Managing your money while traveling is an essential step to avoid unpleasant surprises. Here is a complete guide to understand the different exchange options, common practices in Thailand, and practical advice to optimize your finances during your stay.
The basics: Don't put all your eggs in one basket
When you travel, diversify your payment methods: plan to use a combination of credit (or debit) cards, cash, and services like Revolut or Wise. Don't keep everything in one place to minimize the risk of loss or theft. It seems obvious, but many travelers only think about it after encountering a problem. Also, make sure you have digital access to your bank accounts to track your spending.
Understanding the Thai Baht and Exchange Rates
The baht (฿) is the official currency of Thailand. It is useful to monitor the exchange rates before you travel to get a general idea of the value of the currency.
- Current average rate: 1 € = approximately 36 to 40 baht (depending on fluctuations).
- Quick Conversion Tip: Divide the amount in baht by 30 to get an approximation in euros.
- Tickets available: 20, 50, 100, 500 and 1000 THB. Coins range from 1 to 10 THB.
For accurate and up-to-date rates, use apps like XE Currency or conversion widgets built into your phone.
Options for exchanging money in Thailand
1. Airports
Exchanging some money at the airport can be convenient when you arrive, but the rates are often less favorable.
- Exchange rate at the airport: Generally 5 to 10% lower than the best rates available in the city.
Normally, I would tell you, "Limit yourself to a small amount sufficient to cover your initial expenses." EXCEPT! At Suvarnabhumi Airport (the main airport through which you should arrive in Bangkok), you will find, in the basement level, in the area adjacent to the SRT train entrance to the city center, an entire area with currency exchange offices offering... same advantageous rates as in the city.
2. Banks
Thai banks offer fair exchange rates and are present in all tourist areas, shopping centers, and major cities. In malls, they are generally open 7 days a week.
In smaller towns, it is often the only option in the absence of independent offices.
3. Super Rich: the reference for foreign exchange
Super Rich is known for offering the best rates. They have several branches in Bangkok and other major cities. Remember to bring your passport, which is required for currency exchange.
- Practical tip: Exchange small amounts to avoid carrying too much cash.
- Key address: An agency is located opposite the Central World shopping center (SuperRich 1965).
- Hours: Generally 9am–20pm, but vary depending on the location.
- Official website: https://www.superrich1965.com/en
Even if the rates are similar, don't confuse them with SuperRich Thailand (green), located directly opposite.
website: https://www.superrichthailand.com/#!/en
4. ATM and bank withdrawals
ATMs are ubiquitous. However, each withdrawal incurs a local tax :
- Costs : Most are at 220 THB, but some banks are now at 250 THB.
- Tip: Opt for larger withdrawals to reduce the impact of fixed fees.
- Recommended cards: Revolut, Wise, N26 or any card with no foreign transaction fees.
- DCC: Always refuse the "Withdraw in your home currency" option: the private rate can result in a loss of 8–12%.
- Isolated islands: Some islands have no ATMs → plan to bring cash in advance.
ATMs are your friends (Source).
5. Hotels and shops
Exchanging money in hotels or small, non-specialized shops is rarely advantageous. Avoid it unless it's an emergency.
Managing your money in Thailand
Card payments
- The cards are accepted in department stores, upscale restaurants and hotels.
- For small expenses (markets, stalls, transport), cash remains predominant.
Locally, cash tends to disappear in favor of payment by QR Code (PromptPay) via Thai banking apps.
Please note: For tourists, this only works if your international bank is compatible (e.g., Revolut). Standard French cards cannot be used to scan a Thai PromptPay QR code.
Cash payments
For tourists, Cash remains kingbecause many small businesses still do not accept the card.
To break a 1,000 THB note, go to a 7-Eleven convenience store. They usually have change, although they might refuse for very small purchases.
Tips
In Thailand, tipping is not mandatory, but appreciated.
20 to 40 baht is sufficient depending on the situation, or a simple round-up (practical to avoid small coins).
- Particular case : If a "service charge" (10%) is already added, I leave nothing more.
Indicative budget
Here is an idea of the average costs for a stay in Thailand:
- Local meal: 60 to 120 THB (1,5 to 3,5 €).
- Public transport: 15 to 50 THB (from 0,50 €).
- Accommodation : 500 to 1 THB (500 to 13 €) for simple to mid-range hotels.
Money Limits and Customs
When entering or leaving the country, you must declare any amount exceeding USD 20 (or equivalent).
This is part of the anti-money laundering rules.
- Tip: Also check your country's rules regarding the transport of cash.
Tips to avoid scams
- Check the tickets: Counterfeit banknotes are rare but do exist. Compare the texture and security features if you have any doubts.
- Exchange your currency at reliable locations: Super Rich, banks, or renowned firms.
- Beware of hidden costs: Some restaurants add VAT (7%) + service charge (10%).
- Distribute your species: Never keep everything in the same place.
In a nutshell
To optimize your money management in Thailand, combine several solutions: exchange currency at reliable bureaus like Super Rich, use fee-free credit card payments, and make careful ATM withdrawals. Prepare your finances before you leave and fully enjoy your trip without financial worries.
Have a nice trip !
