the Thailand currency, with the satang as its unit.
One baht has 100 satang.
stores and the hotels accept the most of the credit
cards but, o f course, the cash is the one preferred
in most of the places.
have traveler checks you have to know that it’s not
accepted in too many places so you should change it
for money at one of the bank exchange that can be
found in any tourists’ destination.
satang coins and the 50 ones have very little
dimensions and are made of brass.
The coins are
rarely used and the tourists can use them at
department stores and supermarkets.
are also the 1, 2, 5 and 10 baht coins, the first 3
mentioned being silver and the last one consist of a
brass center with a silver ring around it.
The color and
the size of the bills vary: the 20 baht bill is green, blue
is for the 50 bill, red for the 100 bill, purple is the 500
baht bill and white is for the 1.000 bill.
bath bill is in circulation, is brown and is rare.
The coins and the bills circulate in more than just
one version, all are legal so don’t worry if you
have bills or coins with differences.
picture of the Thai king is on every bill and coin
and this is why they should be treated with respect.
The most of the Thai shops may accept your credit
cards but using the cards will cost you more.
example: if you use American Express the surcharges
will be of 5% and if you use Master Card or a Visa
card, the surcharges will be of 3%. This happens
because the merchants are charged by the credit
cards companies for doing the transactions.
The king Chulalongkorn is the one who introduced the baht in
1897. The exchange rate for the baht, fixed to the
American dollar was of $1 for 20 Thai baht, from the
World War II till 1980.
The value of the
baht started then to decrease, from 1985 till the summer of
1997 the exchange rate being of 25:1,
being the year when the financial crisis appeared in
Thailand as well as in the entire Asia.
summer of 1997 the Asian currency crisis begun in
Thailand and the stock markets, the currency as well
as the prices were affected not only in Thailand but
in all the Asian countries.
snowball effect was created by the Western investors
who started to pull the money out losing their
confidence in the East Asia’s securities.
of smile, Thailand, was very affected by this crisis
and the baht had an exchange rate established at
half of its value: 56:1 in the winter of 1998.
It managed to
reach again the rate of 40:1, a rate that has been kept
since that year.
For a good choice of hotels with
discount prices, visit
Bangkok Hotel for more