Thai money

CONTENTS OF ARTICLE ( you can click on the link for quick transition)

• Thai money – banknotes and coins
  

• Exchange rates in Thailand
  

• What currency to take to Thailand?
  

Thai money – banknotes and coins

Currently in Thailand used paper notes only five denominations: 20 baht (in the design of banknotes is dominated by green color), 50 baht (note blue), 100 baht (in the design of banknotes is dominated by red color), 500 baht (purple banknote) and the largest banknote has a nominal  of 1000 baht (in the design of which used shades of brown). For a better perception of the thai money, below I posted pictures of them, which clearly demonstrated how look  is the paper money in Thailand and the Thai coins.

Thai money – Thai baht – face sides of banknotes

From the metal coins you likely will use only Thai baht – from 1 to 10. Coins in one and five Thai baht have same silver color, but a 5 THB  coin much larger. Also because this coin have the original coinage, where the image of King is hosted in polyhedron, a coin at first glance does not seem round and faceted. I sure, that 2 THB coin you will meet much less frequently than THB 1, and you can see on photo that they made of yellow metal. The largest of the thai coin (biggest thickness and diametr) – 10 THB, bimetallic, ie It is made of two metals: the most part, located in the center – yellow, and on the edge of the ring of silver metal.

Thai Baht coins (1, 2, 5 and 10) – this is not the smallest of money in Thailand, because one Thai Baht is divided into 100 satang. Now small coins go into satang 25 and 50, while both have a reddish-brown hue. However, the probability that you can see and use these small coins during normal tourist trip to the Land of Smiles for up to 2 weeks, not too high, because virtually all prices in shops and in the markets for a long time is rounded up to the baht.

Thai money – Thai baht – the reverse side of the banknotes

Sometimes in 7Eleven stores you can get delivery of the smallest of the Thai coins, but it really small money and to buy something you can not, so these small coins, therefore for many tourists this small coins remain as original Thai souvenirs. By the way, the first time can be very unusual that the Thai metal coins minted in the same manner as US coins: to view the reverse side of the coin it is necessary to turn it vertically, ie top-down or bottom-up, rather than horizontally, as is customary in many other countries.

Exchange rates in Thailand

During the process of planning a trip to Thailand, you have to remember that only the national currency is accepted for payment in the country (with a few exceptions, about which i will talk about later), so the information on the current exchange rates in Thailand will not be superfluous. Find out this information not difficult: you can use the special exchange calculator below this text, which can quickly recalculate the amount available in the US dollar on Thai Baht, as well as learn reverse course, ie, transfer price of the product or service that is listed in the local money to USD Exchange-to-date. In addition, you can select any other currency you are interested in the pull-down menu (the British pound, Australian or Canadian dollar, etc.) and learn its course over the Thai baht today.

Currency Calculator

If you are just interested in the exchange rate in Thailand at the moment, this information can be obtained from the following tables placed, the information which is periodically updated with one of the largest banks in Thailand – SCB Bank. The date and time of last update currency exchange rates can be seen in the table itself, in its last line. In the exchange offices of other banks in the country, located in the resorts, the exchange rate may be slightly different, but not so much that it will have a significant impact on the budget of your holiday in Thailand. As you can see, in the table is present  most popular world money. If you can not find here money of your country – you can click “More” at the bottom of the table and see the whole exchange rate tables on the website of the bank.

If you are going to exchange money in Thailand for the local currency, you should know that not all exchangers the exchange rate the same. By long tradition of tourist countries, the exchange rate at the airport most disadvantageous for foreigners. All banks use the fact that tourists need local money, at least in order to get from Bangkok airport to Pattaya by bus or a snack at the airport, so the artificially low rate of purchase of foreign currency. Also, do not differ profitable course exchangers located on the territory of hotels and guesthouses. At first glance, the difference is not very significant, but personally I prefer not to lose during exchange money  80-100 THB from every $ 100, because  it’s the cost of dinner at a local café or two bottles of tasty cold thai beer.

