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Thailand Information - Money Matters

Business Hours | Thai Currency | Credit Cards
Tipping | Bargaining

Business Hours

The private sector operates from 9 am to 5 pm, while the public sector operates from 8:30 am to 4:30 pm, Monday to Friday, except on public holidays. General banking hours are Monday to Friday 9.30 am to 3.30 pm.

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Thai Currency

Notes are issued in denominations of B1000 (gray), B500 (purple), B100 (red), B50 (blue), B20 (green), and B10 (brown). There are 10, 5 and 1 baht coin, and 50 and 25 satang. There are 100 satangs in 1 baht.

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Credit Cards

All major credit cards (Visa, Master, American Express, Diner) are widely accepted throughout the kingdom. Most foreign currencies and traveller cheques are easily changed at banks, hotels or moneychangers in cities mainly.

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Tipping

Tipping is not a usual practice in Thailand although it is becoming more common. Most hotels and restaurants add a 10% service charge to the bill. Taxi drivers do not require a tip, but the gesture is appreciated.

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Bargaining

Fixed prices are the norm in department stores, but at most other places bargaining is to be expected. Generally, you can obtain a final figure of between 10-40% lower than the original asking price. Much depends on your skills and the shopkeeper's mood. But remember, Thais appreciate good manners and a sense of humor. With patience and a broad smile, you will not only get a better price, you will also enjoy shopping as an art.

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Source

www.tourismthailand.org by Tourism Authority Of Thailand (T.A.T.)


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