What are the best ways to exchange currency in Thailand?
In Thailand, one can exchange cash using a variety of methods; however, some of these procedures are more advantageous than others. The following are some of the most convenient ways to swap one currency for another in Thailand:
- ATMs:
- Using your debit or credit card to withdraw Thai baht from an ATM is usually the most convenient and cost-effective way to exchange money in Thailand. ATMs can be found throughout the country, and many offer the option to withdraw money in different currencies.
- Exchange booths:
You can find currency exchange booths at airports, banks, and tourist areas. However, be aware that exchange rates at these booths may not be as favorable as at other locations. - Banks:
If you prefer to exchange currency at a bank, major banks such as Bangkok Bank and Kasikorn Bank offer exchange services for a fee. The exchange rates at banks tend to be better than at exchange booths. - Credit card:
Using your credit card for purchases in Thailand is also an option, but be aware that some businesses may charge an additional fee for using a credit card.
Before you exchange currency, it is crucial to remember that regardless of which method you decide to use, you should always check the exchange rate as well as any fees that are involved with the transaction.
In addition, it is important to inform your bank and credit card company that you will be traveling to Thailand before you leave for the country in order to prevent any problems with your transactions being misidentified as fraudulent.
Exchange rate as of 24th April 2023 (Guideline)
| Currency | Exchange Rate |
|---|---|
| Australian Dollar | 23.54 baht |
| Canadian Dollar | 25.77 baht |
| Euro | 38.33 baht |
| Japanese Yen | 0.26 baht |
| New Zealand Dollar | 21.74 baht |
| Pound Sterling | 43.45 baht |
| Singapore Dollar | 26.22 baht |
| Swiss Franc | 39.06 baht |
| United States Dollar | 34.66 baht |