How to exchange Thai Baht when traveling to Thailand

1. To exchange Thai baht directly in the country, Bank of China can directly purchase Thai baht. You need to make an appointment in advance and bring your ID card and passport with a visa.

2. You can directly withdraw Thai baht from a UnionPay ATM machine in Thailand. You can directly withdraw Thai baht from an ATM machine with a UnionPay logo using a UnionPay ordinary savings card (debit card), and you can withdraw Thai baht directly from an ATM machine with a UnionPay logo in Thailand ATM machines are everywhere and it is very convenient to withdraw money. The exchange rate is calculated according to the exchange rate announced by UnionPay on the day.

3. Bring RMB to the Super Rich store in Thailand to exchange it. Super Rich’s “RMB to Thai Baht” exchange rate can be said to be the best among all money exchange institutions at present, and it is also the highest and safest exchange rate exchange place in Thailand. .

4. Take it to the Exchange counter in Bangkok to exchange it.

6. In stores where UnionPay cards can be swiped, you can directly swipe your UnionPay savings card (debit card) or credit card (credit card) and exchange it for Thai baht.

7. Exchange with the local tour guide (accompaniment).

Extended information:

In 1937, the official price of the Thai baht was 2.17 to 2.18 baht, which was equal to 1 US dollar. In May 1946, the official exchange rate was set as: 9.9 5 baht equals 1 US dollar, and 40 baht equals 1 pound.

In March 1947, the Thai government recognized the free market exchange rate and adopted a differential exchange rate for import and export trade settlement, ranging from 9.95 to 23.60 baht equal to 1 US dollar.

The pound devalued on September 18, 1949, and the Thai baht depreciated with it by 30.5 on September 26. The official price against the US dollar was devalued to 12.50 baht equal to 1 US dollar, and the free market exchange rate was 23.54 baht equal to 1 US dollar. .

In March 1955, the Thai baht devalued again.

In 1963, it was announced that the gold content of the Thai baht was 0.0427245 grams, and the official exchange rate was 1 US dollar equal to 20.80 baht. At the same time, the floating exchange rate was suspended.

Since 1971, as the US dollar ceased to be freely convertible and depreciated, the Thai baht has also continued to depreciate.

After the U.S. dollar devalued again on February 12, 1973, the Thai government announced on February 14, 1973 that it would still be pegged to the official exchange rate of the U.S. dollar, which would depreciate by 10 along with the U.S. dollar.

On April 10, 1973, it was announced that the gold content of the Thai baht had dropped to 0.0354164 grams. On July 15, it was announced again that the gold content of the Thai baht had risen to 0.0368311 grams. The official exchange rate was changed to 1 US dollar equal to 20 baht.

On March 8, 1978, the government announced that the Thai baht would be decoupled from the US dollar and instead linked to a basket of currencies. The Foreign Exchange Stabilization Foundation announced the buying and selling prices of the Thai baht against the US dollar, and asked commercial banks to restrictions on foreign exchange buying and selling prices.

On November 5, 1984, the Thai baht depreciated by 14.8, and the official exchange rate was 27.15 baht per US dollar. After that, the Thai baht appreciated.

The price at the end of 1990 was 25.290 baht per US dollar.

Reference: Baidu Encyclopedia-Thailand Baht