Your bank may charge you a foreign transaction fee if you use it to buy Thai baht when you're abroad.You may have to pay commission or other hidden fees to a currency exchange that you wouldn't have paid in the UK.While there may be better exchange rates available in some locations, your options for shopping around may be limited once you arrive, and there's no guarantee the exchange rates will be any better than they are in the UK.Įxchange rates aside, here are some other reasons to avoid buying your Thai baht in Thailand: There's no evidence to suggest that you'll get a better deal if you buy your Thai baht in Thailand. As such, it's considered impolite to fold banknotes in half because the King's head appears on one side, and you should take care not to throw or drop money, or carry banknotes in your back pocket for the same reason. The monarchy is held in high regard in Thailand and is deeply respected by the people, and Thai currency is seen as an extension of the country's constitution. Most Thai banknotes and coins feature images of kings and queens from the Chakri dynasty which has ruled Thailand since 1782. Coins in denominations of 25 satang and 50 satang also exist, but they are gradually being phased out by the Thai government because the cost of their production is more than their face value. There are six denominations of Thai baht banknotes in circulation: ฿20, ฿50, ฿100, ฿500, ฿1000 and ฿5000, and five frequently-used coin denominations: ฿1, ฿2, ฿5, ฿10 and ฿25. The word 'baht' means 'portion' in Thai, and is pronounced 'bart'. One Thai baht (฿) can be subdivded into 100 satang, however, satang are rarely used due to their low value, and prices for most everyday transactions tend to be rounded to the nearest baht. Thai banknotes are printed by the state-owned Security Printing Works in the Bang Sue district of Bangkok, while coins are minted by the Royal Thai Mint which is based in the Pathum Thani province, just outside of Bangkok. Thai baht are governed and issued by Thailand's central bank: the Bank of Thailand. Just remember to buy or reserve your Thai baht first before you collect them from the store so you benefit from the supplier's better online rate. Online travel money suppliers usually have better Thai baht rates than high street exchanges, but supermarkets are a good compromise if you want to collect your currency in person and still get a decent rate. If you need your Thai baht sooner and don't have time to wait for the rates to improve, you can still save money by comparing rates from a range of different providers before you buy. You could also consider signing up to our newsletter and we'll email the latest rates to you each month. This can be a good way of maximising your holiday money if the exchange rate continues to rise after you've bought, but will also help to minimise your losses if the rate drops. Some people prefer to buy half of their Thai baht as soon as they've booked their holiday, and the remaining half just before they depart. For example, if the Thai baht rate has been steadily increasing over several weeks or months, it could be a good time to buy while the rate is high. If you have a fixed travel date, you should start to monitor the Thai baht rates as soon as possible in the period leading up to your departure so that you've got time to buy when the rate is looking favourable. Timing is key if you want to maximise your Thai baht, but the best time to buy will depend on the current market conditions and your personal travel plans. Print the charts and take them with you in your purse or wallet while you are traveling.We found 15 travel money suppliers offering £750 worth of Thai baht for delivery and accepting payment by debit card The USD conversion factor has 6 significant digits. The THB conversion factor has 6 significant digits. The exchange rate for the United States Dollar was last updated on Septemfrom The International Monetary Fund. The exchange rate for the Thai Baht was last updated on Septemfrom The International Monetary Fund. The United States Dollar is divided into 100 cents. The symbol for THB can be written Bht, and Bt. The United States Dollar is also known as the American Dollar, and the US Dollar. The Thai Baht is also known as Bahts, and Onshore Baht. The United States Dollar is the currency in American Samoa (AS, ASM), British Virgin Islands (VG, VGB, BVI), El Salvador (SV, SLV), Guam (GU, GUM), Marshall Islands (MH, MHL), Micronesia (Federated States of Micronesia, FM, FSM), Northern Mariana Islands (MP, MNP), Palau (PW, PLW), Puerto Rico (PR, PRI), United States (United States of America, US, USA), Turks and Caicos Islands (TC, TCA), Virgin Islands (VI, VIR), Timor-Leste, Ecuador (EC, ECU), Johnston Island, Midway Islands, and Wake Island. The Thai Baht is the currency in Thailand (TH, THA).
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