Money and Currency Exchange in Thailand

Thai Currency

The basic unit of Thai currency is the “baht”. There are 100 “satang” in one baht.
The paper currency comes in denominations of 10B, 20B, 50B, 100B, 500B and 1000B
The coins come in 25 satang, 50 satang, 1B, 5B and 10B.

Exchanging money

Money can be exchanged at the airport, as well as banks and money changers. Many hotels also offer this service.

ATM machines

There are many ATM machines all over Chiang Mai and northern Thailand and most of them accept international cards. It’s a very convenient method of obtaining money without having to carry a lot of cash. However, charges may apply. Check with your banks.

You can also use credit cards to make purchases at many shops, hotels and restaurants.

Security

Have a think about how you’ll be carrying around all your cash, credit cards, debit cards, etc.
It’s advisable not to have them all in the one place and keep an emergency stash locked away perhaps in the luggage or the hotel security deposit box.

There are thieves and pick pockets especially in crowded places, so keep your money well hidden.

Tipping

Tips are considered as “gifts” rather than an obligation, and are of course, very much appreciated. How much you tip will depend on how generous you feel, and the quality of the service. Of course, if you’re not happy with the service, then don’t leave a tip.

Here is a little guideline to give you an idea:
Tips are expected in expensive hotels and restaurants. However, as a lot of these places now have a 10% service charge, leaving a tip in these circumstances is not necessary. However, it’s customary to give tips to hotel staff eg. bellboy when they carry your luggage to your room (10-20B).

In other restaurants, other than road side stalls, leave loose change left from paying the bill or 10-50B is sufficient.