An informative image illustrating the topic of the blog post 'What Is the Money Currency in Thailand?' featuring Thai currency notes and coins. The visual provides a clear representation of the local currency, allowing readers to familiarise themselves with the appearance and denominations of Thai Baht as they delve into the details of currency-related information in the blog post.

What Is the Money Currency in Thailand?What Is the Money Currency in Thailand?

What Is the Money Currency in Thailand?

Meet Thai Baht: The Currency of Thailand

When embarking on a journey to the exotic landscapes of Thailand, understanding the local currency is a crucial aspect of seamless travel. The official currency of Thailand is the Thai Baht (THB), a symbol of the nation’s economic vibrancy and cultural heritage. In this guide, we unravel the mysteries of Thai Baht, exploring its history, denominations, practical usage, and tips for managing your finances during your Thai adventure.

Table of Content

The Thai Baht: A Brief History

The Thai Baht has a rich history that dates back to the 19th century. It was officially established as the country’s currency in 1897 during the reign of King Chulalongkorn (Rama V). Over the years, the Baht has undergone various changes in design and security features to guard against counterfeiting. The currency’s name, Baht, has its roots in a unit of weight for silver used in trade.

Denominations of Thai Baht

The Thai Baht comes in various denominations, each represented by vibrant colors and adorned with images of Thailand’s revered monarchs. The most common denominations include:

  1. Banknotes: The Baht is available in banknotes of 20, 50, 100, 500, and 1,000 Baht. Each banknote features intricate designs and security features, with depictions of Thailand’s royalty and historical landmarks.
  2. Coins: Coins come in values of 1, 2, 5, and 10 Baht, as well as smaller denominations known as satang (25 and 50 satang). While coins may not be as frequently used for larger transactions, they are handy for small purchases and transportation fares.

Do you think that banknotes and coins are slowly going out of use completely, or will they stick around? Leave your answers in the comments below.

Practical Usage of Thai Baht

Thai Baht is the sole accepted currency throughout the country. Cash is widely used for everyday transactions, especially in markets, street stalls, and smaller establishments. Larger businesses and upscale establishments in tourist-heavy areas may accept credit cards, but it’s advisable to carry cash for more flexibility.

ATMs are prevalent in cities and tourist areas, allowing visitors to withdraw Baht using their international debit or credit cards. Be mindful of withdrawal fees, and notify your bank of your travel dates to avoid any issues with international transactions.

Currency Exchange in Thailand

Before arriving in Thailand, consider exchanging a small amount of your home currency to Baht for immediate expenses upon arrival. Currency exchange services are available at international airports, banks, and exchange booths in major cities and tourist destinations.

It’s advisable to compare exchange rates and fees to secure the best deal. Avoid exchanging money at hotels or high-traffic tourist areas, as the rates may not be as favorable.

Managing Finances: Tips for Travellers

When managing your finances in Thailand, consider the following tips:

  1. Check Exchange Rates:
    Stay informed about the current exchange rates to maximise the value of your money.
  2. Carry Small Denominations:
    Having smaller bills and coins is practical for transactions in markets, taxis, and other everyday situations.
  3. Inform Your Bank:
    Notify your bank of your travel dates and destination to avoid any issues with international transactions.
  4. Be Cautious of Scams:
    Exercise caution when exchanging money, and be wary of scams that may target tourists.

Do you have any additional tips and ideas about making payment and using money in Thailand, or traveling in general? Leave your answers in the comments below.

Digital Payments in Thailand

While cash remains king in many situations, digital payments are becoming more prevalent, especially in urban areas and popular tourist destinations. Major credit cards are widely accepted in larger establishments, and mobile payment options are gaining popularity. However, it’s wise to have some cash on hand for places that may not accept electronic payments.

Currency Symbols and Notations

The symbol for the Thai Baht is ฿, and the currency is often abbreviated as THB. When writing prices or amounts, it’s common to see the Baht symbol or the abbreviation used.

An appealing image featuring Thai banknotes, symbolising the financial aspect of travel and complementing the blog post titled 'How Much Does It Cost To Travel to Thailand?' The photo provides a visual representation of the local currency, offering readers insight into the monetary considerations and expenses associated with traveling in Thailand.

In the picture: Thai Bath banknotes
image by: Abiwin Krisna@Unsplash

Personal Experience

Money transactions, currency exchange, ATM cash withdrawals and similar activities have never been my cup of tea, because somehow I always feel that I don’t know all these banking tricks, rules and regulations. And often when I withdraw money, I think that it is better not to know how much the ATM took for the withdrawal and conversion. Just to make it easier for me, I better think about how much the ATM gave me.

Please tell me, do you share my insecurities, or have you connected all these banking dots together and thus you are now always completely confident when withdrawing money and exchanging currencies on your travels. Leave your answers in the comments below.

I remember the first time I went to Thailand, suddenly my credit card was blocked. When the first ATM showed me a message saying your card is blocked, contact your bank, I naively thought that the ATM was not working.

But then I tried other ATMs, and when I saw that they also agreed with the first one, I experienced a mild form of panic.

Fortunately, everything was resolved quickly, because I emailed the bank in which I have my personal account, explained to them that I was in Thailand and that it was me who was using the card. In response to that email of mine, the bank unblocked my card with the advice to always let them know when I’m going on a further and longer trip.

Since then, I just make sure I always have at least two different credit cards with me, and always have some cash.

Personally, I mostly use cash in Thailand, because I buy most of my food in markets where only cash is accepted, and the same is true for public transportation, and services like laundry, for example.

A serene image featuring the author seated on a balcony overlooking the ocean, accompanied by an iconic palm tree, symbolising the tranquil setting associated with the blog post 'What Is the Money Currency in Thailand?'. The photo adds a personal and relaxed touch to the content, inviting readers to explore currency-related information while enjoying the picturesque backdrop of a tropical scene.

In the picture:
Me on the island of Phangan, March 2015

Conclusion: Crafting Your Budget-Friendly Thai Adventure

In conclusion, the cost of traveling to Thailand is highly customizable, catering to various preferences and budgets. By breaking down expenses into the following  categories: 

  1. flights
  2. accommodations
  3. food
  4. transportation
  5. activities
  6. miscellaneous items

you can create a realistic budget that aligns with your travel style.

Whether you’re a backpacker seeking affordable hostels and street food or a luxury traveler indulging in upscale resorts and gourmet dining, Thailand accommodates all. With careful planning and considering all the budgeting tips we have listed in this blog post, you can unlock the wonders of the Land of Smiles without breaking the bank. Embark on your budget-friendly Thai adventure, where every baht spent leads to unforgettable experiences and memories that last a lifetime.

I hope this article was useful to you. Thank you for stepping by on my website. 

If you have any further comments or questions, please free to leave them in the comment section below. I will be happy to reply!

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The creator of the 'Travel to Thailand Tips' platform. Marina from 'Travel to Thailand Tips' is the visionary behind this comprehensive website that provides free tips for seamless trip planning to Thailand plus safe booking for accommodations, activities, and cultural highlights of Thailand. 'Travel to Thailand Tips' is the compass to an enriching travel experience in the Land of Smiles and everyone's go-to source for expert guidance and insider recommendations.


Hi! This is Marina - your host from Travel to Thailand Tips. Thank you for visiting this travel platform that I have created with lots of love and my desire to help travelers-at-heart like you, visit, and even perhaps like myself, spend winters in the magical kingdom of Thailand. Welcome. Enjoy planning & booking. Happy Travels.

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