Thailand’s official currency is the Baht. One Baht is divided into 100 satang. The Bank of Thailand is authorized to issue Thailand’s currency.
Coins come in six denominations - 25 and 50-Satang coins are very small and made of brass. Other coins come in one, two, five and ten-Baht denominations.
The denominations of the bills can be identified by their size and colour: 20-Baht is green, 50-Baht is blue, 100-Baht is red, 500-Baht is purple and 1,000-Baht is white. The brown coloured 10-Baht bill though in circulation is very rare.
Though international credit and debit cards are accepted, cash is preferred. Hence it is always good to carry the local Baht.
Travellers cheques are not accepted widely but one can exchange them for cash at banks and other foreign exchange services available in most tourist areas.
Thailand has easy currency exchange facilities. These facilitate easy exchange of money and even accept credit cards. Exchange of direct debits incurs lesser charge than exchange of traveller’s checks or cash.
Commercial banks have exchange counters and charge around 5 per cent for services rendered. ATMs are widely available.
Money can also be exchanged at foreign exchange booths, hotels and airports.
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