Thai Currency & Money Guide

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The Thai unit of currency is the baht with 1 baht being divided into 100 satang. Notes are in denominations of 1,000 (brown), 500 (purple), 100 (red), 50 (blue), 20 (green) and 10 (brown) baht. Coins consist of 10 baht , 5 baht, 2baht, 1 baht, 50 satang and 25 satang.

Major currency bills and travellers cheques are cashed easily at hotels, tourist shops, all provincial banks, shopping centres and money changers. Travellers cheques are best changed in banks (you will need your passport). Rates of exchange at banks or authorized money changers are better than those at hotels and department stores.

Any amount of foreign currency may be brought into the country. Visitors may take foreign currency out of Thailand, but no more than the amount stated in the customs declaration made on arrival. Travellers leaving Thailand may take out no more than 50,000 baht per person in Thai currency.

Thai Coins

There are 100 satang in one baht; coins include 25-satang and 50-satang pieces and baht in denominations of 1, 2, 5 and 10. Thai baht is in denominations of:

Thai coins

Thai coin denominations

Thai Notes

Paper baht comes in denominations of 10 (brown), 20 (green), 50 (blue), 100 (red), 500 (purple) and 1000 (beige).

Thai Currency

Thai Note denominations

Tipping : Tipping is not a usual practice in Thailand although it is becoming more common. Most hotels and restaurants add a 10% service charge to the bill. Taxi drivers do not require a tip, but the gesture is appreciated and 10-20 baht is acceptable for porters.

Bargaining in Thailand

Fixed prices are the norm in department stores, but at most other places bargaining is expected. Generally, you can obtain a final price of between 10-50% 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 humor. With patience and warm smile, you will not only get a better price, you will also enjoy the shopping experience.

VAT Refunds in Thailand

Visitors entering  Thailand on a tourist visa are entitled to refund of the 7% VAT on goods purchased at registered retail outlets.



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Updated: December 18, 2010 by admin

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