Thailand Currency
Any currency is the base for it's country and it’s fluctuations against Dollar leads to weakening of the economy while the rise in value against dollar leads to strengthening of the economy. The people who are related to Stock, shares and talk the market along with studying it understand the value of currency more than anyone else. Now, getting back to Thailand Currency, the country which is a Kingdom has much of the money transactions done in the form of Baht, which is the local currency and at times also the U.S. Dollar rarely work in terms of equivalent amount or above.
The people who reach Thailand from other countries who come as tourists have to get the money exchanged and the actual price of food, lodging and any other items which you buy has to be paid in Thailand currency.
The Thailand Coins and Notes:
The Thailand Currency has 1,2,5 and 10 Baht Coins, with 20, 50, 100 and 1,000 baht Notes which makes it the most common coin in Thailand is of the 10 Baht. The Baht is further broken down into Satang, and it is equal to 100 Satang. The Satang coins exist only in 25 and 50 denominations, with rarely used in anymore transactions because of their lower value.
. According to Bloomberg, Thai Baht was the world’s best performing currency in the year 2018, and according to SWIFT, as in January 2019, the Thailand Currency, Baht is ranked as one of the 10th most frequently used world payment currency.
. The Thai Baht just like Pound got originated from traditional unit of mass and the currency value was known to have originally expressed as that of silver of the corresponding weight now to be defined as 15 grams. Even during the reign of Sukhothai period the bullet coins are known to be in Thai as Phot Duang, and comes under the traditional system of units through simple fractions and multiples which is also the Thailand Currency, Baht.
. The Exchange rates of Thailand Currency, is set by the Bank of Thailand and is adopted through a series of exchange controls on 19 December 2006. The significant divergence which is between offshore along with onshore exchange rates, which also spreads up to 10 percent between the two markets. The control on Thailand currency got lifted between offshore and onshore exchange rates which is if you exchange currency in your country or reach Thailand and get Thailand currency the rate remains the same.
Credit cards as major substitute for Thailand Currency:
. The Credit cards in Thailand Currency needs to get prior approval by your bank or too much of use of the credit card in Thailand may lead to locking of your card. The many hotels, restaurants and businesses also at the airports accept major credit cards, which work in big cities of Bangkok. The credit card of any foreign country with the VISA, MASTER, or AMERICAN EXPRESS works and the other associated logo also works with it.
The Thailand Currency Baht, can be withdrawn from any ATM’s which could be found at any malls, or other likely places suchas market place and also at Banks. The Money Exchange centers such as Western Union and other at airports also provide better exchange rates and using of foreign card with additional fees from the bank may cost you so carrying Thai currency from home land is better.
Thailand Currency Available Banknotes: 20 Baht, 50 Baht, 100 Baht, 500 Baht, 1000 Baht.
Thailand Currency Available Coins: 1, 2, 5, 10, 25 satang, 50 satang.
Thailand Currency Name: Thai baht
Thailand Currency Symbol: ฿
Thailand Currency Code: THB
Official User: Thailand
Unofficial Users: Laos, Cambodia, Myanmar, Vietnam.
Thailand Central Bank: Central Bank of Thailand
Thailand Currency Printer Agency: Note Printing Works of the Bank of Thailand, China Banknote Printing and Minting Corporation
Foreign Exchange Market: 10th most frequently used world payment currency
Currency Exchange Stores in Bangkok City
Store Name: Bangkok Bank Currency Exchange Booths
Address: 128, Building, 17-18 Phayathai Rd, Thung Phaya Thai, Khet Rajchathewi, Bangkok 10330, Thailand
Store Name: Superrich Thailand
Address: 7/1, Central Plaza Pinklao, Borommaratchachonnani Road, Arun Amarin Subdistrict, Bangkok Noi, Bangkok 10700, Thailand
Store Name: Bangkok Bank Currency Exchange Booths
Address: 486/10 Siam Squair Soi 7, Phathumwan, Khet Pathumwan, Bangkok, 10330, 10330, Thailand
Store Name: SIA Money Exchange (Bangkok, Thailand)
Address: 1091/156-7 Soi Petchaburi 33, New Petchaburi Road, Makkasan, Bangkok 10400, Thailand
Store Name: Siam Commercial Bank Currency Exchange Booths
Address: 171, Ambassador Hotel, Sukhumvit Road, Khlong Toei Nua, Khet Wattana, Bangkok, 10110, 10110, Thailand
Store Name: Vasu Exchange
Address: Sukhumvit Rd, Khlong Toei Nuea, Watthana, Bangkok 10110, Thailand
Store Name: Super Rich
Address: 45 Soi Ratchadamri 1 Lumphini, Pathum Wan District, Bangkok 10330, Thailand
Store Name: Value Plus Currency Exchange (Thaniya,Silom)
Address: 9 / 7-9 / 8 Soi Thaniya, Surawong Road 10500, Suriyawong, Bang Rak, Bangkok 10500, Thailand
Store Name: AU Money Exchange Co., Ltd.
Address: 48, Pratunam, 11 Soi Phetchaburi 17, Khwaeng Thanon Phaya Thai, Ratchathewi, Bangkok 10400, Thailand
Store Name: Bangkok Best Exchange
Address: Room 192 1st Floor River City Bangkok 23 Charoen Krung 24, Si Phraya Pier, Talat Noi, Samphanthawong, Bangkok 10100, Thailand