Each bank in Thailand sets its exchange rate for the offices located at a particular resort, so often the exchange rate in Thailand in two adjacent exchangers varies. Want to gain more THB – bypass several exchangers and choose the best course. Exchangers lot (in tourist areas), so you not need lose many time for looking. And very convenient that many exchangers work late, even in night time. Earlier, I preferred to exchange currency on Walking Street in Pattaya, where i know one point of exchange with an excellent exchange rate  (the first exchanger to the right, if you follow by Walking Street from the Beach Road Entrance through the automatic sliding glass door. But later I found a lot of other great . places for exchange currency in Thailand in various areas of Pattaya and other Thai resorts. Just look – and you will find!

What currency to take to Thailand?

When planning a vacation in Thailand, you should know, and that the Thai baht exchange rate fairly stable in recent years, but slight variations are observed on a daily basis. In addition, some savings can be achieved if you will take in your travel a large banknotes. First of all, this relates to the US dollar (USD). As a rule, all banks are put up on the scoreboard just three dollar buying rate: the lowest (unfavorable for you) for banknotes $1 and $2,  a little more favorable for banknotes in $5, $10 and $20, and the most profitable for the banknotes of 50 and 100 USD.

What’s interesting, for other world currencies, including the Euro, this separation does not exist. You should also know that US dollars issued do not take in street exchange offices until 1996, so it is best to leave them at home or exchanged for a new trip before. Problems can arise with the sale of banknotes of 2004 (which this year is specified). And i have some information, that better not use banknotes USD, that was made in 1998 year, but in practice i am not tested, because I have all the banknotes were from 2006.

I must remind you that all the Thai money like coins and banknotes have the image of Thai King, so treat them should be carefully (at least in the presence of Thai people). You do not need to throw thai money to the ground, you must not make drawings on banknotes (for example, draw a mustache for the king), etc. And in any case, do not step on the money because because of the great love to his monarch,  thai people may start the beat you, and then open a criminal case for the desecration of the King. It is possible, and nothing terrible will happen, but is it worth risking your freedom? Probably heard the story of a drunken russian tourist, which  is something painted on the King on a street poster, and then for it was a severe punishment by deprivation of liberty?

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I hopefully the information about the Thai money and the exchange rate in Thailand has been useful to you. I end this article, but the theme of Thai money will be continued in a separate article entitled “ATMs in Thailand: commission and possible dangers”, where in detail i told about the secrets of the use of plastic cards in the country and the main problems and dangers, with which you may encounter during using ATMs in Thailand.

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Currency Exchange at Bangkok Airport (Suvarnabhumi)

Most foreigners arrives to Bangkok’s main airport – Suvarnabhumi. And immediately after passport control you are met by numerous currency exchange points. You can check all of them and make sure that the exchange rate is the same everywhere. A lot of tourists iun this situation begin to change the currency, because cash is needed to pay for the first purchases in Thailand (water or Thai beer in 7Eleven or Family Mart stores at the airport, food in the food courts, taxi, train or bus to the center of Bangkok or to Pattaya.

Currency exchange rate at the arrivals area of Suvarnabhumi Airport

However, this is the main trap for tourists. The exchange rate at these exchange points is very disadvantageous for foreigners. And the notification that “no commission” at these exchange points sounds like a joke. In order not to be unfounded, I will give specific examples. In the photo you can see the exchange rates in the arrivals area of Suvarnabhumi Airport on 11/18/2018. The list of currencies is very large (in the photo only the first part of the list), but for an example I will take the most popular world currencies – USD, EURO and GBR.

So, for 1 USD you will receive 31.05 THB, for 1 EURO you will receive 34.82 THB, and for 1 GBR (British Pound) you will be given 39.36 THB. In reality, this is a bad, very bad exchange rate and even at the worst exchange points in Thai resorts you will find a more favorable exchange rate. But while you are at the Bangkok airport, you have the best solution: currency exchange points on the ground floor of the airport. To do this, you must follow the blue signs to Train to City and go down several escalators. On the lower (basement) floor of Bangkok Suvarnabhumi Airport you will find a number of exchange offices with a good exchange rate.

