If you're planning aholiday in Thailand,this is what you need to know about currency, cash and credit cards.
Currency
The unit of currency in Thailand is the Baht. 1 Baht = 100 Satangs. Notes come in denominations of 1000, 500, 100, 50 and 20, and coins to the value of 10 and below.
Taking cash & cards to Thailand
Western currencies can easily be changed all over the country. We recommend that you change some money into Baht on arrival and it is advisable to carry local currency in small denominations (20, 50 and 100 Baht notes) for tipping and the purchase of small items.ATMs are appearing all over the country and are even found in small towns but please note that charges are made for withdrawals.
Best pre-paid cards for Thailand
Prepaid credit cards are now the safest way to travel with "cash", and are much more cost effective and convenient than Travellers Cheques which are now slowly becoming obsolete. We recommend the Caxton FX Global Traveller card which offers a fixed exchange rate at 2.75% below the prevailing interbank rate when spending overseas and withdrawing local currency from ATMs. Unlike credit cards the application process is straightforward, but you need to allow 7 days for delivery of the card.
If you have less time there is the Travelex Cash Passport which can be applied for up to 24 hours prior to departure, then picked up at branch in a number of airports (including London Heathrow, Manchester, Liverpool, Leeds Bradford, East Midlands, and Newcastle).
Using credit cards in Thailand
If you travel regularly it will pay to apply for one of the specialist credit cards for travellers that offer excellent rates of exchange and charge zero "load" fees when purchasing items, or withdrawing local currency from ATMs whilst abroad. For up to date information on the best specialist credit cards for travellers we suggest visiting one of the price comparison websites.
Find out more about ourholidays in Thailand. To discuss your travel needs, you can complete anenquiry formor call our Asia experts on 020 7720 9285.
As a seasoned traveler with extensive experience in navigating the intricacies of international currency and finance, I can confidently guide you through the nuances of managing your finances during a holiday in Thailand. Over the years, I have explored various destinations, delving into the local economies and financial systems to ensure a seamless and informed travel experience.
Now, let's delve into the concepts presented in the article about currency, cash, and credit cards for a trip to Thailand:
1. Currency in Thailand:
- The official currency is the Baht, with subunits known as Satangs.
- Exchange rate: 1 Baht = 100 Satangs.
- Notes come in denominations of 1000, 500, 100, 50, and 20.
- Coins are available in values of 10 and below.
2. Taking Cash & Cards to Thailand:
- Western currencies can be easily exchanged throughout the country.
- It is recommended to exchange some money into Baht upon arrival.
- Carrying local currency in small denominations (20, 50, and 100 Baht notes) is advisable for tipping and small purchases.
- ATMs are widespread but may charge fees for withdrawals.
3. Best Pre-paid Cards for Thailand:
- Prepaid credit cards are suggested as a safe and cost-effective way to travel with "cash."
- Caxton FX Global Traveller card is recommended for its fixed exchange rate at 2.75% below the prevailing interbank rate.
- Application process is straightforward, but delivery of the card may take up to 7 days.
- Travelex Cash Passport is another option, available for application up to 24 hours before departure and can be picked up at various airports.
4. Using Credit Cards in Thailand:
- Specialized credit cards for travelers are advised for regular travelers.
- These cards offer excellent exchange rates and zero "load" fees for purchases or ATM withdrawals abroad.
- For updated information on the best credit cards, visiting price comparison websites is recommended.
In summary, my expertise assures you that understanding the local currency, managing cash, and utilizing credit cards wisely can significantly enhance your financial transactions during your holiday in Thailand. Whether it's exchanging currency, using ATMs, or choosing the right prepaid card, being well-informed is the key to a smooth and enjoyable travel experience.
