•  
  1. Guides
  2. Country Guides (A-Z)
  3. Thailand - Foreign Exchange & Currency Guide

Foreign Exchange Guide to Thailand

Latest market mid-rate: 1.0 =

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

The domestic currency in Thailand is the Thai baht with currency code THB. Read this foreign exchange guide to Thailand and the Thai baht with money transfer and travel tips plus Thai baht exchange cross rates.

In this guide we review :

  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

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. Its 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.

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.


Thai baht (THB) in the markets

In 2018, concerns are mounting among Thai exporters as the baht continues to trade near multi-year highs. In early March, an exchange rate of 31.5 per dollar was in line with rates from 2013.

The value of the baht in relation to its Asian peers is of paramount importance to Thailand given that exports account for 60% of the country’s economy. Between January ’17 and the end of February ’18, the baht gained nearly 14% against the dollar, more or less matching the gain of the Malaysian ringgit, but significantly outperforming the currencies of other manufacturing hubs in the region, including the Chinese yuan, which gained only 10% within the same period, and the Philippine peso and Indonesian rupiah, which both lost value. An outperforming baht dents Thailand’s export competitiveness.

Bank of Thailand governor Veerathai Santiprabhob said in January that the bank would not allow the baht to appreciate to levels that would damage Thai businesses, but said it would not target specific exchange rates.

Against the euro, the baht continues to favour rates between 38 and 40 per euro. Twenty-one of the twenty-seven months leading up to this report ended with EUR/THB inside of this range.

The interactive chart below shows the THB to USD 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.


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

Travel, Currency and Money saving tips for Thailand

The official currency of Thailand is the Thai BAHT (pronounced - baaht). ATM's 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 it's 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, it's cold and cheap and since it can be hot all the time in Thailand have some on you at all times to avoid dehydration.

Taxi's are available everywhere, just when getting in make sure the meter is set to THB35 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.

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)

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.

Travel Money Exchange Rates Compared

Buying THB Cash with USD 1,000

Travelex Online logo Travelex Online
1USD=28.1628THB
฿28,163 THB (12.1%)
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Price Details
Receive: ฿28,163 THB
Exchange Rate: 28.1628
Fees: USD 0
Total Cost : 12.1% (from mid-rate: 32.0380)
Amount of money that could be received by your currency exchange at rate USD/THB=28.1628 and inclusive of the fee of USD 0.
Rate timestamp : Thu May 24 2018 11:00:03 GMT+0000 (UTC)
Bank Rates - Average
1USD=28.03THB
฿27,750 THB (13.38%)
This is the average USD to THB Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: ฿27,750 THB
Exchange Rate: 28.03
Fees: USD 10 (1%)
Total Cost : 13.38% (from mid-rate: 32.0380)
Receive THB ฿413 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate USD/THB=28.03 and inclusive of the fee of USD 10 (1%).
 

Sending money to Thailand

How to save when sending money 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 3 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 international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending USD 10,000 to THB

OFX logo OFX (prev. USForex)
1USD=31.75THB
฿317,500 THB (0.9%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: ฿317,500 THB
Exchange Rate: 31.75
Fees: USD 0
Total Cost : 0.9% (from mid-rate: 32.0380)
This is the amount of money that could be received by your transfer at rate USD/THB=31.75 and inclusive of the fee of USD 0.
Rate timestamp : Thu May 24 2018 11:03:52 GMT+0000 (UTC)
Bank Rates - Average
1USD=30.8THB
฿307,538 THB (4.01%)
This is the average USD to THB International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: ฿307,538 THB
Exchange Rate: 30.8
Fees: USD 15
Total Cost : 4.01% (from mid-rate: 32.0380)
Receive THB ฿9,962 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate USD/THB=30.8 and inclusive of the fee of USD 15.
 

Thai baht - exchange rates - live and historic

Major THB cross rates
View Full List (A-Z)
1THB=

THB/USD - Thai baht to U.S. dollar - 10 Year History

DateExchange RatePeriod
13 May 20180.03131 Week
20 Apr 20180.03201 Month
21 Nov 20170.03056 Months
20 May 20170.02921 Year
20 May 20160.02802 Years
21 May 20130.03365 Years
22 May 20080.031310 Years

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

DateExchange RatePeriod
13 May 20180.02621 Week
20 Apr 20180.02601 Month
21 Nov 20170.02606 Months
20 May 20170.02611 Year
20 May 20160.02502 Years
21 May 20130.02605 Years
22 May 20080.020010 Years

THB/GBP - Thai baht to British pound sterling - 10 Year History

DateExchange RatePeriod
13 May 20180.02311 Week
20 Apr 20180.02281 Month
21 Nov 20170.02306 Months
20 May 20170.02241 Year
20 May 20160.01932 Years
21 May 20130.02215 Years
22 May 20080.015810 Years

THB/JPY - Thai baht to Japanese yen - 10 Year History

DateExchange RatePeriod
13 May 20183.42581 Week
20 Apr 20183.44231 Month
21 Nov 20173.42916 Months
20 May 20173.24871 Year
20 May 20163.08602 Years
21 May 20133.44405 Years
22 May 20083.258710 Years

THB/AUD - Thai baht to Australian dollar - 10 Year History

DateExchange RatePeriod
13 May 20180.04151 Week
20 Apr 20180.04161 Month
21 Nov 20170.04026 Months
20 May 20170.03921 Year
20 May 20160.03882 Years
21 May 20130.03425 Years
22 May 20080.032710 Years

THB/CAD - Thai baht to Canadian dollar - 10 Year History

DateExchange RatePeriod
13 May 20180.04011 Week
20 Apr 20180.04081 Month
21 Nov 20170.03906 Months
20 May 20170.03941 Year
20 May 20160.03672 Years
21 May 20130.03455 Years
22 May 20080.030910 Years