Get Forex products at your doorstep we offer same day delivery in 185+ indian cities
Multicurrency Forex Card
Zero Forex Mark-upNo Hidden ChargesUp to 5% more SavingsUpto INR 5,000 Cashback
Foreign Currency Notes
Genuine High-Quality Notes40+ currencies OptionsRBI verified vendorsUpto INR 5,000 Cashback
Thai Baht
About The Thai Baht: The Currency of Thailand
Quick Facts About the Thai Baht Notes
| Country of Origin | Thailand |
| Symbol | ฿ |
| Currency Code | THB |
| Nick Names | |
| Minor units | Satang |
| Denominations (Banknotes) | ฿20, ฿50, ฿100, ฿500, ฿1000 |
| Motto | |
| Identification Feature | The 20 Baht to 1,000 Baht notes feature the image of King Maha Vajiralongkorn on the obverse side. |
| Issuing Bank | Bank of Thailand |
| In Circulation Since | September 19, 1902 |
| INR Exchange Rate | 2.5635 |
The baht is Thailand's official and de facto national currency. One dollar is equal to one hundred satang. According to data provided by SWIFT as of January 2019, the Thai baht is now ranked as the world's tenth most often used payment currency. The Thai baht is abbreviated as THB. The Thai Baht symbol is ฿.
It may come as a surprise to learn that in the country of Thailand, stepping on a coin or a banknote is considered to be an act of disrespect directed toward the monarchy. It is deemed rude to carry coins in the back pocket of one's pants for the same reason that one would be considered disrespectful if they sat on the King.
The Bank of Thailand, which serves as the country's central bank, is responsible for managing the currency and producing banknotes in the following denominations: 20, 50, 100, 500, and 1,000. There are coins with the values of 25, 50, 1, 2, 5, and 10 satangs, as well as 1, 2, and 5 satangs.
The current rate of Thai Baht is INR (2.5635 ) . You can keep an eye on the live Thai Baht value.
History of the Thai Baht
When a local medium of trade was first introduced in the first century B.C., the roots of the currency that is used today in Thailand may be traced all the way back to that time period. The structure of the Thai baht as it exists today, on the other hand, can be traced back to the beginning of the 20th century, when Chulalongkorn initiated a number of different reforms.
The term "Baht" has been used to refer to the money of Thailand ever since the nineteenth century. Both the tical and the baht were originally conceived of as weight-based units of exchange. Although it wasn't officially adopted as the nation's currency until the year 1897, the Baht had been in circulation for the majority of the preceding century.
The baht, much like the pound, was formed from a system of weights and measures that existed prior to the modern era. The value of bullet coins, known as phot duang in Thai, was first determined relative to the price of silver of a weight that was comparable to the value of the coin. These coins were in circulation as early as the Sukhothai era. These silver coins were cast to their precise weights in order to correspond with the baht, which is one of the traditional units of measurement used in Thailand. On October 28, 1904, Prince Jayanta Mongkol introduced a decimal monetary system in which one baht was equal to one hundred satang. Silver bullet coins ceased to be legal tender in the country the following year.
Before the redesign of the series 2 banknotes in 1925, the baht was sometimes referred to as the "tical" in the English language text that appeared on the banknotes. This English name was still printed on Thai banknotes all the way up until the year 1925, when the word was finally removed.
Countries Accepting the Thai Baht
The baht became Thailand's official currency in 1889, and to this day, it is the only currency that can be spent legally within the country. In Thailand, the satang serves as the country's subunit currency, and one baht is equivalent to one hundred satang.
Amount in the Thai Baht You Should Carry for Your Trip
If you’d like to enjoy a memorable vacation in the picture-perfect landscape of Thailand, then you must consider different aspects: meals, accommodation as well as transportation.
If you are on a budgeted trip, then you can spend about 2,000 THB per day per person. On the other hand, spending money on private transportation, dinners at high-end restaurants and staying at luxurious hotels may cost 10,000 THB. However, the amount that you spend on a scenic getaway for two might easily reach between 7000 THB and 15,000 THB or even higher depending on where you travel.
For a single night's stay in a hotel room in Thailand, you can anticipate paying anywhere from 500 THB to 1,000 THB per person. Your daily transportation costs could range anywhere from 150 THB to 400 THB per person per day, or even more, depending on whether you opt to walk, ride the bus, or call a cab.
Keep an eye on today Thai baht rate including the Thai baht rate today in Indian for a cost-effective holiday.
Best Ways to Identify Counterfeit Thai Baht Notes
There are a few ways through which you can spot the counterfeit Thai Baht notes:
The authentic Banknote paper is a specialised kind of paper that is manufactured from cotton fibre, which makes it considerably more robust and long-lasting than regular paper.
The intaglio method used on authentic notes produces a print that has a raised surface, is of good quality, and is clearly defined.
When held up to the light from either side, the watermark of His Majesty the King's image and the indication of transparent are both plainly distinguishable.
In the bottom left corner of each bill are a series of Arabic numbers that are hidden within the intricate design. You can decipher these concealed numerals on the note if you start in the bottom left corner and move your gaze towards the middle.
