is the official currency of Thailand. According to SWIFT, as of October 2014, the Thai baht ranked as the tenth most frequently used world payment currency
. Bank of Thailand is responsible for the issuance of Thai Baht. The currency code for Baht is THB
Foreign Debit Card and credit card withdrawals from Thai ATMs incur a 150 or 200 baht fee levied by the local ATM owner, in addition to any fees added by your home financial institution. This is set to increase to 250 baht in August 2016.
1. Major credit cards
such as Visa, Mastercard, JCB and American Express, are readily accepted at most hotels, airlines, restaurants and upscale merchants.
2. To prevent your credit/debit card from being declined, it is important to advise your card issuer of your travel plans in advance.
3. Some institutions routinely block/deny unexpected charges from Thai merchants for fear of possible fraudulent use.
Convert THB to INR Online with BookMyForex.com
When you travel to Thailand, the best option for you is to Convert INR to USD here in India. It will be cheaper for you. Converting INR to Thai Baht in India, if Baht is available, will be very expensive. You can obtain USD for Interbank Rates + 0.5% surcharge with Bookmyforex.com. And you will be able to exchange USD to Baht in Thailand for the same margin. You'll only end up paying 1% conversion charges. Never change currency at an Aiport as they literally rob you. Changing currency at an airport is an expensive proposition. But if you are lucky enough to get INR to Thai Baht, it will be Interbank Rate and add to it 5-6% conversion charges
Convert THB to INR and Get it in a Range of Products
When you convert THB to INR or INR to THB, BookMyForex.com provides you with a range of Thai Baht products. Our travel related products include Thai Baht Cash Currency, Thai Baht Traveller's Cheques,
and Thai Baht Prepaid Forex Cards.
Prepaid forex cards are safer to carry and offer several additional benefits
. We also provide THB money transfer and remittance services using either THB demand drafts (DD)
or THB bank wire transfers (TT)
that are sent directly from an Indian bank to a bank in Thailand.