Thai currency is important when visiting Thailand. International travelers will need a supply of the local banknotes and coins to make purchases in the country.
Although many hotels and chains in major cities like Bangkok accept payments by card, cash is still essential when dealing with most smaller businesses, especially in rural locations.
What is the currency in Thailand? How can visitors obtain Thai money? This guide answers all of these important questions and outlines exchange rates and different budgets for travelers to the southeast Asian country.
What Is Thailand’s Currency?
The official currency of Thailand is the baht (Thai: บาท).
The Thai baht symbol is ฿; the country currency code is THB.
฿1 is divided into 100 satang.
Banknotes in Thailand come in the following values of baht:
- ฿20 (green)
- ฿50 (blue)
- ฿100 (red)
- ฿500 (purple)
- ฿1,000 (brown)
The following Thai coins also exist as legal tender:
- 25 satang
- 50 satang
- 1 baht
- 2 baht
- 5 baht
- 10 baht
Are US Dollars Accepted in Thailand?
Foreign currencies are not accepted in Thailand. This includes the US dollar (USD; $). All cash purchases must be made using Thai baht.
Credit and debit cards are generally accepted in hotels, large businesses, and chains in Thailand and their use is becoming increasingly common in all businesses.
However, many smaller establishments still deal only in cash. For this reason, it is advisable for visitors to keep some Thai banknotes on their person.
Is It Better to Buy Baht in Thailand?
Many travelers choose to wait until they arrive in Thailand to exchange their currency for baht, since the Thai exchange rates are often favorable.
Currency exchange booths are easy to come by in international airports and in the majority of locations frequented by tourists.
ATMs can be found all over Thailand and many of these accept international credit and debit cards. However, the majority will have an extra charge of ฿220 per withdrawal on top of the usual transaction fee for using the card in another country.
For this reason, many people prefer to bring the currency of their own country to Thailand and exchange it for Thai baht once they arrive.
How Much Is $1 US in Thailand?
The exchange rate for $1 USD to Thai baht is currently as follows:
- $1 USD – ฿31.70 THB
Current exchange rates for the Thai baht to pound sterling and Euro are as follows:
- €1 EUR – ฿36.22 THB
- £1 GBP – ฿39.97 THB
How Much Money Do You Need Per Day in Thailand?
The question of how much money is needed to visit Thailand depends entirely on the traveler’s budget. Accommodation, food, drink, and tours all come in a range of options from high end to low end.
It is possible to travel to Thailand and spend ฿825–1150 (USD $25–35) per day by choosing the most affordable options. This is ideal for backpackers who may be happy to choose budget accommodation such as dorm rooms and get local food from the affordable street stalls.
Using local transportation in Thailand and taking longer journeys, rather than flying or taking trains, can save on expenses.
Staying on Thai islands tends to cost more than on the mainland and a similar trip might cost around USD $40 per day.
Mid-range options become available with a budget of ฿1,650 (USD $50) a day. This would include flying between certain locations, taking more tours, doing more activities, accommodation with air conditioning, and eating in restaurants to take advantage of Thailand’s seafood meals.
Travelers who are interested in staying at luxury resorts or western hotels, spending time in tourist areas, taking a lot of tours, and flying place to place should budget around ฿3,300–5,000 baht (USD $100–150) for each day.
How Much Does it Cost to Travel to Thailand?
When budgeting for the entire trip to Thailand, travelers should also factor in the price of the international flights to get there, the visa fee (if applicable), and the cost of any additional paperwork needed, such as a new passport.
The Thailand electronic visa is an affordable and easy option that can be obtained from the comfort of the traveler’s home or office.
This electronic visa is available via an online application form that can be completed in a matter of minutes. The applicant must simply enter their details and pay the visa fee and the approved document will be delivered by email, without having to go all the way to a Thai embassy.
Check the Thailand eVisa requirements to find out which nationalities are eligible to obtain this travel authorization.