The thread of alternating colours that serves as a security feature is embedded in each and every banknote. Holding the thread up to the light enables one to view the entirety of the thread. In addition to that, it features letters and numbers that stand for the value of the banknote.
A vertical stripe of metallic hologram foil is inserted in the left margin of banknotes valued 100, 500, and 1,000 baht. This stripe is located on the front of each of these bills. When flipped over and viewed from a variety of angles, the foil stripe that is displaying the value gives the impression of altering its colour and taking on new shapes.
Process of Exchanging the Thai Baht
The process of converting the Thai Baht to Indian Rupee is immensely easy. Please note that the 1 Thai Baht to INR value is subject to change so keep an eye on the Thai Baht rate alert. Below, we have mentioned some of the popular ways to convert Thai Bahts to Rupees.
Internationally-Accepted Card
A multi-currency forex card is counted among the most economical and safest way of carrying the Thai Baht.
The BookMyForex Multi-Currency card can be loaded in 14 currencies and features zero forex mark-up.
Online Forex Marketplace
The simplest and most cost-efficient way of converting your Thai Baht is using an online forex marketplace such as BookMyForex, a platform by MakeMyTrip, offering the best conversion rates and currency exchange service. The platform offers a 5-minute fully-digital online process for currency exchange.
Visiting Your Bank
The most traditional way of converting the Thai Baht to Rupee is by visiting a bank and standing in long queues. It is not only time-consuming but you also end up paying a high cost for making the Thai Baht convert to Indian Rupees.
Local Money Changers
You can look for an Authorised Dealer Category II or someone who has a money changers licence. Money exchangers offer competitive Thai Baht exchange rates, and you’d not need a bank account in this case. However, the process of rate haggling can be quite frustrating for those who are looking for an easy way to convert Thai Baht to INR.
On the other hand,BookMyForex, the online marketplace, offers internationally-accepted forex card and currency notes at the best rates via a convenient online process.
Airport
If you would like to convert the Thai Baht in India, one of the costliest ways to do so would be to get the Thai Baht exchanged at an airport due to the exorbitantly high THB exchange rates. Currency exchange at the airport will prove to be 5%-15% costlier than BookMyForex.
Exchange the Thai Baht with BookMyForex
BookMyForex, the online forex marketplace by MakeMyTrip, makes it a hassle-free affair for you to convert the THB to Indian Rupees as well as Indian Rupee to Thai Baht. Please note that the 1 Thai Baht to INR value is subject to change so keep an eye on the Thai Baht rate alert. You should choose MakeMyTrip for currency exchange for the following reasons:
Wide Range of Products
Forex (Currency Notes) - Available in 100+ cities across India, BookMyForex allows you to get your currency notes delivered on the same day or the next day after 100% digital booking.
BookMyForex Multi-Currency - You can load this card in 14 currencies with 0% Forex Mark-up. Once you have booked this card, you can receive it the same day (if booking is made before 1 PM) or the next.
International Travel Insurance - TripMoney also offers international travel insurance at cheapest rates in the market. Also, you can opt for this product if you’d like TripMoney to handle your mandatory travel insurance requirements along with a VISA application.
Travel Loan - With TripMoney, you can avail a travel loan of up to INR 1,00,000 (lifetime limit) for all your travel and holiday needs.
Best Exchange Rates
BookMyForex makes it easy for you to buy Thai Baht or sell Thai Baht at live and best exchange rates.
Quick Money Transfer
You can also enjoy quick international money transfers on BookMyForex. The 5-minute digital process offers the best forex rates, and you can receive funds abroad within 12 to 48 hours.
Home Delivery
BookMyForex delivers the Thai Bahts at your doorstep. So, you can simply order and receive your currency from the comfort of your home.
Best Rates to Exchange the Thai Baht
You’d need to keep an eye on the current currency rates, if you’d like to know the exact value you’d get on converting 1 Thai Baht in Rupees. The exchange rates keep on fluctuating. BookMyForex, an online forex marketplace by MakeMyTrip, keeps you updated with the live currency exchange rates. You can keep up with the changing value of 1 Thai Baht in India in real-time on the platform and get the best deal. Currently, 1 THB is equivalent to 2.5635 INR .
Best Ways to Carry the Thai Baht
BookMyForex allows you to convert INR to the Thai Baht at the best exchange rates so that you can carry the Thai Bahts without any hassle. Some of the best ways to carry the Thai Baht are mentioned below:
Currency Notes
You can buy the US Dollar notes at live and best exchange rates on BookMyForex so that you can be ready for your trip with sufficient cash in your hand.
BookMyForex Multi-Currency Card - 0% Forex Mark-Up
The Multi-Currency Forex Travel Card available on MakeMyTrip with BookMyForex as the co-branding partner comes with 0% forex mark-up over interbank rates.
How to Buy the Thai Baht at Best Rates - Currency Notes and Cards
Whether you want to buy forex cards and currency notes or sell the Thai Baht, MakeMyTrip makes the entire process quite easy. It doesn’t matter whether you want to convert the Thai Baht to USD or INR to Thai Baht, you only need to follow the below-written steps:
- STEP 01
Select your city from the drop-down list.
