|How to Exchange Money in Thailand and Get the
Best Rates Possible
(Updated July 2016
Don's Life In Thailand - Chiang Mai
When tourists come to Thailand (or Expats living in Thailand), one of the things they often worry about is
exchanging American dollars, British pounds, Australian dollars, Euros or other foreign currency for Thai
baht. Where should they exchange Dollars, Euros or Pounds, how do they get the best exchange rate,
should they exchange cash or should they draw money out of their US bank accounts with an ATM card
instead? There are several ways to exchange currency in Thailand, some better than others.
I've redone this page and provided links to other websites who do an excellent job of explaining your
Cash Advance (with Debit Card) - Up until about 3-4 years ago the exchange rate in Thailand was higher
than the exchange rate in the USA. Now the exchange rate is higher in the USA (about 1/2% higher).
BANGKOK BANK - They still handle Cash Advance with no fee. Go to the Cashier Counter and ask for a
"Cash Advance" (some branches have a special counter for Exchanges). Always ask for "Baht" instead
1. If you say you want $2000 worth of Baht, they will have to calculate the exchange rate here to
determine how much Thai Baht to give you (calculated using the Thai exchange rate)
2. If you say you want 30,000 Baht, they will give you the Baht and then send an electronic wire to your
Bank in the USA. The Bank in the USA will calculate the exchange rate there to determine how many
Dollars to charge your account.
SIAM BANK - Don't go here. They will tell you to use their ATM machine so they can charge you a fee.
OTHER THAN AMERICANS
Check the Exchange Rate in Thailand and then check the Exchange Rate in your country to determine
which is best for you
CHICK ON LINKS BELOW FOR DETAILED EXPLANATION OF YOUR OPTIONS
Don't Worry Just Travel
Compare Bank foreign currency exchange rates (through Thailand) at Day To Day Data