What is the currency in Thailand?

Denis Sarychev
Denis Sarychev
January 15, 2013
What is the currency in Thailand?

Going on a trip almost all tourists wonder what currency in Thailand is preferable, what is better to take with them - the euro or dollars, and at what rate you can exchange rubles for the currency of this country. Let's try to figure everything out in order.

Thailand currency

First of all, find out what money is in use in Thailand. The national currency of the Kingdom (and in Thailand there is a constitutional monarchy) is the Thai Bath (Thai Bath). Baths are accepted in all shops, restaurants, cafes and other institutions of the country. The rate of this currency, as well as any other, is subject to fluctuations, but lately, the Thai economy is fairly stable and the cost of the baht does not change much in relation to the money of other countries.

The problem is that the Central Bank of Russia does not quote the baht, so the exchange rate of these currencies is calculated through the relationship of the ruble and Thai money to the dollar. However, this is not so important - now for 1 Thai baht they give about 1 ruble 4 kopecks.The latter are usually neglected in calculations - it is believed that our currencies are "one to one".

And yet, what currency in Thailand is more convenient for exchange? In fact, there is no big difference. The ratio of baht to the dollar or euro is consistent with global trends. The average rate of the American currency is about 31 baht for one dollar, and the European one is about 43.

As we have already found out, bats are accepted by all institutions of the country, but with foreign currency the situation is much more complicated. Perhaps in tourist centers, resort towns and expensive hotels you will take dollars or euros, but the exchange rate will be truly predatory. Cash rubles are unlikely to interest Thais at all.

You can make exchange operations in a branch of any bank. Even in the smallest town there must be at least one financial institution - through the state bank (pink signboard) they pay salaries to civil servants. Recently, it became possible to exchange rubles in exchange offices, but the exchange rate also leaves much to be desired.

When deciding what currency to take to Thailand, please also note that it is often easier and more convenient to pay by credit card.Ruble and dollar cards Visa and MasterCard, Russian banks operate on the territory of this warm country.