More Things You Need to Know About Thailand’s Baht

Previously, we talked about Thailand’s baht. (See: Everything You Need to Know About Thailand’s Baht) Here are more things you need to know about the Thai Currency.

The biggest banks in Thailand in order are Bangkok Bank, Krungthai Bank, Siam Commercial Bank, and Kasikorn Bank. All these banks are relatively easy access anywhere in Thailand. Siam Commercial Bank and Kasikorn Bank have bank outlets at airport with rates that are generally lower than other banks in the country. For these reasons, we recommend that you exchange money in Thailand because it mostly offer lower rates.

Exchanging money in Thailand is relatively easy. Independent money changers are spread across the country with Super Rich and Value Plus being the most dominating ones. They offer the best rates in Thailand. They are also convenient as most of them operate 24/7, especially at airports. There are also Forex booths and kiosks available in key points of the city.

Respecting the Baht
The Thai currency is considered as a sacred piece in the country due to it bearing the portrait of His Majesty King Bhumibol Adulyadej or a deceased relative. Because of this, the baht comes effectively under the lèse majesté law which is strictly enforced. The lèse majesté law prohibits any action including verbal, physical, or written act that disrespects the royal family.

Therefore, the following is NOT allowed to be done to the baht:
1. Stepping on the coin or bill. You may get the urge to step on the money if example a coin rolls away or a bill flies away. This could earn you a penalty.
2. Mishandling the baht. If, for example, you are angry or careless and you throw a bill or a coin at someone, it is a form of disrespect and could merit you a time in jail.
3. Deface or tear or burn the bill or coin. Defacing the baht will earn you the highest offense not only to the royal family but also to the people of Thailand.