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Foreign Exchange Guide to Thailand

Read this currency guide to Thailand with money transfer and travel tips.   [USD/THB=31.827]

 
Thailand
Country Code:
TH
Domestic Currency:
Thai Baht
Symbol - Code:
฿ THB
Telephone Prefix:
+66

This is a foreign exchange guide to Thailand, the Thai Baht currency plus THB transfers and travel tips.


In this Thailand currency guide we take a look at :

  1. Thai Baht info - general info about the Thai Baht
  2. Thai Baht in the markets - recent THB moves and predictions from the FX markets
  3. Travelling in Thailand - currency & money saving tips
  4. Buying Thai Baht cash online - travel money for Thailand
  5. Sending money to Thailand - save on Thai Baht bank transfers to Thailand
  6. Thai Baht exchange rates - latest & historic exchange rates.

Thai Baht (THB) general currency information


What is the Thai Baht currency code and symbol?

The three letter currency code for the Thai Baht is THB and the symbol is ฿.


Which countries use the Thai Baht?

It is the domestic currency in Thailand.

The Thai baht is subdivided into 100 satang.

The baht is termed an ‘exotic’ currency, which means that there is far less participation in the market for baht than in the market for more established currencies, such as euros or U.S. dollars. For this reason, the price paid to change your money into or from baht (the price being equivalent to the market bid-ask spread) is far higher relative to the amount of money being changed than it would otherwise be.

Thailand’s central bank manage the baht’s value under a ‘managed float’ regime, which means that the bank will intervene at times in the foreign exchange market to reduce what it sees as excessive volatility in the currency and to maintain national competitiveness, i.e. the bank will at times weaken the currency to boost demand for Thailand’s exports.

As an exotic currency, the baht is considered riskier than currencies from major developed nations, which means that its value will fall against the FX majors (especially JPY, USD, CHF, GBP and EUR) during periods of economic uncertainty or when global geopolitical risk is elevated, or during bouts of high market volatility.

Historically, the baht’s lowest valuation against the US dollar came in January 1998 when USD/THB reached 55.50. It's all-time high occurred in July 1981 when USD/THB fell to just 20.36. Since 2005, USD/THB has traded between 28.56 and 42.19.


Thai Baht (THB) in the markets

Recent years have been extremely kind to the baht, although not so kind to Thailand’s exporters. At various points in 2019, against the Australian dollar, New Zealand dollar, Canadian dollar and British pound, the baht has traded at its highest level in a decade or longer.

The baht’s year-to-date gain of 1.7 percent against the US dollar (to March-28) puts the baht among the year’s best performing currencies.

In March, per a Reuters currency positioning poll, FX traders were increasing their bets on Thai baht appreciation.

The chairman of the Federation of Thai Capital Market Organisations predicted earlier this year that the baht would continue to appreciate over the medium to long term as capital flows return to Thailand in the face of a more gradual rise in US interest rates and as the US economy slows down.

The interactive chart below shows the USD to THB exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-THB 3 Month chart
USD-THB 3 Month chart
USDTHB currency converter

Travel, Currency and Money saving tips for Thailand

 

In between the busy cities and scattered towns of Thailand is the rural heartland, which is a mix of rice paddies, tropical forests and villages living the farming lifestyle. In the north, the forests surround tall blue mountains scattered with shining waterfalls. In the south, scraggy limestone cliffs rise up from the cultivated landscape like ancient towers.

Travel tips for Thailand.

The official currency of Thailand is the Thai BAHT (pronounced - baaht). ATMs are everywhere and usually reliable, most Thai banks now charge a 200 baht fee per withdrawal when you use their ATMs with a foreign card.

Thailand is a very popular and safe place to travel to, but still always use common sense. Depending on the type of hotel, try not to leave credit cards, passports, and other valuables lying around your room when you are not there. Instead use the room safe, or the hotel main safe. If you want to store your cards there while out shopping (shopping is considered a national pastime) you could get a Travel Card before flying in to ease your mind.

Another good reason to get a Prepaid Travel Card is that credit card fraud exists in Thailand, as in any other country.  If you must pay by credit card, don't let your card out of your sight. Watch as its used, and double check the purchase amount and currency, before signing or entering your pin number.

Typical Thai beach scene

Be prepared to pay more than locals for many tourist attractions have two rates, where there can often be a rate for locals and a larger rate for tourists. Many tourists head to Thailand for its lovely beaches, just know that Thai beaches do not have lifeguards so try to stay in sight on other people, check all the signs, and avoid swimming on deserted beaches. Drink bottled water, its cold and cheap and since it can be hot all the time in Thailand have some on you at all times to avoid dehydration.

How do I travel in Thailand?

Taxis are available everywhere, just when getting in make sure the meter is set to THB 35 to avoid being made to pay extra.Getting around in Tuc-Tuc's is part of the experience but can get annoying as the driver may often try to take you to shops on the way. Just negotiate a fare before jumping in, don't pay until you arrive, and be prepared to jump out and take another one if they go to a shop and refuse to leave until you check it out or buy something.

Trains and buses to get around the country in Thailand can be an experience, but due to the travel times and budget, many recommend flying everywhere. Flights within Thailand are relatively cheap, and it may not be worth spending valuable vacation days traveling by bus or train. By way of example, the train from Chiang Mai to Bangkok is about 12 hours, and the train down to Phuket (close to Phuket, but then you have to take another bus) is another 8 hours, so it will take about 20 to 24 hours of travel time from Chiang Mai to Phuket. Or you can take a 2 hour direct flight on Thai Air Asia for less than $60.

 

Travel money for Thailand

 

Save money and time by Ordering your Thai Baht online from Travelex, you get better rates and can pick up the THB cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Thai Baht otherwise you may get much worst exchange rates.

