The currency used in Thailand is the Thai baht (THB). The baht is subdivided into satangs, with 1 baht equaling 100 satangs. The currency is crucial for everyday transactions in Thailand, including in local markets, shops, hotels, and restaurants. Coins and banknotes come in various denominations, making it easier for both locals and tourists to manage their expenses. The baht has fluctuated against major currencies, reflecting the country's economic conditions. While credit cards are accepted in many places, having cash can be handy, especially in less urban areas where electronic payment options may be limited.