The official currency of Thailand is the Thai BAHT (pronounced - baaht).
One baht is divided into 100 satang.
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The Thai currency is made up of baht and Satangs. Commonly used coins are 25-Satang,50-Satang, 1 baht,2 baht, 5 baht, 10 baht denominations.
There are different sizes of 1 and 5 baht coins in circulation so be careful when you count your money.Banknotes,which are printed in both Thai and Western numerals, increase are in different colours :10 baht is brown; 20 baht green; 50 baht blue; 100 baht red; 500 baht purple and 1000 baht grey/beige.
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It is difficult to change large notes in some market area,so remember to ask for some small notes when changing money.
Banks are open from 9.30 hours to 15.30 hours during weekdays.In Bangkok,you will found many of the banks have foreign exchange services open until late in the evening every day,particularly is popular tourists spots.
Traveller's cheques give the highest rate of exchange.The American dollars is the most widely-accepted foreign currency, but most other major foreign currencies can be exchange at banks.Payments by credit cards are becoming increasingly common at most major tourist spots and in most hotels and good-class restaurants.
Thailand's Baht
Travellers Cheques are generally accepted only at dedicated foreign exchange shops or banks.
Automated Teller Machines (ATMs) are plentiful throughout Thailand, and most will accept cards issued by any of the major international banking networks (Plus, Cirrus, etc.)
Foreign debit and credit card withdrawals from Thai ATMs including a 150 or 180 baht fee levied by the local ATM owner, in addition to any fees added by your home financial institution.
Major credit cards such as Visa, Mastercard, JCB and American Express, are readily accepted at most hotels, airlines, restaurants and upscale merchants.
To prevent your credit/debit card from being declined, it is important to advise your card issuer of your travel plans in advance.
Some institutions routinely block/deny unexpected charges from Thai merchants for fear of possible fraudulent use.
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.
Cash exchanges in Thailand incur NO commissions or fees.
Do not buy any Thai currency until you arrive in Thailand.
The rates offered in Thailand are ALWAYS BETTER than you could get back home *(for "mainstream" currencies).
FOREX booths accept ALL MAJOR currencies.
DO remember to bring ONLY bank notes in good overall condition.
FOREX booths generally WILL NOT accept bank notes that are torn, ripped, damaged or are excessively marked/stamped
BE RESPECTFUL WHEN HANDLING THAI CURRENCY!
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 lese majeste 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;
DO NOT EVER step on a coin to stop it from rolling away.
DO NOT step on a Thai banknote to stop it from blowing away.
DO NOT throw a note or coin in anger towards another person.
DO NOT tear, burn or otherwise deface a note or coin.
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.
refernce:Amazing Thailand/tripadvisor.com
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