![]() ![]() ![]() If you decide to use a credit card to purchase something instead of withdrawing the money from an ATM, you’ll pay even more in exchange rate fees, typically between 2% to 2.5%. Global network of over 1.65 million hospitals worldwide.Inpatient and daycare coverage, including COVID-19.A minimum annual limit of $1,000,000 USD.With Cigna Global, you get a health insurance plan specially customised for expats in Thailand. Looking for Recommended Expat Health Insurance? You can use Monito to compare rates from different online transfer services and find out which one offer the best rates. If you don’t want to bring that much cash with you, an online transfer is a good alternative. You’ll get the best exchange rates when exchanging your money inside of Thailand. In virtually all countries, including countries neighboring Thailand, you tend to lose 5% to 10% at the very least if you exchange your local currency into baht. This method is by far the most expensive. Never exchange your money into Thai Baht in your home country. It’s not illegal, as some people may think, but you may be asked to provide some information as to where the money came from or what you plan to do with it. Keep in mind that if you bring more than $15,000 (or the equivalent in any other foreign currency) into the country, you’ll have to declare it at the border. Exchange your leftover Thai Baht into your home currency while you’re still in Thailand (or USD if your home currency has a large buy-sell spread). The same goes for when you leave Thailand. So exchanging your currency into US Dollars and then into Thai Baht will give you a higher exchange rate than exchanging your currency into Thai Baht. This works because exchange rates for US Dollars are much better than smaller currencies. Then exchange the dollar to baht once you’re in Thailand. However, if you’re from a smaller country and are forced to bring cash, it may be a good idea to exchange it into US Dollars first. In that case, bringing money with you in cash works out to save you a lot of money over the less favorable ATM and credit card rates, assuming you use a low-cost exchange service like SuperRich or others listed in this article. Change Your Money to US Dollarsįor major currencies like USD, EUR, GBP, AUS and CAD you tend to get very good exchange rates in Thailand. It’ll cost more than hailing a taxi at the airport, but depending on how much money you’re carrying, it’s worth the peace of mind–and might save you more in the end. You can use to compare and book a ride from the airport to your hotel. Although you probably won’t run into any issues, it’s best to play it safe. If you’re coming to Thailand with a lot of cash that you plan to exchange in the country, avoid taking a local taxi. During the day there tend to be few issues with pick-pockets, bag snatchers, and other petty criminals.īut when carrying a lot of cash with you, avoid crowded places like buses and trains, nightlife areas, and other places popular with tourists. FIND OUT MOREĪre you a traveler? Read the following three sections before moving on.Īre you an expat? You can skip to this section. Whether you're moving for business or pleasure, our guides will save you money, help you navigate the usual obstacles and ensure you make the most of one of the world's most dynamic countries. With over a hundred pieces of in-depth content written by the experts, we make Thailand easy. Start Your New Life in Thailand Worry-Free ![]()
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