Understanding money in Thailand is simple once you get the basics. Here’s a quick and friendly guide to help you shop with confidence and avoid common mistakes.
1. Get to Know Thai Baht (THB)
Thailand uses the Thai Baht (THB). The most common banknotes are: 20, 50, 100, 500, 1000 Baht. Coins include: 1, 2, 5, 10 Baht. Tip: Keep small change (20, 50, 100) for street food, markets, and taxis.
2. ATM or Currency Exchange?
Both are easy to find anywhere.
- ATMs: Convenient but often charge a 200–220 THB withdrawal fee.
- Money Exchange: Better rates, especially at major brands like SuperRich or Value Plus.
Tip: Avoid exchanging at the airport unless necessary — the rate is usually lower.
3. Where to Shop in Thailand
Thailand is a shopping paradise. You’ll find:
- Street markets for clothes, food, and souvenirs
- Local boutiques for handmade goods
- Malls like ICONSIAM, MBK, CentralWorld
- Night markets for affordable finds
Each place offers a different vibe, so explore a bit of everything!
4. Bargaining — When and How
Bargaining is normal at markets, but not in malls or restaurants.
How to bargain politely:
- Smile and be friendly
- Start by offering around 20–30% less
- Meet in the middle if the seller counters
- Walk away politely if the price isn’t right
Tip: If the price is already low, no need to bargain too hard.
5. Tax Refund for Tourists
If you shop 2,000 THB or more (per store), ask for a VAT refund form (PP10). You can claim your refund at the airport before departure. Look for shops with the “VAT Refund for Tourists” sign.
6. Mobile Payments
Some shops accept credit cards, but small stalls prefer cash. Mobile payments like QR code or PromptPay are common among locals, but tourists may need a Thai bank account — so cash is still best for small purchases.
7. Avoid These Common Mistakes
- Don’t carry only 1,000 Baht notes — many street vendors can’t break them.
- Don’t accept damaged or torn notes; shops may reject them.
- Don’t hand your credit card to unknown vendors — use official terminals only.
- Don’t forget to check the price before ordering food or booking a service.
💡 Final Tip
Thai people are very friendly and helpful. If you’re unsure about a price, direction, or payment method, just ask politely — most will happily guide you.
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