 
Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Travel Money Providers
Ratings & Reviews
Amount THB(฿)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
29,790 THB
Compare
29.7906.4%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
29,492 THB
298 THB
29.79$107.34%Branch-
Wells Fargo Bank logo
29,194 THB
596 THB
29.79$208.27%Branch-
 
Travelex Online US logo
27,882 THB
1,908 THB
27.88220^12.4%Online order, Branch pickup, Home delivery2-3 days
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→THB
USD amount:$1,000 USD
Fee:0
Exchange Rate:29.79 (6.4% from mid-rate)
THB amount:29,790 THB
Total Cost:6.4%
Time:12:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→THB
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:27.85 (12.5% from mid-rate)
THB amount:29,492 THB
Total Cost:7.34%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→THB
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:29.79 (6.4% from mid-rate)
THB amount:29,194 THB
Total Cost:8.27%
Time:12:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→THB
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:27.8822 (12.39% from mid-rate)
THB amount:27,882 THB
Total Cost:12.4%
Time:
Rate Fetched: Sat Apr 20 2019 10:15:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
 

Thailand Trip Checklist    

 
  1. Compare THB travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Thailand
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Thailand

When searching around for information on how to get a good exchange rate when sending money to Thailand you need to start with finding out the latest Thai Baht foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to Thailand

When sending money to Thailand it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Thai Baht amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted THB amount will be transfered to the recipient account you specify in Thailand.

Use our Send to THB calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Thai Baht deposited into the recipient bank account and less margins and fees kept by the banks!

 
Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Foreign Transfer Providers
Ratings & Reviews
Receive THB(฿)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
313,200 THB
Best Overall
31.320^1.59%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
TransferWise logo
316,378 THB
3,178 THB
31.8$510.59%Bank Transfers - Online, Foreign Currency Accounts1-2 days
Wells Fargo Bank logo
306,747 THB
6,453 THB
30.73183.62%Online, Branch, Bank Transfers2-3 days
HSBC logo
306,440 THB
6,760 THB
30.69$153.72%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
304,618 THB
8,582 THB
30.64154.29%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
302,643 THB
10,557 THB
30.57$1004.91%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
302,643 THB
10,557 THB
30.57$1004.91%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→THB
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:31.32 (1.59% from mid-rate)
THB amount:313,200 THB
Total Cost:1.59%
Time:
Rate Fetched: Sat Apr 20 2019 10:02:49 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TransferWise: Foreign Transfer USD→THB
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:31.8 (0.08% from mid-rate)
THB amount:316,378 THB
Total Cost:0.59%
Difference:
3,178 THB more than using OFX
Time:12:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→THB
USD amount:$10,000 USD
Fee:18
Exchange Rate:30.73 (3.45% from mid-rate)
THB amount:306,747 THB
Total Cost:3.62%
Difference:
6,453 THB less than using OFX
Time:12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→THB
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:30.69 (3.57% from mid-rate)
THB amount:306,440 THB
Total Cost:3.72%
Difference:
6,760 THB less than using OFX
Time:12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→THB
USD amount:$10,000 USD
Fee:15
Exchange Rate:30.51 (4.14% from mid-rate)
THB amount:304,618 THB
Total Cost:4.29%
Difference:
8,582 THB less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→THB
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:30.57 (3.95% from mid-rate)
THB amount:302,643 THB
Total Cost:4.91%
Difference:
10,557 THB less than using OFX
Time:12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→THB
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:30.57 (3.95% from mid-rate)
THB amount:302,643 THB
Total Cost:4.91%
Difference:
10,557 THB less than using OFX
Time:12:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
 

THB/USD - Thai Baht to United States Dollar - 10 Year History

DateExchange RatePeriod
07 Apr 20190.03131 Week
15 Mar 20190.03161 Month
16 Oct 20180.03086 Months
14 Apr 20180.03211 Year
14 Apr 20170.02902 Years
15 Apr 20140.03105 Years
16 Apr 20090.028310 Years

THB/EUR - Thai Baht to Euro - 10 Year History

DateExchange RatePeriod
07 Apr 20190.02791 Week
15 Mar 20190.02791 Month
16 Oct 20180.02666 Months
14 Apr 20180.02601 Year
14 Apr 20170.02732 Years
15 Apr 20140.02245 Years
16 Apr 20090.021510 Years

THB/GBP - Thai Baht to British Pound Sterling - 10 Year History

DateExchange RatePeriod
07 Apr 20190.02401 Week
15 Mar 20190.02381 Month
16 Oct 20180.02336 Months
14 Apr 20180.02261 Year
14 Apr 20170.02322 Years
15 Apr 20140.01855 Years
16 Apr 20090.019010 Years

THB/JPY - Thai Baht to Japanese Yen - 10 Year History

DateExchange RatePeriod
07 Apr 20193.49871 Week
15 Mar 20193.52221 Month
16 Oct 20183.45666 Months
14 Apr 20183.44831 Year
14 Apr 20173.14962 Years
15 Apr 20143.15325 Years
16 Apr 20092.804310 Years

THB/AUD - Thai Baht to Australian Dollar - 10 Year History

DateExchange RatePeriod
07 Apr 20190.04411 Week
15 Mar 20190.04461 Month
16 Oct 20180.04316 Months
14 Apr 20180.04141 Year
14 Apr 20170.03832 Years
15 Apr 20140.03315 Years
16 Apr 20090.039310 Years

THB/CAD - Thai Baht to Canadian Dollar - 10 Year History

DateExchange RatePeriod
07 Apr 20190.04191 Week
15 Mar 20190.04221 Month
16 Oct 20180.03986 Months
14 Apr 20180.04051 Year
14 Apr 20170.03872 Years
15 Apr 20140.03405 Years
16 Apr 20090.034110 Years

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