A Thai passport next to a calculator, Thai baht, and Singaporean dollars on a laptop, representing financial planning and money management while traveling in Southeast Asia. This highlights the importance of budgeting and managing multiple Asian currencies in the region.
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How to Manage Your Money When Traveling Southeast Asia (2024)

Managing money while traveling Southeast Asia can feel a bit intimidating at first—you’re juggling different currencies, unfamiliar payment methods, and constantly wondering whether to use cash or credit cards.

But don’t worry! With the right tips and a little preparation, you’ll find managing your finances on the road is easier than you think.

Having spent years traveling through Southeast Asia, I’ve learned firsthand what works (and what doesn’t) when it comes to handling money. My goal is to help you avoid the stress and focus on what really matters—enjoying your trip.

From hawker centers in Singapore to remote beaches in Bali, I’ll walk you through the best ways to manage your money, use credit cards, and avoid unnecessary fees.

Whether you’re on a tight budget or treating yourself, this guide has everything you need to confidently manage your money while exploring Southeast Asia!

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A visual representation of saving and managing money while traveling in Southeast Asia. The image reinforces tips on how to manage money when traveling, such as using cash in local markets and balancing cards for larger purchases.

Best Payment Methods: Cash vs. Cards

One of the first questions you might ask when planning your trip is: What’s the best way to pay in Southeast Asia? The answer depends on where you are and what you’re doing, but generally speaking—cash is king.

In rural areas, local markets, and with street vendors, cash is essential. You won’t be able to use your credit card to try all the amazing street food in Vietnam or to hire a long-tail boat in Phi Phi Island to visit the famous Maya Bay. For these kinds of experiences, having cash on hand is a must.

That said, in larger cities like Bangkok or Kuala Lumpur, credit and debit cards are more widely accepted in hotels, restaurants, and shopping malls. But remember, these are the exceptions, not the rule, so always keep some local currency with you!

Is It Better to Use Card or Cash in Southeast Asia?

You’ll need both! Cash is the best way to pay for everyday expenses like transportation, food, and souvenirs, while credit cards are ideal for larger purchases like hotels or tours. By using a combination of both, you can stay flexible and avoid carrying too much cash at once.

Contactless payments and travel cards like Wise or Revolut are one of the best ways to pay in Southeast Asia's urban areas. This image shows how travelers can use cards for convenience, especially in cities.
Contactless payments are growing, but cash is still the best for most things!

Southeast Asia Currency Guide by Country

Navigating multiple currencies in Southeast Asia can seem a bit tricky at first, but don’t worry—you’ll get the hang of it in no time! Every country in the region uses its own currency, and having a basic understanding of how foreign exchange works will help you avoid confusion when paying for things.

In some Southeast Asian countries, the currency is weaker, so even small amounts can quickly turn into big numbers! I remember feeling like a millionaire in Laos, but I also remember the challenge of mixing up 10,000 VND and 100,000 VND notes in Vietnam. So, keep an eye on the numbers!

Here’s a quick breakdown of the main currencies you’ll be using while traveling through Southeast Asia:

CountryCurrency1 USD (approx.)1 EUR (approx.)
ThailandThai Baht (THB)34.50 THB36.80 THB
VietnamVietnamese Dong (VND)23,650 VND25,350 VND
MalaysiaMalaysian Ringgit (MYR)4.60 MYR4.90 MYR
IndonesiaIndonesian Rupiah (IDR)15,500 IDR16,500 IDR
CambodiaCambodian Riel (KHR)4,070 KHR4,350 KHR
LaosLao Kip (LAK)17,600 LAK18,800 LAK
MyanmarMyanmar Kyat (MMK)2,780 MMK2,960 MMK
PhilippinesPhilippine Peso (PHP)56.00 PHP60.00 PHP
SingaporeSingapore Dollar (SGD)1.35 SGD1.43 SGD
BruneiBrunei Dollar (BND)1.35 BND1.43 BND
Timor-LesteUS Dollar (USD)1 USD0.93 USD
2024 Southeast Asia Currency Ranking

What is the Best Currency to Use in Southeast Asia?

While each country has its own currency, U.S. dollars (USD) are widely accepted in Cambodia, Laos, and Myanmar. It’s always a good idea to carry some as a backup, especially for visa fees or emergencies.

However, for everyday purchases, it’s best to use local currency. You’ll get a better deal and make transactions easier for locals.

Did you know? Singapore is one of the richest countries in Southeast Asia with a high cost of living, while Laos and Timor-Leste are among the poorest. You can rent a villa in Laos for the price of a capsule hotel in Singapore!

he iconic Merlion statue in Singapore, representing one of the richest countries in Southeast Asia. Managing money here requires balancing higher costs with Southeast Asia travel strategies, such as using credit cards in urban areas.
Singapore is Southeast Asia’s richest country and 4th in the world!