- STEP 02
Choose the currency you have and the currency you want.
- STEP 03
Opt for a forex card or currency notes from the list.
- STEP 04
Mention the forex amount. The live currency exchange rate will show up next to it.
- STEP 05
The converted currency amount according to the exchange rate will show up automatically.
- STEP 06
Then proceed with booking your order.
Documents Required to Buy or Sell the Thai Baht
Here are some important documents mandated by the RBI that you must submit in order to buy or sell the Thai Baht in India.
Copies of your valid Indian passport
PAN Card
Confirmed air ticket indicating your plan to travel within 60 days
Valid visa (it may not be required for every country)
Different Purposes for Exchanging the Thai Baht
Private Travel: You can avail of up to THB 10,000 for a private trip to the Thailand.
Studying Abroad: You can purchase foreign exchange of up to THB 30,000 or up to the estimate shared by your educational institute.
Employment Purpose: In case you have a letter of employment, you can buy foreign exchange of up to THB 5,000.
Emigration: If you have an emigration visa, you can buy foreign exchange for up to THB 5,000.
Gift and Donation: You can gift or donate up to THB 5,000 annually on the basis of self-certification
Medical Treatment: On the basis of self-certification, you can buy foreign exchange of up to THB 50,000 for medical treatments outside of India. Once the limit is surpassed, you have to provide the estimated expense that would be incurred at the hospital.
Buy and Sell the Thai Baht Online at Best Exchange Rates
With BookMyForex, the online forex marketplace by MakeMyTrip, you can easily convert your currency. Enjoy unbeatable currency exchange rates and opt for BookMyForex Multi-Currency Cards as well as foreign currency notes. with no forex mark-up. MakeMyTrip also present the real-time value of one Thai Baht in Indian Rupees so that you can stay updated with the ever-changing Thai Baht value when converting your money to other currencies.
Home Delivery of the Thai Baht
In addition to a smooth online process, BookMyForex also delivers the Thai Bahts right at your doorstep. In fact, you can enjoy same-day door delivery. So, you do not have to waste any time visiting a local money exchanger and picking up your money.
Other currencies to INR Conversion
- USD to INR
- EUR to INR
- AED to INR
- THB to INR
- SGD to INR
- KWD to INR
- CHF to INR
- HKD to INR
- SAR to INR
- CAD to INR
- ZAR to INR
- AUD to INR
- JPY to INR
- GBP to INR
- NZD to INR
- MYR to INR
- VND to INR
- BHD to INR
- IDR to INR
- KRW to INR
- NOK to INR
- DKK to INR
- RUB to INR
- LKR to INR
- PHP to INR
- MUR to INR
- BDT to INR
- PLN to INR
Frequently Asked Questions
How do I get cashback after placing my forex order?
Find out more about the cashback offer on your Thai Baht purchase by clicking here.
How much time will it take for THB to be delivered to home?
Thai Baht exchanged through currency notes and cards reaches your home in a day.
How much THB can I carry to Thailand as a student?
If you are a student travelling to Thailand, then if you are carrying an amount worth over $15,000, it should be declared via a form.
What will happen to the leftover Thai Baht currency when I return from my trip?
You can easily exchange any leftover currency notes or the money left in your Forex card with MakeMyTrip, powered by BookMyForex, once you have returned from your trip.
Can I invest in the Thai Baht?
Yes, you can invest in the Thai Baht via mutual funds, ETFs, or ETNs. However, you should keep an eye on market fluctuation and geopolitical concerns.
Will I receive authentic Thai Baht notes?
Yes. MakeMyTrip offers genuine notes from RBI-licensed companies only.
Is it legally allowed to hold Thai Baht in India?
While it is acceptable to hold the Thai Baht up to the amount authorised by RBI, you cannot use this currency for any kind of transaction in India.
What if I run out of the Thai Baht currency while travelling?
If you are carrying a MakeMyTrip multi-currency Forex card while travelling, then you can easily load it up and receive the money abroad within 48 hours.
What is the Thai Baht symbol, and also, mention its subunit?
The symbol of Thai Baht is denoted by ฿ and its subunit is satang. 1 Thai Baht is made up of 100 satang.
Brief about the history of the circulation of the Thai Baht.
The term Baht has been used to refer to the money of Thailand since the nineteenth century. The Baht price was originally conceived of as weight-based units of exchange. The currency wasn't accepted as the official currency of Thailand until 1897 despite that the Baht had been in circulation since the preceding century.
Is the Thai Baht currency used frequently for transactions?
As per a report of the Society for Worldwide Interbank Financial Telecommunication in December 2023, the Thai Baht is the 10th most frequently used world payment currency.
Please tell me about the printer and the mint used for the issuance of Thai Baht.
-The printer used for the issuance of Thai Baht is Note Printing Works of the Bank of Thailand. Meanwhile, it's minted by the Royal Thai Mint.
Does Thailand have its own commemorative coins?
Yes, Thailand issues commemorative coins. A silver coin was launched to mark the 25th Anniversary Celebrations of King Bhumibol Adulyadej's Accession. Moreover, several commemorative coins have been issued in nickel, cupronickel and bi-metallic coins.