banking in Thailand

Banking in Thailand

by Ray Clancy on April 30, 2010

Moving to Thailand?

Your guide to expatriate banking services in Thailand

Thailand is in Southeast Asia, between Myanmar to the west and north, Laos to the north and east, and Cambodia to the southeast. Thailand has enjoyed a decade of strong economic growth, but the economy has suffered as a result of the global financial crisis, as demand for exports dropped significantly.

The national language is Thai, although several minority languages are also widely spoken. English is mandatory in schools, but few people outside the major cities speak it fluently.

The unit of currency is the baht (THB), divided into 100 satang. As of April 2010, the exchange rate was approximately 51 baht to £1 GBP (pound sterling). [click to continue…]