Understanding how money works in Thailand will help keep your holiday smooth and stress-free. From knowing the local currency to the best ways to exchange and spend your money, here’s everything you need to know before you go.
Thailand Currency
What currency is used in Thailand?
The official currency of Thailand is the Thai Baht (THB). Notes are available in denominations of 20, 50, 100, 500 and 1,000 baht, while coins range from 1 to 10 baht. The Baht is widely accepted across the country, and most prices are listed in local currency, even in tourist areas.
Can you use Apple Pay in Thailand?
Yes, Apple Pay is accepted in Thailand, but not everywhere. Major hotels, restaurants, shopping malls and some tourist attractions will accept contactless payments via Apple Pay, Google Pay and other mobile wallets. However, small local shops, markets and street vendors typically accept cash only, so it’s wise to carry some Baht with you at all times.
Can you use Wise in Thailand?
Yes, Wise (formerly TransferWise) is available in Thailand for online transfers and for spending money via the Wise debit card. It’s a convenient and cost-effective way to access funds abroad, offering live exchange rates and lower fees than traditional banks. The Wise card works at ATMs, hotels and restaurants that accept Mastercard or Visa.
What’s the best way to exchange money?
It’s generally best to exchange a small amount before leaving Australia for immediate expenses like taxis or snacks, and exchange the rest in Thailand, where rates are typically more competitive.
- In Thailand, currency exchange booths are common in airports, shopping centres and tourist areas.
- In Australia, exchange only enough for your arrival day; Thai exchange rates abroad are often less favourable.
- Always check rates and fees before exchanging and avoid using hotel exchange desks, which can be pricier.
Are there safe ways to withdraw cash in Thailand?
Yes, ATMs are widely available throughout Thailand, even on smaller islands. Most machines accept international cards like Visa and Mastercard.
- Thai ATMs usually charge a fee of 200–250 THB per withdrawal, in addition to any fee your home bank may charge.
- To minimise costs, withdraw larger amounts less frequently.
- Always use ATMs in secure, well-lit areas, such as shopping centres or banks.
What are the tipping practices in Thailand?
Tipping is not mandatory in Thailand, but it’s appreciated for good service.
- Restaurants: Round up the bill or leave 10% for excellent service in higher-end venues.
- Hotels: Bell staff or housekeepers often receive 20 to 50 THB for their help.
- Taxis and drivers: Rounding up to the nearest 10 or 20 Baht is polite.
- Spas or tours: A 5 to 10% tip is customary.
Most locals don’t expect large tips, and even small gestures are warmly received.
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