Currency exchange rate on the ground floor of Suvarnabhumi Airport

As in the arrivals area, the exchange rate at all exchange points is the same or very similar. However, this is actually the best rate not only at the airport, but also one of the best in all of Thailand (with the exception of several exchange points in the center of Bangkok). Therefore, I advise you to change the currency to Thai cash only here (at least for the next few days). There are also no additional fees at these exchange points, so you make the exchange at the rate indicated on the bulletin board. Above on the page you can see two photos with currency exchange rates on the same day, 11/18/2018. In order for you to better see the difference in the exchange rate, I will give a few examples.

If you exchange 100 USD in the arrivals area, you will receive 3105 THB. And on the ground floor of the airport for the same 100 USD you get 3270 THB. Simple calculations show that the difference is 165 THB (more than 5 USD). This amount is enough for a train ride from the airport and back for two people. And this difference is only 100 USD. When you relax in Thailand together, you can exchange 500 USD on the lower floor of Suvanapum Airport and receive 25 USD more than when exchanging the same amount in the arrival area. And this amount is already enough to pay a decent hotel in Bangkok or in the resorts of Thailand.

VASU EXCHANGE – the best exchange office in Bangkok

Especially if you use the smart search from Hotellook and pre-compare the cost of rooms immediately in all the main hotel reservation systems. A similar situation with other currencies. The difference for every 100 Euro is 228 THB (6.15 EURO), and for every 100 GBR – 244 THB (more than 6 pounds). With all other currencies the situation is identical. Of course, exchange rates are constantly changing and at the time of your arrival in Thailand they will be different. But you can be sure that the difference between the courses in the arrivals area and in the train departure area to Bangkok will always be very noticeable. Therefore, use this opportunity and exchange money in the right place!

Best Currency Exchange in Bangkok (in the city)

Often there are situations when you need to make a currency exchange directly in Bangkok city. In the central areas of the capital of Thailand, you can see many street currency exchange points, a large number of banks. Currency exchange points can also be found in Bangkok’s malls. However, not everywhere the course will be the same and good for you. I advise you to pay attention not to traditional banking or hotel currency exchange points, but to network and independent exchange points. They are located in various areas of Bangkok and have different modes of operation.

Currency Exchange Rates at VASU EXCHANGE (Bangkok)

As a rule, the most favorable exchange rate in Bangkok is not offered by banks, but by several specialized companies with branches in various areas of the Thai capital. For your convenience, I will post information on the location of such currency exchange points in Bangkok and their opening hours. Always remember that you must have a passport for currency exchange in Thailand (photocopies are often enough at resorts or you can persuade a cashier to exchange money without a passport).

VASU EXCHANGE – the best exchange office in Bangkok

This exchange office is located in the area of ​​the Nana Station BTS Skytrain. This is the business center of the Sukhumvit district in Bangkok and nearby there are many hotels of various price categories. During my stay in Bangkok, I usually choose this area and visited the VASU EXCHANGE exchange office several times. According to my many years of observations, this exchange office offers the highest purchase rates for USD, so if you want to change a large amount of money, choose it. The EURO rate is also good, but the GBR exchange rate is not the most profitable. It is an independent exchange point and has no other branches in Bangkok.

Address: Sukhumvit Soi 7/1.
Opening hours: Monday-Friday from 09:00 to 18:00, Saturday from 09:00 to 17:00.
Closed: Sunday
The current exchange rate is always on the official website.

Location of VASU EXCHANGE currency exchange in Bangkok

The exchange office is located on the ground floor of the building, located at the intersection of Sukhumvit Rd and 7/1 lane. If you arrived at the Nana station by train, you must go down via exit number 1. There you can easily find the building you need: on the brown facade are large gold letters VASU EXCHANGE and Chinese characters. This currency exchange in Bangkok is very popular and there may be a queue inside, especially immediately after opening in the morning. Currency exchange is somewhat intricate: the first employee will check for a passport and make a photocopy of it. After that, you will receive an electronic queue ticket with a currency exchange number.

Super Rich Thailand – The Best Exchange offices Network

This oldest network of currency exchange points in Bangkok has been operating for over 50 years and includes a head office and 14 branches in the city. Most branches offer a not very profitable exchange rate, the same as in traditional Thai banks. But there are branches of Super Rich Thailand with a very interesting course. In most exchange offices you have the opportunity to exchange 35-40 types of currencies for Thai Baht (including travelers checks). The brand color of the network is green. Below on the page I have listed three branches of SuperRich Bangkok with the best exchange rates.

