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Thai Baht - THB

Thai Baht 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 issuance of Thai Baht. The currency code for Baht is THB.

Foreign debit 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.

THB Profile

Banknotes:

Freq Used: 20, 50, 100, 500, 1000

Central Bank: Bank of Thailand

Website: http://www.bot.or.th/english/

Users: Thailand

THB Stats

Name: Thai Baht

Minor Unit: 1/100 = Satang

THB is known to be an ?Exotic currency? ? Exotic currencies are illiquid, lack market depth and trade at low volumes? and the prices in India are often unfavourable. This is because the supply of Thai Bahts is often scarce in India. It is, therefore, often a smart travel decision to carry US Dollars in place of Thai Bahts when traveling to Thailand and exchange the USD for THB in Thailand. As counterintuitive as it may seem, the conversion from INR-USD-THB can indeed be significantly cheaper than the direct conversion from INR-THB. We recommend customers to explore both options before deciding to convert THB into INR

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Read More About THB to INR or INR to THB Conversion

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