Buy

The currency of Thailand is the baht (THB, ฿), written in Thai as บาท or บ. There are six coins and six notes:

• 25 and 50 satang (cent, copper colour) coins - nearly worthless and only readily accepted (and handed out) by supermarkets and 7-11s

• 1, 2 and 5 (silver colour) and 10 baht (silver/gold) coins

• 10 (brown - now very rare), 20 (green), 50 (blue), 100 (red), 500 (purple) and 1000 (grey-brown) baht notes

The most useful bills tend to be 20s and 100s, as many small shops and stalls don't carry much change. Taxi drivers also like to pull the "no change" trick; if caught, hop into the nearest convenience store and make a small purchase (or ask them for exchange).

ATMs can be found in all cities and large towns, and international withdrawals are not a problem. When using a debit card, an ATM will typically provide a much better exchange rate than a money exchange counter, and this is especially the case if you have a card that does not charge a transaction fee for overseas withdrawals (becoming common in countries such as Australia). ATMs are available at Bangkok's Suvarnabhumi airport (BKK) after collecting your bag and clearing customs, and while it is advisable to arrive with a small amount of baht if possible, you may want to obtain most of your cash from an ATM after landing.

More remote areas (including smaller islands) don't have banks or ATMs, so cash or traveller's checks are essential. Many hotels and guest houses will change money for guests, but hefty commissions and poor rates may apply. US dollars in small bills (1s, 5s, and 20s) are invaluable for onward travel to neighbouring countries other than Malaysia, but are only useful in Thailand for exceptional purchases (eg paying visa fees for Cambodia).

Credit cards are widely accepted in the tourist industry, restaurant and shopping mall or widely used in Bangkok and major cities.

Costs

In a word, Thailand is cheap, and excellent value to boot: the combination of a weak currency, low labor costs and plenty of visitors means that everything a tourist could possibly want is both available and affordable. 800 baht will get a backpacker a dorm bed or cheap room, three square meals a day and leave enough for transport and sightseeing. Doubling that budget will let you stay in decent 3-star hotels, and if you're willing to fork out 4000 baht per day or more you can live like a king. Bangkok requires a more generous budget than upcountry destinations, but also offers by far the most competitive prices for shoppers who shop around. The most popular tourism islands such as Phuket and Ko Samui tend to have higher prices in general.

Shopping

Thailand is a shopper's paradise and many visitors to Bangkok in particular end up spending much of their time in the countless markets and malls. Particularly good buys are clothing, both cheap locally produced streetwear and fancy Thai silk, and all sorts of handicrafts. Electronics and computer gear are also widely available, but prices are slightly higher than in Singapore, Hong Kong and Kuala Lumpur.

A Thai speciality are the night markets found in almost every town, the largest and best-known of which include Suan Lum Night Bazaar in Bangkok and the Night Bazaar in Chiang Mai. Here a variety of vendors from designers to handicraft sellers have stalls selling goods which cannot normally be found in malls and day markets. Most night markets also have large open air food courts attached.

You can also find marvelously tacky modern clothing accessories. Witness pink sandals with clear plastic platform heels filled with fake flowers. Night markets along the main roads and Bangkok's Mahboonkrong (MBK) Mall, near the Siam skytrain stop, are particularly good sources. Not to be left out is what is often touted as the world's biggest weekend bazaar - The Chatuchak Weekend Market or knowned to locals simply as "JJ" Market. Chatuchak sells a myriad of products ranging from clothes to antiques, covers over 35 acres (1.1 km square) and is growing by the day!

Haggling is the norm and often market and road-side vendors will try to charge you as much as they think you can afford to pay. It's not uncommon to buy something, walk outside, and find somebody who bought the same item for half or one third what you paid (or even less). Try to figure out the item's rough value first — adjacent stalls, government-run fixed price shops and even hotel gift shops are a good starting point — and you'll find that prices drop drastically when the seller realizes you have some idea of what it costs.