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The Thai baht seems to be strengthening, and combined with crippling inflation, things are no longer that cheap any more. If you want to stay in luxury, and eat in the best restaurants and enjoy the nightlife, you can easily burn through $500 (or more) a day!
As an example - there is a steak restaurant close to Terminal 21 where you can drop an INSANE amount of money on an imported Argentinian steak.
The days of swanning around the country on a few hundred baht a day are long gone!