a travel debit card from a provider like Wise or Revolut to make convenient payments and cash withdrawals and to convert funds online. Order a Wise travel card online or in the Wise app, to hold and exchange 40+ currencies and manage your money from your phone. You’ll be able to spend conveniently in THB – and all currency exchange uses the mid-market rate with no markup.

Or taking in a few different countries after your Thai travels? Please note that rates may vary depending on whether you buy instore, online or by phone. Get great rates for your getaway and experience all Thailand has to offer with help from Sainsbury’s Bank. As we’ve seen, the official currency in Thailand is THB. If you carry GBP with you on your trip, you’ll probably need to exchange it before you can spend. Whether you’re heading there for work or pleasure, you’ll need to know how to pay your way as you travel.

Currency Reference Guide

Other actions that might stain the note, such as stepping on, or throwing away notes and coins, are highly offensive. Taking BTS Skytrain and MRT in Bangkok costs from 24 to 42 THB (0.7 to 1.2 USD). Trains can be a good choice for you to transfer from city to xcritical overview city.

• Depending on the plan you pick you’ll get fixed levels of no-fee ATM withdrawals and mid-market currency exchange every month.
• Card holders get some free ATM withdrawals available every month, and there’s no annual or monthly fees to pay, and no minimum balance requirement.
• Planning for your Thailand tour but have no idea about how to pay in Thailand?

Formerly referred to as Siam, and officially named the Kingdom of Thailand, it boasts a colorful currency called the Thai baht (THB). Continue reading to learn more about the Thailand currency. The Thai Baht, originally known as “tical”, has been the currency of Thailand since the 19th century. It was originally a unit of weight for precious metals and was adopted as the country’s currency with the creation of a decimal system in 1897. If the service charge is not included in the bill, you can tip 10% of your bill.

Whenever you pay with plastic, choose to be charged in the local currency of Thailand. You may be charged a small transaction fee, but the exchange rate between THB and USD is better than you choose to pay in your home currency. Of course, exchange rates fluctuate all the time, so these are just a snapshot of each currency conversion.

You’ll find them at Sainsbury’s stores across the UK, so you can even pick up your currency for your trip to Thailand while doing the weekly shop. You may also see the code THB and the currency symbol ฿. Card holders get some free ATM withdrawals available every month, and there’s no annual or monthly fees to pay, and no minimum balance requirement.