Thailand - Thai Baht - Currency Guide

This is a currency guide to Thailand, the Thai Baht currency plus sending (THB) transfers and travel tips for Thailand.

 
 
CountryThailand
FlagThailand
Country CodeTH
Domestic Currency Thai Baht
Currency Symbol฿
Currency CodeTHB
Exchange RateUSD/THB = 31.2
Telephone Prefix+66

Quick Conversions from US Dollar to Thai Baht

USD

THB

U$ 1
฿ 31.20
U$ 5
฿ 156.00
U$ 10
฿ 312.00
U$ 20
฿ 624.00
U$ 50
฿ 1,560
U$ 100
฿ 3,120
U$ 250
฿ 7,800
U$ 500
฿ 15,600
U$ 1,000
฿ 31,200
U$ 2,000
฿ 62,400
U$ 5,000
฿ 156,000
U$ 10,000
฿ 312,000
U$ 50,000
฿ 1,560,000
U$ 100,000
฿ 3,120,000
More amounts

USD

THB

U$ 0.0321
฿ 1
U$ 0.1603
฿ 5
U$ 0.3205
฿ 10
U$ 0.6410
฿ 20
U$ 1.6026
฿ 50
U$ 3.2051
฿ 100
U$ 8.0128
฿ 250
U$ 16.03
฿ 500
U$ 32.05
฿ 1,000
U$ 64.10
฿ 2,000
U$ 160.26
฿ 5,000
U$ 320.51
฿ 10,000
U$ 1,603
฿ 50,000
U$ 3,205
฿ 100,000
More amounts

To calculate specific USD/THB amounts use our Convert USD to THB quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view USD to THB Rate Guide.

Thailand Currency Info

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.


Frequently Asked Questions


What currency should I use in Thailand?

The domestic currency in Thailand is the Thai Baht.

What is the Thai Baht currency code and symbol?

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

How much is U$100 US Dollars in Thai Baht?

U$ 100 converts to ฿ 3,120

Which countries use the Thai Baht?

It is the domestic currency in Thailand.

Is the Thai Baht a closed currency?

No, the Thai Baht is freely available and convertible. See guide: What is a closed currency?


Thai Baht (THB) in the markets

Recent years have been extremely kind to the baht and 2019 has been no exception. The Thai baht has been the best performing currency in Asia for 2019, the baht rose to a 6-year high against the US dollar (฿30.66) and to a 10-year high against the Australian dollar (฿21.35), as well as to long-term highs against a host of other major currencies.

The baht is being supported by Thailand’s large current-account surplus and has benefited from speculation that Thai stocks will soon be assigned a larger weighting in the MSCI Emerging Markets index, which would result in significant amounts of foreign capital entering Thailand.

The team at TradingEconomics.com is expecting slight baht weakness over the coming year, with June-2020 forecasts for USD/THB and AUD/THB of 32 and 22 respectively.

The interactive chart below shows the USD to THB exchange rate and trend for the previous 3 months:

USD/THB at 31.22 is trading 2.5% above the 90-day average 30.45 with a range 29.56 to 31.36. There are no current rate alerts.
18-Feb-2020 16:NY 21:LON 08:SYD+1d

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.

 
Travel Money Providers Amount THB(฿)Exchange RateFee USDTotal CostDeal Links
Travelex Online US logo
27,382 ฿
Best Overall
27.38240^12.22%
U.S. Bank Foreign Currency
U.S. Bank logo
26,560 ฿
฿822 less
26.56014.85%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
26,295 ฿
฿1,087 less
26.56U$1015.7%
Wells Fargo Bank logo
26,029 ฿
฿1,353 less
26.56U$2016.55%
 
Travelex Online US logo
Travelex Online US: Travel Money USD→THB
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:27.3824 (12.22% from mid-rate)
To Amount (THB)27,382 ฿
Total Cost:12.22%
Time:
Rate Fetched: Tue Feb 18 2020 18:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Travel Money USD→THB
From Amount (USD)U$1,000
Fee:0
Exchange Rate:26.56 (14.85% from mid-rate)
To Amount (THB)26,560 ฿
Total Cost:14.85%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→THB
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:27.29 (12.51% from mid-rate)
To Amount (THB)26,295 ฿
Total Cost:15.7%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→THB
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:26.56 (14.85% from mid-rate)
To Amount (THB)26,029 ฿
Total Cost:16.55%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 02/18/2020 - View latest rates

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 Thai Baht 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!

