EXCHANGE EUROS IN BAHT AND INTERESTING FACTS ABOUT THE THAI CURRENCY
THAI BAHT: THE CURRENCY NAMED AFTER A UNIT OF WEIGHT FOR GOLD
According to Countryaah, the baht (THB) is the currency of Thailand. Originally, however, bath is a unit of weight used to indicate the weight of precious metals such as gold and silver. One baht corresponds to a weight of 15.244 grams with a 96.5 percent gold content. This unit of measure is still used today by goldsmiths and jewelers in Thailand. By the way: You can also conveniently buy precious metals such as silver and gold online in the XE’s online shop.
THE FIRST MODERN THAI BANKNOTES WERE PRINTED IN GERMANY
The first modern banknotes that were issued in Thailand came from a German printing company: in 1892 the notes produced by the Giesecke & Devrient printing company arrived in Bangkok. The baht is divided into 100 satang. In trade, however, the satang coins play almost no role anymore. The most common are banknotes with a value of 20, 50, 100, 500 and 1000 baht, as well as coins with a value of 1, 2, 5 and 10 baht. You can find out the current exchange rate to the euro at XE here or in our currency converter.
TEMPLES ARE DEPICTED ON THE COINS
Thai coins are available at 1, 2, 5 and 10 Baht. There are also coins for 25 and 50 Satang – but they are only accepted in larger supermarkets. Coins of 1, 5 and 10 Satang have not been in circulation for a long time. Significant Thai temples are depicted on the reverse of the coins.
THE 10 BAHT BILLS ARE NO LONGER IN USE
Banknotes are issued in Thailand in denominations of 20, 50, 100, 500 and 1,000 Baht. In contrast, the 10-baht bills are no longer in use. Various Thai kings are depicted on the bills, such as King Ananda Mahidol (Rama VIII.) On the 20 baht note or King Chulalongkorn (Rama V) on the 100 baht note. The notes are issued by the Thai Central Bank.
ORDER CASH ONLINE BEFORE YOU TRAVEL
Tips are not expected in Thailand’s popular street restaurants, but in classic restaurants it is common for the change coins to be left behind. In any case, it is a good idea to stock up on a small amount of cash before you travel – for example for the taxi ride from the airport to the hotel. Here it is important to have some 5 and 10 baht coins ready for payment. You can find more helpful tips for a stay in Thailand in our travel information about Thailand.
BUY THAI BAHT ONLINE
You can buy Thai baht and other currencies (sorts) in the XE online shop. Simply select the type you want, display the current rate and you can order it online. The travel money will then be conveniently delivered to your home within a few days. You can also change Thai Baht in one of our numerous XE branches.
THE CURRENCY AT A GLANCE
1 baht = 100 satang. Currency abbreviation: Bt, THB (ISO code). There are banknotes with a value of 1000, 500, 100, 50 and 20 Bt. Coins are in circulation with a value of 10, 5, 2 and 1 Bt as well as 50 and 25 Satang. In addition, there are a large number of commemorative coins that are also legal tender.
FOREIGN EXCHANGE REGULATIONS
The import and export of the local currency and foreign currencies is unlimited. When importing and exporting foreign currency, amounts that exceed the equivalent of US $ 20,000 must be declared. Foreigners must declare amounts of Bt 50,000 or more when exporting their local currency.
Attention: On the onward journey to Cambodia, Laos, Malaysia, Myanmar or Vietnam, only foreign currency with the equivalent of up to 500,000 Bt may be carried.
In Thailand, the use of the virtual currency Bitcoin is prohibited by law. The virtual currency may not be used for payment transactions, and transfers abroad are also prohibited.