How to exchange money for a trip to Thailand?

1. Bank of China can buy Thai baht directly at the highest exchange rate among domestic direct purchases, but not all business halls or all the time. You need to make an appointment in advance, bring your ID card and passport, and only handle it on weekdays. The exchange limit is RMB 50,000, and all the converted Thai baht denominations are 1000, with no small denomination.

2. You can use your bank card to withdraw Thai baht directly from an ATM with UnionPay logo or an associated bank in Thailand. It should be noted that the deposit balance of ATM shows the amount of Thai baht calculated according to the foreign exchange quotation of China UnionPay at that time, not the balance of RMB. The exchange rate is calculated according to the selling price of Thai baht published by Bank of China on the same day, but the issuing bank will charge a certain handling fee (generally 0.3%-0.5%, with a minimum charge of RMB 10 yuan). At present, some international banks, such as Citibank, joint-stock commercial banks, such as Huaxia Bank, and local banks, such as Nanjing Bank and Ningxia Bank, offer preferential treatment for overseas cash withdrawals, but Thai banks usually charge a handling fee of 50 baht per transaction.

Generally speaking, the exchange rate of banks will be slightly lower than that of street exchange shops, so compare the exchange rates before changing money. The business hours of domestic banks in Thailand are usually 8:30- 15:30 from Monday to Friday and closed on Saturday and Sunday.

Thai baht is the official currency of Thailand. The unit is "baht", and the English baht is pronounced "ba". There are five kinds of banknotes with denominations of 10, 20, 50, 100, 500 and 1000 baht and seven kinds of coins with denominations of 5, 10, 20, 50 sadang and 10 baht in circulation. 1 Thai baht equals 100 Sadang.