The Thai Baht is the currency used in the Kingdom of Thailand. There are five bank notes in circulation (20, 50, 100, 500, 1,000) and 6 coins (0.25, 0.50, 1, 2, 5, 10). You can still find 0.01, 0.05, 0.10 coins, but those are generally not accepted anymore. You would be surprised to know that the Thai Baht is one of the strongest currency there is in South-East Asia, and one of the top 10 trading currency in the world.
Historically, the Thai Baht was based on the value of silver thus its name in Thai, ngoen (เงิน), meaning silver. It is only in 1897 that a decimal system, easier to use, was introduced by King Chulalongkorn. The Thai Baht is now pegged to the US Dollar at about 30-35 Baht per Dollar.
In order for you to catch up with the latest exchange rate, we have included below a currency converter that you should use. All prices indicated on Phuketify’s website are in Thai Baht, except stated otherwise. You will discover soon enough that life in Thailand can be relatively cheap, or extremely expensive, depending on your lifestyle or type of vacations. Feel free to contact us should you have any questions about the beautiful island of Phuket and any needs for budget preparation.
Bear also in mind that money in Thailand must be treated with respect, as the portrait of the late King is on each face of bank notes and coins; throwing cash to the ground can be considered a lack of respect for the monarchy and bring you some troubles.