Thailand is a popular tourist destination known for its beautiful beaches, rich culture, and delicious cuisine. But aside from its many attractions, one thing that visitors to the country should also be aware of is the local currency.
The currency of Thailand is the Thai Baht, which is abbreviated as THB. The Baht is divided into 100 satang, although coins of this denomination are rarely used. Banknotes are the primary form of currency in circulation, with denominations ranging from 20 to 1,000 Baht.
The Baht has been the official currency of Thailand since 1897, when it replaced the previous currency, the Tical. The Baht is issued and regulated by the Bank of Thailand, the country’s central bank.
When visiting Thailand, it is important to have some knowledge of the local currency in order to avoid any confusion or misunderstandings. While major credit cards are widely accepted in tourist areas, it is still advisable to carry some cash for transactions at smaller establishments or markets.
It is also worth noting that exchanging currency in Thailand can be done at banks, currency exchange booths, or even at the airport. However, it is recommended to compare rates and fees before exchanging money to ensure you are getting the best deal.
Overall, having a basic understanding of the local currency is essential for anyone visiting Thailand. By familiarizing yourself with the Thai Baht and how to handle it, you can enjoy a hassle-free and enjoyable experience during your time in this vibrant and diverse country.