Ah, Thailand, the ‘Land of Smiles’, the accessible starter destination for the first time traveller and gap year student, the home of the Full Moon Party and the owner of (for our money anyway) the most stunning beaches on the continent and, although easier to navigate than its South East Asian neighbours, a bit of a financial maze.
Despite having a reputation for being pretty affordable (unless you’re heading to the tourist-heavy beaches of the South where it all gets a bit out of control) there are still a lot of ways to help manage your money out there. So, with that in mind, we’ve put together this handy little guide to help you get more bangs for your baht.
|Currency in Thailand||Baht (THB)|
|Budget Accommodation||£4-8 per night for hostel/guesthouse room|
|Bottle of water||£0.26|
* Prices based on Bangkok
Baht Banknote Denominations: 20, 50, 100, 500, 1000.
Baht Coins: 1, 2, 5, 10.
Thailand is still very much a cash economy. We found that 72% of transactions were cash withdrawals. Most of your day to day spending will be with cash if you are on a budget to mid-range trip. Thailand is a popular destination for honeymoons and luxury holidays so you will find the chain hotels, and high-end restaurants and shops will take credit and debit card. Check out our rates to buy Thai Baht or sign up for a free WeSwap card.
Cash machines are everywhere in Thailand, with even small towns tending to have at least one hole-in-the-wall accepting all major debit and credit cards. Be warned, however, that the majority of Thai ATMs charge will charge 200b (almost a fiver) for the service. AEON machines, found in big supermarkets and major shopping malls are the exception to this, pocketing 150b. It may not seem like a lot, but over a long trip, those savings will make all the difference. Check with your bank and compare providers because they will likely also take a fee. Choose a card with low conversion fees and that does not charge you to withdraw. With WeSwap you could save £7 per £200 withdrawal.
Here’s a list for you of the main manufacturer of Thai banks and where to locate their ATMs: