Thai baht is your best bet. Purchase when you arrive into Thailand for a better rate. The baht is the only currency you an use here. Don not change you GBP into any other currency, just change them into baht when you arrive.
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It is recommended not to buy any Thai Baht before arriving in Thailand as the rates offered in Thailand are always better than you could get back home. Cash exchanges in Thailand incur no commissions or fees. However, you should avoid changing cash at hotels, hostels or guesthouses because you will get a bad rate.
Will you need cash or credit card in Thailand? You need both. For markets, street stalls, tuk tuks and songtaews, you will certainly need cash. For convenience stores, shopping malls , hotels, larger restaurants and more, you can use your credit card.
Credit cards: Major credit cards, such as Visa and Mastercard, are widely accepted in Phuket, especially in tourist areas. However, it's still a good idea to carry some cash with you, as not all places may accept credit cards.
2 On-arrival-visa tourists and holders of transit visa must be able to prove that they have adequate finances equivalent to at least 10,000 Baht per person (around 350 USD) or 20,000 Baht per family (around 700 USD).
If you cannot manage to UP this budget, it is better to have a shorter vacation. So bring 20000 Baht for 9-10 days visit. To have a reasonable budget, I would suggest to plan for 2300 Baht per day per person for food-drink-transportation-tour etc, making it around 32,000 Baht for two weeks. What do youplan on doing?
On average, a budget traveler could get by on around 800 to 1,200 Thai Baht per day, which is approximately 25 to 40 US dollars. This budget would cover basic accommodation, food, transportation, and some activities. However, if you are looking for a more luxurious experience, you could expect to spend more.
Phuket is generally more expensive than the rest of Thailand. The island is never short of tourists with foreign currency because of its reputation as Asia's premier beach resort and the fact that it has its own international airport.
Yes, you will normally get better exchange rates in Thailand than in your home country. Exchange cash at an exchange office to get the best rates. Withdrawing cash using your card may cost you a fee. Hotel exchange desks will likely give you a poor rate.
Phuket Travel Guide: Money-Saving TipsAlthough Phuket is more expensive than many other islands in Thailand, there are still plenty of ways to save money here: Eat street food – Don't be afraid to eat the street food here. It's safe — even safer than most restaurants.
Don't Drink the Tap WaterFor the most part, it is. Though in Phuket, it is generally a subtle way of informing guests that the tap water is simply unsafe for human consumption. While it seems tedious to continuously buy potable drinking water, it is incredibly easy to do so no matter where you are on the island.
Overall, for a week-long trip to Phuket, Krabi, and Koh Samui, a rough estimate for a mid-range budget would be around $1,000 to $2,500 per person, excluding international flights.