Money and Bargaining

The local currency in Thailand is the Thai Baht, which comes in denominations of 20 (green) 50 (blue), 100 (red), 500 (pink) and 1000 (beige). The larger the denomination the larger the note. Numerals are printed in Arabic numerals as well as Thai. Coins include denominations of 10, 5 and 1 baht. All paper denominations bear the image of HM King Bhumibol and should be handled with respect. There is no black market exchange for buying Thai Baht. US dollars are the most readily accepted currency, but all major currencies can be exchanged in most places. The exchange rate over the last few years has fluctuated around 40 baht to the US dollar. Travellers cheques get a slightly better rate. Visa and Mastercard holders can get cash advances from many banks, and ATMs accepting debit and credit cards are widely available. Food, accommodation and transport are generally inexpensive in Thailand. Tipping is not normally expected, though naturally appreciated. Anything bought at a market should be bargained for, while prices in department and food stores are generally fixed. Good bargaining takes practice. Remember, not every Thai is trying to rip you off, and there is a fine line between bargaining and niggling. Getting upset over 10 baht is pretty pathetic, and in the land of smiles a scowl makes an extremely poor bargaining tool.