Thai dollar versus Thai baht
After arriving in Thailand, US dollars were directly converted into Thai baht. This is the best exchange rate. The exchange rate of 100 and 50 denominations can reach 1:33, and other small denominations are even lower. Pay attention to show your passport when changing money. In Bangkok, the best exchange rate bank is the super rich, and there is no handling fee. The super-rich at Suvarnabhumi Airport in Bangkok are on the B 1 way to the city line. In addition, there is also one around Shuimen Grand C and BTSAOK Station in the center of Bangkok, and there is also one at the intersection of Lane 6 or Lane 8 of Sukunyi near BTSAOK Station. "We can speak Chinese" is posted on the lunar calendar in Shanghai. However, there are no super-rich people in some cities in Thailand. At this time, it is necessary to compare the exchange rates of several exchange points and then exchange them. Another thing to note is that you have to ask if there is a handling fee. The exchange rate of the US dollar exchange point is really good, but SuperRich is a little worse. It is definitely the best to have US dollars in hand, but if you are going to change RMB into US dollars in Xi 'an, China, and then take it to Thailand for Thai baht, there will be two exchange rate conversions here, so you should pay attention to see if it is more cost-effective. It is best to exchange dollars when the trip is close to the high point to offset the exchange rate difference, except for traders.
Because the US dollar exchange rate of every bank in China is different, you can check the real-time exchange rate before changing RMB into US dollars. At least, you need to find a bank that is higher than the exchange rate of UnionPay dollars. SuperRich official website is clicking to view, and here you can also view the real-time exchange rate of the US dollar against the Thai baht.
If you are still worried that the amount of cash carried at customs clearance will be spot-checked, you can also directly convert RMB into US dollars in China and then convert it into Thai baht in Thailand. Another function of the dollar is to pay the hotel deposit. But you can also use Thai baht, but the deposit will not be refunded before checking out. Usually at this time, the tour is over and I don't often go to Thailand. How to spend the returned Thai baht is also a problem.
Thai RMB to Thai baht
The second way is to directly exchange RMB for Thai baht in Thailand. This method is not recommended. Comparing the exchange rates of the super-rich and UnionPay on the same day, sometimes it is the same, and sometimes UnionPay is better. However, when it is rarely higher than UnionPay, if RMB is exchanged for Thai baht, it is necessary to compare several companies. The exchange rate of RMB at different exchange points is quite different. Better than the super rich. Don't exchange RMB for foreign exchange in Xiangdao. Exchange rate super pit.
UnionPay card ATM cash withdrawal
The third way is to use UnionPay cards to withdraw cash directly from ATMs in Thailand. The UnionPay card mentioned here is a debit card and a savings card. There will definitely be a handling fee for ATM withdrawal. The handling fee here refers to the handling fee charged by domestic card-issuing banks, but some banks waive the handling fee. For example, savings cards issued by Sino-German Housing Savings Bank (Tianjin, Chongqing) are exempt from handling fees for cash withdrawal or inquiry at ATMs at home and abroad. This fee-free UnionPay card is definitely the first choice. Not only in Thailand, but also in Japan, Indonesia and Vietnam. Cash withdrawal fees of major banks: click to view, but to be on the safe side, it is recommended that you consult the issuing bank's overseas cash withdrawal policy and whether your UnionPay card has opened the overseas cash withdrawal function.
However, it is not only good to charge this service fee, but also the service fee charged by overseas banks. At present, except for the ATM of Bank of China (Thailand) in Thailand, other banks in Thailand charge a service fee of 150 baht, which is still charged according to each transaction. The handling fee for one-time withdrawal 150 baht or one-time withdrawal of 30,000 baht is 150 baht, so it is most cost-effective to take the upper limit of a single amount at ATM. Please refer to the website for ATM charges and single withdrawal limit in Thailand: click to view.
Besides the single withdrawal limit of ATM, we should also pay attention to the single withdrawal limit and daily withdrawal limit of domestic card issuers. For example, domestic banks stipulate that the limit of each withdrawal is 5000 yuan, then the single limit of ATM can only be 5000 yuan at most (the exchange rate changes in real time and can be calculated by itself). If it exceeds 5,000 yuan, it will be taken again, but the automatic cash withdrawal opportunity will charge 150 baht.
Domestic exchange of Thai baht
In China, only ICBC and BOC can exchange Thai cash. In terms of exchange rate, ICBC is generally better than UnionPay and BOC. See here for the Thai baht exchange rate of relevant banks: click to view. If ICBC can exchange Thai baht in your city, you can exchange it directly. Otherwise, you'd better go to an ATM in Thailand to withdraw cash.
Summary: Domestic ICBC's US dollar cash is better than ATM cash withdrawal (free of charge by the issuing bank) and RMB cash.