Are you overpaying your bank?
|Conversion rates US Dollar / Thai Baht|
|10 USD||300.10000 THB|
|20 USD||600.20000 THB|
|50 USD||1500.50000 THB|
|100 USD||3001.00000 THB|
Changing pounds or dollars in a currency exchange office on almost any street in Thailand gives you a better rate than most anywhere else. Airport rates are lower, don’t exchange all your cash at the airport. You will get a better exchange rate in Thailand than in your home country, almost without exception.
Kasikorn Research Center, a Bangkok-based think tank, has predicted that the baht is likely to remain strong vis-à-vis the dollar throughout 2020 , despite the ravages of the Covid-19 crisis and record low-interest rates of 0.5%.
1,000 baht a day is a lot more than the minimum wage (in the formal job market and way way more than up country) in Thailand. Few people would come Thailand to holiday as a poor Thai.
Online Prices Can range from 1000 – 1500 Baht Short time. Long time Add 500- 1000 Baht . The online method is also a great way to find a holiday Thai girlfriend for a few days or weeks at a time.
In Thailand , USD $100 Can Get You: 60-140 one-way trips on the Bangkok rail system (BTS/MRT); 2-3 one-way flights between Bangkok and Phuket.
Don’t change money over Thai baht before you get to Thailand . You can change your currency to Thai baht 24 hours a day at the airport. You will get your best exchange rate in Thailand . Stores and hotels usually have a lower exchange rate than the many bank money changers.
Banks or private money changers offer the best foreign- exchange rates . When buying baht , US dollars is the most accepted currency, followed by British pounds and euros. Most banks charge a commission and duty for each travellers cheque cashed.
If you’re looking to stay in Western hotels or expensive resorts, eat mostly Western food or in tourist areas, drink a lot, do a lot of tours, and fly a lot, you should budget 3,300–5,000 baht ($100–150 USD) per day. After that, the sky is the limit.
The strong baht is probably a combination of the $4-billion-per-month inflow from tourists and lower imports because of sluggish domestic consumption. True manipulation would be a gain for foreigners in Thailand as the BoT would weaken the baht to help exports.
All in all, the Thai Baht is probably overvalued due to its government’s view that the value of the Baht is negatively impacting the economy, low inflation which suggests interest rates could be cut further, and weak latest growth figures.
The currency rose to 29.81 baht per dollar on Thursday, approaching the seven-year-high of 29.75 recorded on the last day of 2019. The strong baht , however, hurts exports and tourism at a time when Thailand is trying to revive its economy.
Simon from Pattaya said a 1,000 baht gets him a Thai green curry, coconut rice and some beer whilst he can watch the sunset along Pattaya beach. Some common themes did crop up, besides the naughty comments, and they related to alcohol. George from Rayong said the money pays for a bottle Scotch and cigarettes.
The country faces problems with air, declining wildlife populations, deforestation, soil erosion, water scarcity, and waste issues. According to a 2004 indicator, the cost of air and water pollution for the country scales up to approximately 1.6–2.6% of GDP per year.
50,000 Baht a Month – Many western teachers in Thailand say the 50,000 baht figure is enough money for a comfortable lifestyle with several monthly ‘luxury’ items thrown in. 80,000 Baht a Month – Approximately $2,555, and you will be much closer to living in the lap of luxury.