How to exchange Thai Baht in Thailand Where to exchange Thai Baht in Thailand

When you go to Thailand, you actually need to exchange the Thai baht first. Today I will talk to you about exchanging the Thai baht. You can exchange it in advance when you go. This will be useful for your future travels. helpful.

When traveling in Thailand, it is best to carry Thai baht with you, but the amount does not need to be too large.

Although most merchants accept UnionPay and credit cards, and some merchants also support Alipay and WeChat payment, there are still some merchants, especially vendors on the streets and markets, as well as buses and double strips. For transportation such as cars and taxis, only cash is accepted.

Thai baht can be exchanged locally after arriving in Thailand. However, if you want to apply for a visa on arrival, it is recommended to exchange the baht domestically in advance, because there is no ATM machine from the time you get off the plane to the visa on arrival office, only a money exchange counter. The exchange rate at the money exchange counter is very bad.

Pay the visa on arrival fee of 1,000 baht (2,000 baht after August 31st. You can only use Thai baht, not other equivalent currencies.

Domestic exchange

Bank of China and Industrial and Commercial Bank of China can exchange Thai baht in most cities. Generally speaking, it is more cost-effective to exchange Thai baht at ICBC than at Bank of China, but it is best to check and compare the exchange rates of the two banks on the day in advance.

Not every business office can exchange Thai baht, nor can it be exchanged every day, so you need to call at least one day in advance to make an appointment, and bring your ID card to the counter on the appointment date

Generally speaking, banks Only large-denomination banknotes of 1,000 baht are provided. If you need small-amount cash, you can go to a convenience store to buy something after arriving in Thailand and exchange it for small-amount cash.

There is a limit on the amount of Thai baht you can exchange. People can only withdraw the equivalent of less than US$10,000 per day (inclusive), and can only withdraw the equivalent of less than US$50,000 per year (inclusive).

Local exchange

The exchange situation in various parts of Thailand is slightly different. Different. There are many ATM machines in Bangkok and Chiang Mai, and it is convenient and affordable to withdraw cash directly with a card; Alipay and WeChat payment are highly popular in Chiang Mai and Phuket, and most purchases can be completed with mobile phones; Money exchange institutions in Phuket It is also a good choice to choose a reliable money exchange agency.

When exchanging Thai baht, be sure to choose a regular exchange agency and do not exchange with private individuals to avoid being deceived.

ATM machines< /p>

Withdrawing cash from an ATM is a convenient and cost-effective way. Regardless of the bank or the color of the ATM, the exchange rate is the same and is settled based on the Thai baht spot exchange price quoted by UnionPay on that day.

Although this method has a cost-effective exchange rate, the card-issuing bank and the bank to which the ATM machine belongs will charge handling fees. The handling fees of the card-issuing bank are different. The handling fee of the bank to which the ATM machine belongs is uniformly 50 baht (UnionPay or 150 baht (VISA and MASTERCARD.

1. Most ATM machines have Chinese interfaces, so don’t worry about not understanding it;

2. Some ATM machines can withdraw up to 20,000 baht, and some can withdraw up to You can withdraw 30,000 baht;

3. Try not to check the balance. Checking the balance requires paying 20 baht.

Money exchange agencies

In Bangkok, Chiang Mai, and Phuket. In areas where tourists gather, large and small money exchange institutions are scattered all over the streets. SuperRich, Exchange and VASU are the ones with higher exchange rates and more stores. Among them, SuperRich’s exchange rate is even higher than the exchange rate for withdrawing cash at ATMs, making it the most popular. A cost-effective choice.

Money exchange counters at the airport

There are money exchange counters at the airport before and after entering Thailand. The exchange rate is the lowest among all exchange methods. It is not recommended to exchange money here. .

Domestic exchange VS local exchange

Cost-effectiveness: Cash withdrawal at SuperRich ATM machine, domestic bank airport money exchange counter, how to exchange the Thai baht back for RMB if the remaining amount is not used up

The baht is not much, so you don’t need to exchange it back for RMB. You can keep it as a souvenir or use it next time you go to Thailand. You can also give it or exchange it to a friend who is going to Thailand.

If you have a lot of Thai baht left, you can buy duty-free goods at the airport.

Of course, you can also exchange it back for RMB, but you have to bear the exchange rate loss whether you exchange it at a local bank or a domestic bank. Generally speaking, you will lose less money when exchanging at a Thai bank than at a domestic bank. However, the advantage of exchanging at a domestic bank is that you can wait until the exchange rate is more cost-effective before exchanging.

Should I exchange Thai baht in advance or change it locally?

When you arrive at the airport in Thailand, there are ATMs where you can withdraw money, but if you arrive late, it is likely to be empty. I was at the airport at the time. No money could be withdrawn from the ATM because it was already past 11pm. Fortunately, I had exchanged some money at a colleague's place. There are also cash machines in the subway, BTS stations and 711. I later withdrew some from the ATM in the subway station.

So it is recommended to exchange some Thai baht at home. If you want to withdraw it at home, Bank of China, Industrial and Commercial Bank of China, and China Construction Bank can all exchange it, but you need to make an appointment one day in advance. If you go directly, it is generally not available, including Big cities like Beijing, Shanghai and Guangzhou.

It is said on the Internet that ATMs of different colors have different exchange rates. This news is probably not true. They are all the same, and they are all the exchange rates of the day.

You can apply for one that does not charge handling fees for the first few overseas withdrawals. However, although the card issuing bank does not charge a handling fee, local banks in Thailand will charge 150 baht per transaction, no matter how much is withdrawn. So try to take enough at one time, otherwise you will have to spend more money.

Tips:

There are many coins in Thailand, so it is recommended to bring a coin bag.

You need to bring 4,000 yuan with you when entering Thailand

Yes, I didn’t hear that, this is true. The staff also specifically told me when checking in at home that you need to bring it with you when entering Thailand. 4,000 RMB or the equivalent of Thai Baht is not only for visa on arrival. Everyone may be randomly checked, but the probability of being picked is low (but the random check rate for visa on arrival will be higher. Once you don’t bring it and are picked, If so, I might be deported, and there were no ATMs where I could withdraw money before entering the country, but I still didn’t bring it with me. I was worried about what to do if I lost so much cash with me, so I took a chance, but luckily I didn’t. I got drawn, but it's safer to carry it with me, so I don't have to worry about it.