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One baht is divided into 100 satang.
Coins come in denominations of: 1, 2, 5 and 10 baht, as well as 25 and 50 satang. (You may get some 25 or 50 satang coins in change at a supermarket.)
Banknotes come in denominations of: 20, 50, 100, 500 and 1,000 baht.
The most commonly used coin is the 10 baht and the most commonly used note is the 100 baht. The notes of 20 and 50 baht have changed with a slightly different portrait of the King.
Foreign debit and credit card withdrawals from Thai ATMs incur a 150 or 180 baht fee levied by the local ATM owner, in addition to any fees added by your home financial institution.
Buying Thai Baht outside Thailand
Thai baht is widely stocked by most currency suppliers outside Thailand. However, rates obtained in Thailand are higher and money can be exchanged on arrival at more advantageous rates.
Exchanging cash in Thailand is EASY
FOREX (FOreign EXchange) booths are very common and clearly post their daily exchange rates on an electronic notice board.
At Bangkok's Suvarnabhumi Airport, there are exchange booths right in the Customs Hall (after clearing Passport Control, in the baggage claim area) as well as in the general arrivals area. ATMs are also readily available in the airport.Kasikorn Bank and Siam Commercial Bank operate a virtual duopoly at Suvarnabhumi Airport, The exchange rates at both banks' outlets all over the airport are significantly lower than bank exchange rates across the rest of the country. (Even so, those rates are still more favourable than the rates you would get for buying Thai baht in your own country).
However, several independant money changers including Super Rich (whose rates are usually among the best in Thailand) and Value Plus, whose rates closely mirror those of Super Rich, now operate exchange outlets on the lowest level on the territory controlled by the Airport Rail Link station. A visit to these booths might prove worthwhile. The rates they offer at the airport are close to or identical to the rates they offer downtown.
Most airport currency exchange services operate 24 hours a day, 7 days a week, but the booths on the ARL level follow the hours of the Airport Rail Link: 07:00-23:00.
NOTE: Super Rich now has outlets at various downtown Bangkok locations, notably BTS Skytrain stations. (If there's a long line at the outlet in BTS Station Asok, just go down to the booth in the Metro Mall at the entrance to MRT station Sukhumvit -- underneath the Skytrain station).
If you prefer the security offered by travellers cheques, then take them in your home currency if available. i.e. If you are from Britain, do not get USD cheques or you will lose money on that exchange before you have even started. In some cases there is a fee to buy travellers cheques.
Rates at FOREX booths/kiosks:
The bank's current buy/sell rates will either be prominently displayed on an electronic display board or by a fax paper attached to the window. These are the banks offical rates in use at that point in time. When rates change-- and they do frequently throughout the day -- the display board and/or fax page will be replaced and updated accordingly.
Rates DO vary between different banks, but NOT within branches of the same bank, with the exception of the Kasikorn and SCM outlets at the airport. You can use the link below to get a idea of the more competitive banks for your chosen currency. There are no extra surcharges or commissions if you exchange your cash at the airport, though.
Some independent Forex specialists (such as Super Rich) offer more advantageous rates than any of the banks. You must decide if it is worth spending the time and money to get to one of these dealers, in order to gain what may be only a small amount more than at the next bank-owned booth.
THE BEST ONLINE SOURCE FOR UP-TO-THE-MINUTE EXCHANGE RATES IN THAILAND:
To determine the current rate of exchange of your home currency to the Thai baht, you can check this web site which shows the rates offered by all major Thai banks/FOREX specialists.
Most Thai banks now charge a 200 baht fee per withdrawal when you use their ATMs with a foreign card. The exception is AEON machines found in many big stores such as Tesco Lotus and major shopping malls. They charge 150 baht.
*Prepaid Cash Cards - Like debit cards, may also be subject to fees by issuer as well as the Thai bank.
Remember, you DO NOT need any Thai baht before your arrival in the Kingdom. To get baht ahead of time will subject you to a considerably poorer rate of exchange plus probable commission fees.
Exchanging Cash or T/Cs at the HOTEL
Dynamic Currency Conversion (DCC)
All currency in Thailand, paper and coin, bears a portrait of His Majesty King Bhumibol Adulyadej or a deceased relative.
Remember that Thailand has harsh lèse majesté laws which are strictly enforced. These laws expressly prohibit any act - verbal, physical or written, that shows insolent or disrespectful behaviour toward the royal family.
With this in mind;
These acts can easily been perceived as disrespectful toward His Majesty The King, or another member of the royal family (and may be considered highly offensive to any Thai person who witnessed such an occurrence).
Please show respect accordingly.