Currency Exchange: Tips for Getting the Best Rates

Getting a good exchange rate is key to making your Southeast Asia travel budget last longer, and with a few smart money management tips, you can ensure your funds last as long as possible!

  • Avoid Airport Exchange Counters: It’s tempting to exchange your money as soon as you land, but airport rates are usually the worst. Hold off until you can find a local bank or an authorized exchange in town, where the rates are much better.
  • Use ATMs for Better Rates: Withdrawing cash from ATMs is often the easiest way to get local currency, and it usually provides the best exchange rates. Just be mindful of local ATM fees—they can add up! 
  • Check Rates Before You Go: Apps like XE Currency help you stay on top of current exchange rates so you know whether you’re getting a fair deal when converting your money or making purchases.
  • Avoid Street Exchanges: While it may seem tempting to take advantage of an offer on the street, it’s always safer to exchange money at official banks or licensed bureaus to avoid the risk of counterfeit bills or getting ripped off.

By following these Southeast Asia travel money tips, you’ll stretch your budget further and have more to spend on unforgettable experiences like temple visits, island hopping, or shopping at night markets!

Want to learn more? Here’s a list of 25 Travel Apps You Need to Download Before Visiting Southeast Asia to help you make the most of your trip!

Exchanging money is crucial when traveling through Southeast Asia. The photo depicts a common scenario where travelers convert currency at exchange bureaus. Tips include using ATMs for better rates and carrying some USD for emergencies in countries like Cambodia.
Learn about Southeast Asian currencies before your trip to get the best rates!

Tips for Managing Credit Cards in Southeast Asia

Traveling through Southeast Asia with a good credit card can make everything from booking flights to paying for hotels so much easier.

But I’ve found that using credit cards in this region can be a bit trickier than back home. It takes a little extra planning to avoid those surprise fees, annoying ATM charges, or that awful moment when your card gets blocked mid-trip.

The good news? With a few simple travel tips, you can easily manage your credit cards and keep your finances in check while enjoying your adventure! Plus, these tips are also great to get your parents to say yes to solo travel!

Keep Your Finances Safe and Simple

Here are a few tried-and-true tips to make managing credit cards while traveling Southeast Asia stress-free:

  • Avoid Foreign Transaction Fees: Choose a travel card like Revolut or Wise that doesn’t charge foreign transaction fees. Many regular cards tack on 3% for each purchase abroad, which can add up quickly.
  • Watch Out for ATM Fees: In countries like Thailand, ATM fees can reach $6 per withdrawal. To minimize fees, withdraw larger amounts less frequently.
  • Always Pay in Local Currency: When paying with your card, always choose to pay in the local currency to avoid poor exchange rates and hidden fees from Dynamic Currency Conversion (DCC).
  • Use Secure ATMs: Stick to ATMs in well-lit, secure areas like inside banks or malls. This reduces the risk of card skimming and ensures help is nearby if anything goes wrong.
  • Keep Your PIN Safe: Cover the keypad when entering your PIN, and avoid using easy-to-guess numbers like your birthday.
  • Monitor Your Accounts Regularly: Use your bank or card app to track your spending and catch any unauthorized charges early on.
  • Carry a Backup Card: Keep a backup credit card from a different bank stored separately in case your main card gets lost, stolen, or doesn’t work.
  • Notify Your Bank: Set up travel alerts with your bank before you leave to avoid your card being blocked for suspicious activity while you’re abroad.

By following these simple steps, you can focus more on exploring and less on worrying about your finances! Ready for more Southeast Asia travel tips?

An essential part of managing money while traveling Southeast Asia is using ATMs for cash withdrawals. This photo shows a traveler withdrawing local currency, a practical tip to avoid high airport exchange fees and ensure access to funds in rural areas.
ATMs are the easiest way to handle money while traveling Southeast Asia!

Cash Handling Tips in Southeast Asia

Even though credit cards are super handy, cash is still king in many parts of Southeast Asia. So, no matter where you’re headed, always make sure to carry some local currency with you.

Managing cash safely doesn’t have to be stressful—here are some easy ways to stay prepared and keep your money safe while traveling Southeast Asia.

How to Handle Cash While Traveling Southeast Asia

Staying on top of your cash situation is key to managing your money smoothly while traveling Southeast Asia These simple travel tips will help you stay safe and stress-free:

  • Split Your Cash: Never keep all your cash in one place. Spread it between your wallet, daypack, and hidden compartments in your luggage. This way, if one stash goes missing, you’ll have a backup.
  • Don’t Carry Too Much: Carry enough cash for your daily expenses, but not so much that you become a target for pickpockets.
  • Use a Money Belt or Hidden Pouch: While not the most fashionable travel accesories, these are a great way to keep your money hidden and safe from pickpockets, especially when traveling solo.
  • Lock Up Your Cash: If your hotel or hostel has a safe, use it! If not, lock your cash in your suitcase with a small padlock for added security.

