I know that far from the city Exchange places only take new $100 USD bills. But I have some American 20's that I would like to get rid of first before I start using my hundreds. Is it possible to change these or will I be out of luck?
#1 owsleybeck has been a member since 1/5/2007. Posts: 9
i'm fairly sure you can change any denomination of US cash at almost any exchange booth in thailand. larger bills are preferred and the newer or at least cleaner crisper bills are preferred as well. even so, i've exchanged $1 bills on several occasions.
the hitch is that the smaller the bill, the worse the exchange rate. you'll typically get the best rate for large bills like $100s. bills like $20s and $5s will net you typically about 1 baht per dollar less. there should be no additional fees for changing cash no matter what the denomination.
one last thing is that you might want to consider keeping a few of those smaller bills handy in case you get caught short on baht and need to change just a bit of money in a hurry just to get by. that way you'll only be getting a really bad rate for the $20 instead of for the $100. just in case. cheers.
Not sure where you got your info re USD100s , but think you may have interpreted it slightly wrongly. Most places will exchange pretty much any denomination of dollar bills, but will not accept the old-style $100 bills, due to forgeries, hence the need for "new" $100 bills. This can be the same for other denominations, also.
#4 GussieG has been a member since 9/9/2006. Posts: 24
I had no problem exchanging USD $20, 50 and 100 bills at two different foreign exchange places (Siam Commerical Bank was one) on or near Khao San Rd.
You will get a better exchange rate with USD $100 bills.
#5 ernieh has been a member since 21/3/2007. Posts: 49