THAILAND
Money &
Cost
Thailand's unit of currency is the baht (abbreviated to "B"),
which is divided into 100 satang. Notes come in B10, B20, B50,
B100, B500 and B1000 denominations. At the time of writing, the
exchange rate was B40 to US$1 and B60 to £1. Banking hours
are Monday to Friday 8.30am-3.30pm, but exchange kiosks in the
main tourist centres are often open till 10pm, and upmarket hotels
will change money 24 hours a day.
The Don Muang airport exchange counters also operate 24 hours,
so there's little point arranging to buy baht before you arrive.
If you have a PIN number for your credit/debit card, you should
also be able to withdraw cash from hundreds of 24-hour cashpoint
machines around the country.
In a country where the daily minimum wage is under B150 a day,
it's hardly surprising that Western tourists find Thailand an
extremely cheap place to travel. At the bottom of the scale, you
could manage on a daily budget of about B300-400 if you're willing
to opt for basic accommodation and eat, drink and travel as the
locals do, spending B80-120 for a room (less if you share), around
B100-150 on three meals, and the rest on travel and incidentals.
With extras like air conditioning in rooms and on buses, taking
tuk-tuks rather than buses for cross-town journeys, and a meal
and a couple of beers in a more touristy restaurant, a day's outlay
will rise to a minimum of B800. Staying in expensive hotels and
eating in the more exclusive restaurants, you should be able to
live in extreme comfort for around B2000 a day.
If you need money wired to you in Thailand , you can pick it up
from the following agents in Bangkok: American Express at Bangkok
Bank, 33 Tha Silom, Bangkok (tel 02/236 8970); any Bangkok branch
of Siam Commercial Bank, including the centrally located one at
1060 Tha Phetchaburi, Bangkok (tel 02/256 1220); Thomas Cook at
Bangkok Bank, 33 Tha Silom, Bangkok (tel 02/236 8970); Western
Union at any Bangkok branch of the Metropolitan Bank - call 02/224
3727 for addresses.
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