If you’re going to make for this popular Southeast Asian country, you need to know that the official Thailand currency is the Thai baht (THB) and it comes in notes and coins. The baht is divided into 100 satang, although finding 25 or 50 satang coins is very unusual. The coin of smallest denomination you’ll find is probably 1 baht.
Thai currency and banknotes
The minted coins today are: 25 satang, 50 satang, 1 baht, 2 baht, 5 baht and 10 baht. On the other hand, the notes are: 20 baht (green), 50 baht (blue), 100 baht (red), 500 (purple) and 1,000 baht (blue-grey).
Baht. Exchange rate in real time
What memories, back in 2006, when in Thailand you got almost 60 baht for €1… For some time now, the euro/baht exchange has plummeted, and today for €1 you usually got between 36-40 baht. Generally speaking, you get better change carrying cash, since there’re currency exchange offices offering a best baht/euro ratio than withdrawing money in an ATM.
By looking at the xe.com website, we can see how is the currency of Thailand going today. Also, here’s a very interesting link to compare the euro/baht change in Thailand’s major banks in real time and see which has the best. Keep the bank name, look for an office or ATM (it’ll be easier to find) and withdraw your money. With this small step you can get more baht for the same number of euros.
ATMs and fees
It should also be recalled that ATM in Thailand charge you a fee of 220 THB for each money withdrawal. Anyway, failing confirmation, it seems that Citibank ATMs don’t charge this fee. Thing is, they’re only available in Bangkok.
