Currency Exchange in Koh Chang

Koh Chang is Thailand's second-largest island, in Trat province, known for dense jungle, waterfalls and the beaches of White Sand Beach, Kai Bae and Lonely Beach. Cash Thai baht (THB) is needed for tours, motorbike rental and shopping at local markets. Here's where and how to exchange currency on Koh Chang through a licensed service — EXFM (Bank of Thailand license No. MC225670007).

Currency exchange on Koh Chang: what travelers need to know

The official currency of Thailand is the Thai baht (THB), in banknotes of 20, 50, 100, 500 and 1,000 baht. By law, payments in Thailand are made in the local currency — paying directly in dollars or rubles is only possible in a few tourist spots, usually at an unfavorable rate.

On Koh Chang you can exchange most major currencies — rubles, US dollars, euros — as well as convert an Online USD balance into baht. The rate depends on the exchange method, the amount and current market conditions. Cash baht is needed for jungle and waterfall tours, motorbike rental, ferry tickets and shopping at local markets.

How to get the best exchange rate

Compare rates. Rates among exchange services on the island can vary by 2-5%. Before exchanging a large sum, contact a manager to confirm the current rate.

Check the fees. Licensed services like EXFM build the fee into the rate with no hidden charges. Street changers often add extra costs.

Bring your passport. An ID document is required for any exchange amount and any currency — this applies always, not just for larger sums.

Exchange larger sums for a better rate. For significant amounts, you can often negotiate an individually better rate with a manager.

Ways to exchange currency on Koh Chang

EXFM reaches any part of the island — White Sand Beach, Kai Bae, Lonely Beach and other areas. A manager confirms which delivery method is available for your location, whether you need cash on the spot, a transfer to an account you already hold with a Thai bank, or a direct payment for a hotel, tour or restaurant bill.

EXFM operates under Bank of Thailand license No. MC225670007. Transactions follow AML/KYC standards, and fees are transparent and confirmed before the exchange.

Avoiding scams when exchanging money

Choose a licensed service. A copy of the Bank of Thailand license should be available on request — this is your main protection against counterfeit notes and hidden fees.

Be cautious with beach-side changers. An attractive rate from an informal changer often comes with counterfeit notes or short-changing tricks.

Count your cash on the spot. Check the banknotes for authenticity when you receive them.

Confirm the rate in advance. The final amount should match what was agreed before the exchange, with no hidden deductions.

Useful tips

• Plan your budget and exchange money in portions — rates update daily.
• Keep small-denomination notes on hand for the ferry, markets and taxis.
• Exchanging at hotels or the ferry pier is usually 7-10% worse — use it only as a last resort.
• Test the service with a smaller amount before exchanging a large sum.
• Keep your receipt — it helps with a return exchange or to confirm the transaction later.