Currency exchange rate in the SuperRich Thailand network (Bangkok)

Super Rich Thailand – Head Office at Soi Rajdamri 1

Address: 45 Rajdamri 1 Rajdamri Rd. Lumpini Patumwan Bangkok 10330
Opening hours: Monday-Friday from 09:00 to 18:00, Saturday and holidays from 09:30 to 17:00.
Closed: Sunday
Location on the map:

Currency exchange office SuperRich Thailand – Soi Rajdamri 1

Super Rich Thailand – Branch Office at Vibhavadi 22

Address: 18/4 Vibhavadi 22 Vibhavadi – Rangsit Rd. Chompon Chatuchak Bangkok 10900
Opening hours: Monday-Friday from 10:00 to 17:00, Saturday and holidays from 10:00 to 16:00.
Closed: Sunday
Location on the map:

Currency exchange SuperRich Thailand – Vibhavadi 22

Super Rich Thailand – Jewelry Trade Center

Address: 919 1 Si Lom, Khwaeng Silom, Khet Bang Rak, Krung Thep Maha Nakhon 10500 Jewelry Trade Center, 3rd Floor, Bangkok Fashion Outlet zone
Opening hours: Monday-Friday from 10:00 to 18:30, Saturday and holidays from 10:00 to 17:00.
Closed: Sunday
Location on the map:

SuperRich Thailand Currency Exchange – Jewelry Trade Center

SuperRich 1965 – the biggest network of exchange points in Bangkok

The largest network of currency exchange points in Bangkok, which has been operating since 1965. Currently, in various areas of Bangkok, you can find about 40 branches. The corporate color of the SuperRich 1965 is orange, so you will notice the stalls of this network from afar. On the official website of the company, you can choose any of the branches and see the current exchange rate and all currencies that you can change. Please note that the course is not the same everywhere. For example, at the time of this writing, the best exchange rate was 30.68 THB for 1 USD (Silom district), while the worst was 30.53 THB for 1 USD (at most metro stations, large hypermarkets and shopping centers).

Difference in exchange rates depending on the location of the SuperRich 1695 office

In other words, not in every ofice of SuperRich 1965 currency exchange you will find the best exchange rate and it makes sense to initially choose the right branch. To see the current exchange rate, I advise you to visit the official website of SuperRich 1965 and choose the nearest currency exchange office of this company with a favorable rate. And to see the actual location of the currency exchange in the city, I advise you to go down to the bottom side of the official website and select it from the list. After it you will see map of bangkok with selected currency exchange office, which will be marked with a marker.

Sia Money Exchange in Bangkok – exchange rates

SIA Money Exchange

This company allows you to make a currency exchange in Bangkok at one of the best rates in the city. You can trust SIA MONEY EXCHANGE, because this company has been operating in the market for more than 30 years and is part of Golden Wall Travel Service Co. Having visited the main office of SIA MONEY EXCHANGE, you have the opportunity to exchange about 30 currencies (including travelers checks) for Thai cash. This currency exchange office is convenient to use if you live in Bangkok in the Makassan area (between Ratchaprarop and Makassan stations at the Bangkok Airport Railway Link).

Address: 1091 / 156-7 Soi Petchburi 33, New Petchburi Road, Makkasan, Rajthevee, Bangkok 10400
Opening hours: Monday-Saturday and holidays from 09:00 to 18:00.
Closed: Sunday
The current exchange rate is always on the official website.
Location on the map:

Sia Money Exchange in Bangkok – the location of the currency exchange office on the map

Thus, you can use the networks and private currency exchange offices located on the ground floor of Suvarnabhumi Airport and in various areas of the city for currency exchange in Bangkok. Of course, if you want to exchange only 50 or 100 USD or GBR, it does not make sense to go to the other end of the city to the best exchange point, because the difference will not pay off your expenses for city transport or taxi  service in Bangkok. But if you live near exchange offices with a good exchange rate, it makes sense to contact them and save, therefore, your money. And, as you probably already understood from this article, it’s better not to change money in the arrival area of ​​Suvarnabhumi airport, where the most unprofitable rate for all currencies.

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