Need more safety tips? Check out my full guide on the Must-Have Safety Items For Solo Female Travelers!

Managing cash is key in Southeast Asia, where smaller vendors may not accept cards. The image highlights the importance of carrying local currency, keeping cash split in various places, and not relying solely on cards.
Split your cash to keep it safe while traveling across Southeast Asia.

Smart Cash Tips for Southeast Asia

  • Bring Small Bills: Smaller vendors and drivers often don’t have change for large bills (or may claim they don’t). Carrying smaller denominations makes transactions easier and helps avoid overpaying.
  • Carry a Decoy Wallet: Some travelers consider a decoy wallet one of their backpack essentials. That way, if they ever encounter theft (which is rare), they can hand it over without losing your real money.
  • Always Have Some USD: In countries like Cambodia and Laos, U.S. dollars are widely accepted. They’re perfect as a backup for emergencies, visa payments, or when you run out of local currency.
  • Bring a Coin Purse: Coins are important in Southeast Asia, especially for street food or local transportation. While you might not use one at home, it’s a must here!
  • Mind Counterfeit Currency: Familiarize yourself with local currency and always check large bills for watermarks. In Cambodia, for example, U.S. dollars must be in perfect condition or they may not be accepted.
  • Watch Currency Restrictions: Some countries have limits on how much cash you can bring in or take out. While it’s usually not a big issue, it’s good to be aware of the rules to avoid any customs problems.

Should I Take Cash to Southeast Asia?

Absolutely! While credit cards are great for bigger expenses like hotels or tours, cash is the best way to pay for everyday transactions. Whether you’re grabbing souvenirs or paying for street food, most vendors prefer cash, so don’t leave home without it!

Money Tips for Southeast Asia Travelers

Managing money while traveling through Southeast Asia isn’t just about cash and cards—it’s about planning, budgeting, and being prepared for the unexpected.

Here are a few extra Southeast Asia travel money tips to help you stretch your budget, travel smarter, and fully enjoy your trip without stressing about finances.

  • Create a Daily Budget: While Southeast Asia is affordable, small expenses can add up. Set a daily budget for food, transport, and activities—be sure to leave some room for little splurges along the way!
  • Plan for Emergencies: Always set aside an emergency fund for unexpected expenses like medical bills, last-minute flights home, or even fines for accidentally breaking one of Singapore’s quirky laws.
  • Get Travel Insurance: It might feel like an extra cost, but travel insurance covers trip cancellations, medical emergencies, and lost luggage—definitely worth the peace of mind.
  • Tipping in Southeast Asia: Tipping isn’t required but is appreciated. Keep small bills handy for tips in restaurants, hotels, or when tipping drivers.
  • Track Your Spending: Use apps like Trabee Pocket to keep track of your expenses. This will help you stick to your budget and avoid overspending early in your Southeast Asia trip.
  • Avoid Scams: Be wary of deals that seem too good to be true. Do your research, trust your gut, and never feel pressured to say “yes” to everything.
  • Copy Locals: Observe how locals handle money. In many places, it’s respectful to use both hands when giving or receiving money, and try to avoid using your left hand.

How to Haggle in Southeast Asia (Thailand, Vietnam, etc.)

Haggling is a huge part of the market culture in Southeast Asia, especially in countries like Thailand and Vietnam. Vendors expect you to bargain, so don’t be shy—start by offering half or even a third of the original price, and work your way up from there.

A smile and a friendly attitude can go a long way. And if the price doesn’t feel right, don’t hesitate to walk away—often, the seller will call you back with a better offer!

That said, you don’t need to haggle for the absolute lowest price. Remember, a few extra dollars can make a big difference to local sellers, and supporting them with fair prices is a great way to give back while traveling.

A street vendor in Southeast Asia selling snacks and goods. Cash is the primary method of payment at local markets like this, where credit cards are typically not accepted.
Cash is always the best way to pay for street food in Southeast Asia!

Budget Planning for Southeast Asia

Planning your budget for a Southeast Asia adventure is one of the most important steps to ensure you don’t run out of money halfway through your trip.

The good news? Southeast Asia is super budget-friendly! However, how much you’ll spend depends on your travel style and where you go.

How Much Money Do You Need for 3 Months in Southeast Asia?

For a 3-month trip in Southeast Asia, plan to budget between $3,000 and $6,000 USD  (around $1,000 to $2,000 USD per month). This covers your daily expenses like accommodation, food, transport, and some fun extras like excursions and shopping.

