Short Thai Money Exchange Guide

Where to Get the Best Foreign Currency Exchange Rates in Bangkok

To experience Thailand at its fullest, you’ll need cash. Credit cards are fine if you’re shopping at malls and eating at hotels. But let’s say you want to pay for a ride on a tuk-tuk. Or have a meal at a hawker center where locals go for lunch and dinner. And hire a long-tail boat to eat oysters on the Gulf of Thailand.

“Some things are just more fun when it’s cash only. Especially when nobody asks for a receipt.”
– The Wayfaringsoul Tip #25

What About Thai Banks?

The obvious and traditional choices are Thai banks, but not only will you get unfavorable rates; you’ll waste time waiting in line.

Imagine the wait at your local post office, add the time it takes to see your doctor, then triple it. That’s what dealing with Thai banks can feel like. Yeah, they’re that bad. ATM fees vary by bank, generally ranging from 280–330 THB for Mastercard and around 280 THB for Visa withdrawals. Maximum cash withdrawals depend on the bank but are generally 20,000-30,000 THB.

Bring Your Own Currency (BYOC)

There are a lot more organized, licensed money exchange operations now than when I first started living here.

I’ve been recommending and using SuperRich Currency Exchange (orange color), and they have multiple branches throughout central Bangkok. Close to attractions and major commercial centers, foreign tourists tend to congregate.

SuperRich Thailand (green color) is another well-known player in Bangkok’s licensed currency exchange market, offering travelers an alternative to the city’s more established exchange counters. They are almost everywhere, too. Kinda like the Burger King to McDonald’s.

When you are bringing your cash for exchange, remember:

• You get better rates for large denomination bills (i.e $50-100 USD)
• Bring new bills with no writing, markings, rubber stamp marks, etc.
• No serious wrinkles or damage.
• Bring your physical passport.

I can’t stress this enough. Make sure your cash is in good condition. I learned that the hard way when I tried exchanging a $100 bill with a rubber stamp mark right across ol’ Ben Franklin’s face. I went from one currency exchange counter to another, but every single one turned it down.

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