MONEY in Thailand ... first time traveler...

Travel Forums Asia MONEY in Thailand ... first time traveler...

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11. Posted by karazyal (Travel Guru 2249 posts) 1y Star this if you like it!

Jamie.

In Thailand you use their money to pay for most things, especially cheap purchases! This means you have to change some of whatever currency you bring in to Thai baht. Or use an ATM for Thai baht cash. (For me, I get a better rate changing my money in Thailand vs any other country.)

I personally never use a credit or debit card for cheap purchases especially from street vendors, cheap restaurants and cheap beer bars. The less I expose my CC numbers (my opinion) the less chance of CC fraud!

  • * Ofie's original post is from 7 years ago.

Up to you!

12. Posted by pearsonian (Budding Member 2 posts) 14w Star this if you like it!

there is absolutely no way that you can be getting 45 in uk and 42 in thailand unless you got severely ripped off which is also unlikely.Usually the rates offered in uk are quite abit less than in thailand at money changers.

If you check the interbank rate on something like tradingview.com then this gives you the exact rate then of course money changers will knock abit off for their own profits.

Ive found suvarnabhumi airport basement next to airport rail link the rates are pretty much the same as in the city and many money changers there.

if you dont need cash ie for paying for flights or hotels online then apps like revolut and transferwise are pretty close and sometimes better than the money changer rates.
Dont use atm machine unless you have a thai bank account as you will be charged heavily to do so.

13. Posted by AndyF (Moderator 1566 posts) 14w Star this if you like it!

Quoting pearsonian

there is absolutely no way that you can be getting 45 in uk and 42 in thailand

Hi Pearsonian. You're replying to an ooooold thread so I expect rates were different from those today.

14. Posted by karazyal (Travel Guru 2249 posts) 14w Star this if you like it!

Current rates for changing money in Thailand below. (The exchange rate is fluid and can update frequently.)

https://daytodaydata.net/

[ Edit: Edited on 04-Mar-2019, at 03:00 by karazyal ]

Post 15 was removed by a moderator
16. Posted by pearsonian (Budding Member 2 posts) 14w Star this if you like it!

the point i was trying to make is that impossible for the big discrepancy between uk and thailand and most of the time rates lower outside thailand.of course i know rates change by the day.

any money change in basement of suvarnabhumi next to airport rail link will give as good as a rate you will get in bangkok.2nd floor arrivals crap rates.Use revolut or transferwise cards to buy in shops like decathlon or pay for hotels or flights if its possible to pay in home currency.

17. Posted by karazyal (Travel Guru 2249 posts) 14w Star this if you like it!

"any money change in basement of suvarnabhumi next to airport rail link will give as good as a rate you will get in bangkok.2nd floor arrivals crap rates."

-

The money exchange located near the Rail Link is not open 24 hours.

https://www.thai.lt/blog/293-super-rich-suvarnabhumi-airport-best-foreign-exchange-rates

Not much difference between the very best rate you can get for 100 US dollars or 50 UK pounds at an exchange counter in the arrivals hall or the best rate you can find. If you arrive late at night and need to change a large amount of money do it in the city next day.

Some tourists hop in a taxi and head across the city to hunt up the very best rate they can get in Bangkok and maybe pay as much for the taxi ride as they make doing the transaction! The exchange rates change frequently.

Vasu is another money changer in Bangkok in the Nana area.

https://daytodaydata.net/

[ Edit: Edited on 05-Mar-2019, at 06:03 by karazyal ]

Posts 18 & 19 were removed by moderators
20. Posted by AStraveler (Inactive 4 posts) 6w Star this if you like it!

Five weeks in Thailand would be good enough to explore the entire place. The amount of money that you need to carry totally depends on your lifestyle. For obvious reasons, if you will stay in a luxurious 5-star hotel then you would be spending more as compared to the person who would stay in a hostel. Regarding your next query, you do not have to carry a lot of cash with you as it could be quite dangerous. The local markets of Phuket are the favorite place for pickpockets. So, using ATM machines would be a better choice. Also, there are a plethora of ATM machines available in Thailand, so you won’t face any difficulties. In addition, you can get your local currency exchanged to Thai Baht at the airport easily. So, no need to carry the local currency at all. I hope all of your queries are solved now! Have a wonderful and a pleasant holiday!