Thai Currency (THB) – Learn About the Banknotes & Coins
^ The 10 Baht coin is the largest with a gold to bronze colour centre and silver on the outside.
^ The 5 Baht coin is the next in size as well as value. This coin is silver with a 9 sided polygon (nonagon) border on each side of the coin as well as a bronze/copper edge/rim.
^ The 2 Baht coin is smaller yet. This coin is gold to bronze in colour.
^ The 1 Baht coin is the smallest of the baht denominated coins. This coin is silver in colour.
^ Smaller coins denominated by the Satang are nearly worthless, they are copper in colour. 100 (one-hundred) Satang is equal to one Thai Baht.
Thai Bank Notes (THB = Thai baht)
All Thai banknotes vary by both size and colour. The pics below do are not correctly indicate the difference in size. The largest or longest banknote is the THB 1,000 banknote and all the others are progressively shorter down to the THB 20 banknote.
^ Starting with the THB 1000 banknote. It’s brown in colour. Size is 162 x 72mm. You’re most likely to receive THB 1,000 notes from currency exchange or ATM machines. Smaller merchants may not be able to provide cash for these notes. Tip: never get into a taxi without being able to pay the fare with THB 100 banknotes and/or lower because 9 out of 10 taxi drivers will tell you that they cannot change a THB 1000 or 500 banknote. Are they telling the truth?…up to them 🙂
^ The THB 500 banknote, size is 152 x 72mm. Purple in colour.
^ One of the most common banknotes is the THB 100 banknote, size is 150 x 72mm. Red in colour.
^ Next is the THB 50 banknote, size is 144 x 72mm. Blue in colour.
^ Finally, the smallest or shortest is the THB 20 banknote, size is 138 x 72mm. Green in colour.
TIP: Be careful not to confuse the THB 100 and 500 banknotes when lighting is poor. I sometimes mistake a THB 50 banknote (blue colour) for a THB 20 banknote (green colour) when paying for my taxi ride home after having a night out because they are similar in colour and size. Mark it down as poor light and poor concentration 🙂
All Thai banknotes and coins picture His Majesty the King. The King is loved dearly by the people, as such, show respect to the banknotes. Don’t step on notes or coins or do anything which may be deemed offensive. Thais are careful about how they handle money and like to keep bills nearly-crisp.
Avoid – Dynamic Currency Conversion (DCC) Scam
Outside of large malls and resorts, Thailand is by far a cash culture but things are slowly changing. Depending on your bank card, ATM’s limit you to 10,000 to THB 25,000 per day. Plan big purchases ahead and while credit cards are accepted at major shopping malls, resorts, and a growing number of restaurants & retail stores, never ever fall for the Dynamic Currency Conversion (DCC).
If a credit card terminal offers you an option of paying in your home currency, always select NO. Select payment in Thai Baht (THB) and your credit card will provide you with the best possible exchange rate. The dynamic currency conversion is a scam where only the merchant and their bank make money. It may look nice when they convert it to your home currency, but the exchange rate is poor and it’s still a foreign transaction to most banks. Finally, When you sign the sales slip, be sure you’re signing in Thai Baht (THB) currency.
NOTE: For current exchange rates, refer to the Currency Converter at the bottom of this webpage.
Happy days from the Home2go Team :
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