Here’s a quick breakdown based on your travel style:

  • Budget Travelers: You’ll spend around $3,000 to $4,500 USD over 3 months if you stick to hostels, street food, and public transport. That’s roughly $1,000 to $1,500 per month.
  • Mid-range Travelers: If you want a bit more comfort—nicer accommodations, guided tours, and dining out—you’ll need $4,500 to $6,000 USD for 3 months. That’s about $1,500 to $2,000 per month.

How Much Cash Should You Carry in Southeast Asia?

It depends on where you´re traveling! In cities, carrying $20–$50 USD in local currency per day is usually enough, as you can use cards for larger purchases. For rural areas, where cards are less accepted, it’s smart to carry $50–$100 USD to cover a few days of expenses.

Southeast Asia offers luxurious experiences for every budget. The scene is an example of where managing your travel budget well allows for occasional splurges, especially in high-end resorts like this.
Managing your money well means enjoying Southeast Asia’s best views in style!

Daily Budget Breakdown for Southeast Asia by Country

Your budget will also vary based on the specific countries you visit. For example, places like Singapore and Brunei are pricier, while Laos and Indonesia are more budget-friendly.

Here’s a rough breakdown of daily expenses by country: 

  • Thailand: $25–$40/day
  • Vietnam: $20–$35/day
  • Indonesia: $25–$40/day
  • Cambodia: $20–$30/day
  • Laos: $15–$30/day
  • Malaysia: $30–$50/day
  • Philippines: $30–$50/day
  • Singapore: $50–$100/day
  • Brunei: $50–$100/day

Flights within Southeast Asia are often super affordable with airlines like AirAsia and Scoot. But, international flights to the region can sometimes double your trip budget, so book in advance to get the best deals!

Want more tips on preparing for your trip? Check out this guide to questions to ask your potential travel partner to make sure you’re on the same page before you head off!

In rural areas or for services like tuk-tuks, cash is the best way to pay in Southeast Asia. The image demonstrates a typical scenario where travelers need small denominations of local currency for transportation.
Budget around $1,000-$1,500 a month for an awesome Southeast Asia trip.

FAQs: Managing Money in Southeast Asia

To wrap things up, let’s answer some of the most common questions travelers have about handling money while traveling Southeast Asia.

What is the Best Way to Pay in Southeast Asia?

The best way to pay in Southeast Asia is by using a mix of cash and cards. Cash is essential for everyday expenses like food, transportation, and market shopping—especially in rural areas. Cards, on the other hand, are great for bigger purchases like hotels and flights.

What’s the Safest Way to Carry Money in Southeast Asia?

To keep your money safe while exploring Southeast Asia, it’s best to split it between your wallet, daypack, money belt and hidden compartments in your luggage. Always have backups and stash a small amount of emergency cash, just in case something gets lost or stolen.

Can I Use My Credit Card Everywhere in Southeast Asia?

Not everywhere. Credit cards are widely accepted in cities, hotels, and tourist spots, but in rural areas and local markets, cash is still king. Make sure to carry enough cash for smaller transactions where cards might not be an option.

What Are the Safest Ways to Exchange Money in Southeast Asia?

The safest way to exchange money in Southeast Asia is by using ATMs, as they typically offer the best rates. Avoid exchanging money at airports, where fees are higher. Instead, stick to banks or authorized exchange bureaus for safer transactions and better rates.

What Are the Best Travel Cards for Southeast Asia?

The best travel cards for Southeast Asia are those with no foreign transaction fees, like Revolut or Chase Sapphire Preferred. Visa and Mastercard are also widely accepted and provide low fees, good exchange rates, and perks like travel rewards or insurance, making them perfect for international travelers!

Final Thoughts on Southeast Asia Money Management

Managing your money while traveling Southeast Asia doesn’t have to be stressful! By balancing cash and cards, planning ahead, and following these simple money tips, you’ll be fully prepared to enjoy your adventure without worrying about your budget.

Got any extra tips or questions about how to manage money while traveling Southeast Asia? Leave a comment below—I’d love to hear your thoughts and help with any travel planning! 

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The author of Her Asian Adventures is a solo female travel blogger from Spain. With over 10 years of experience in more than 15 Asian countries, she shares expert travel guides and tips to show that luxury experiences can be enjoyed on a budget. Passionate about empowering women, she is on a mission to help solo female travelers explore safely, affordably, and confidently.

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4 Comments

  2. I’ve not been to any of these countries for years, but when I last visited, prices were so reasonable we just took cash. Thank you for the detailed guide, I have pinned it and will definitely consult it if and when I return once I get over my Japan obsession.

    Reply

  3. Great tips, I love using cash but definitely important not to carry too much around. I pretty much keep everything in my hotel room except my daily budget, then have my credit card on me in case I need more.

    Reply

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