Currency

Thai baht (B)

Daily Costs

Budget: Less than 1500B

  • Dorm bed/basic guesthouse room: 150–800B
  • Street-stall meals: 150–300B
  • One or two of the big-hitter sights: 500–600B
  • Getting around on public transport: 20–100B

Midrange: 1500–4000B

  • Flashpacker guesthouse or midrange hotel room: 800–1500B
  • Street and restaurant meals: 500–1000B
  • Most, if not all, of the big sights: 500–1000B
  • Getting around with public transport and occasional taxis: 100–300B

Top end: More than 4000B

  • Boutique hotel room: 4000B
  • Fine dining: 1500–3000B
  • Private tours from: 1000B
  • Getting around in taxis: 300–800B

Bargaining

Thais respect a good haggler. Always let the vendor make the first offer, then ask ‘Can you lower the price?’ This usually results in a discount. Now it’s your turn to counter-offer. Always start low, but don’t bargain unless you’re serious about buying. If you’re buying several of an item, you have more leverage to request and receive a lower price. It helps to keep the negotiations relaxed and friendly.

Money

Most places deal only with cash. Some foreign credit cards are accepted in high-end establishments.

ATMs

Debit and ATM cards issued by a bank in your own country can be used at ATMs around Thailand to withdraw cash (in Thai baht only) directly from your account back home. ATMs are widespread throughout the country and can be relied on for the bulk of your spending cash. Most ATMs allow a maximum of 20,000B in withdrawals per day.

The downside is that Thai ATMs charge a 200B foreign-transaction fee on top of whatever currency conversion and out-of-network fees your home bank charges. Before leaving home, shop around for a bank account that has free international ATM usage and reimburses fees incurred at other institutions' ATMs.

Changing Money

Banks or private money changers offer the best foreign-exchange rates. When buying baht, US dollars is the most accepted currency, followed by British pounds and euros. Most banks charge a commission and duty for each travellers cheque cashed. Current exchange rates are posted at exchange counters.

Credit & Debit Cards

Credit cards as well as debit cards can be used for purchases at some shops, hotels and restaurants. The most commonly accepted cards are Visa and MasterCard. American Express is typically only accepted at high-end hotels and restaurants.

Contact your bank and your credit-card provider before you leave home and notify them of your upcoming trip so that your accounts aren't suspended due to suspicious overseas activity.

To report a lost or stolen credit/debit card, call the following hotlines in Bangkok:

American Express

MasterCard

Visa

Exchange Rates

AustraliaA$126B
CanadaC$125B
ChinaY1050B
Euro zone€137B
Japan¥10032B
New ZealandNZ$124B
South Korea1000W30B
UK£144B
USUS$134B

For current exchange rates, see www.xe.com.

Currency

The basic unit of Thai currency is the baht. There are 100 satang in one baht – though the only place you’ll be able to spend them is in the ubiquitous 7-Elevens. Coins come in denominations of 25 satang, 50 satang, 1B, 2B, 5B and 10B. Paper currency comes in denominations of 20B (green), 50B (blue), 100B (red), 500B (purple) and 1000B (beige).

Tipping

Tipping is not generally expected in Thailand, though it is appreciated. The exception is loose change from a large restaurant bill – if a meal costs 488B and you pay with a 500B note, some Thais will leave the 12B change. At many hotel restaurants or other upmarket eateries, a 10% service charge will be added to your bill.