  

USD to THB International Money Transfers

  

Foreign Transfer Providers Receive THB(฿)Exchange RateFee USDTotal CostDeal Links
XE logo
307,900 ฿
Best Overall
30.7901.25%
OFX logo
306,100 ฿
฿1,800 less
30.610^1.83%
TransferWise logo
309,911 ฿
฿2,011 more
31.15U$510.61%
Wells Fargo Bank logo
299,460 ฿
฿8,440 less
30183.96%
HSBC logo
299,250 ฿
฿8,650 less
29.97U$154.03%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
297,435 ฿
฿10,465 less
29.92154.61%
Bank of America International Money Transfers
Bank of America logo
295,515 ฿
฿12,385 less
29.85U$1005.22%
U.S. Bank International Money Transfers
U.S. Bank logo
295,515 ฿
฿12,385 less
29.85U$1005.22%
 
XE logo
XE: Foreign Transfer USD→THB
From Amount (USD)U$10,000
Fee:
Exchange Rate:30.79 (1.25% from mid-rate)
To Amount (THB)307,900 ฿
Total Cost:1.25%
Time:18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer USD→THB
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:30.61 (1.83% from mid-rate)
To Amount (THB)306,100 ฿
Total Cost:1.83%
Difference:
฿1,800 THB less than using XE
Time:
Rate Fetched: Tue Feb 18 2020 18:02:55 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
TransferWise logo
TransferWise: Foreign Transfer USD→THB
From Amount (USD)U$10,000
Fee:U$51 USD (0.5% + U$1)
Exchange Rate:31.15 (0.1% from mid-rate)
To Amount (THB)309,911 ฿
Total Cost:0.61%
Difference:
฿2,011 THB more than using XE
Time:18:04 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→THB
From Amount (USD)U$10,000
Fee:18
Exchange Rate:30 (3.78% from mid-rate)
To Amount (THB)299,460 ฿
Total Cost:3.96%
Difference:
฿8,440 THB less than using XE
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→THB
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:29.97 (3.88% from mid-rate)
To Amount (THB)299,250 ฿
Total Cost:4.03%
Difference:
฿8,650 THB less than using XE
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→THB
From Amount (USD)U$10,000
Fee:15
Exchange Rate:29.79 (4.46% from mid-rate)
To Amount (THB)297,435 ฿
Total Cost:4.61%
Difference:
฿10,465 THB less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→THB
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:29.85 (4.27% from mid-rate)
To Amount (THB)295,515 ฿
Total Cost:5.22%
Difference:
฿12,385 THB less than using XE
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→THB
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:29.85 (4.27% from mid-rate)
To Amount (THB)295,515 ฿
Total Cost:5.22%
Difference:
฿12,385 THB less than using XE
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/18/2020 - View latest rates

Thai Baht to US Dollar - Historical Rates

PeriodTHB/USDDate
1 Day0.032117 Feb 2020
7 Day0.032011 Feb 2020
30 Day0.032919 Jan 2020
3 Month0.033120 Nov 2019
1 Year0.032018 Feb 2019
5 Year0.030719 Feb 2015
10 Year0.030220 Feb 2010

Thai Baht to Euro - Historical Rates

PeriodTHB/EURDate
1 Day0.029617 Feb 2020
7 Day0.029311 Feb 2020
30 Day0.029619 Jan 2020
3 Month0.029920 Nov 2019
1 Year0.028318 Feb 2019
5 Year0.027019 Feb 2015
10 Year0.022220 Feb 2010

Thai Baht to Pound Sterling - 10 Year History

PeriodTHB/GBPDate
1 Day0.024717 Feb 2020
7 Day0.024711 Feb 2020
30 Day0.025319 Jan 2020
3 Month0.025620 Nov 2019
1 Year0.024818 Feb 2019
5 Year0.019919 Feb 2015
10 Year0.019520 Feb 2010

Thai Baht to Australian Dollar - Historical Rates

PeriodTHB/AUDDate
1 Day0.047817 Feb 2020
7 Day0.047711 Feb 2020
30 Day0.047819 Jan 2020
3 Month0.048720 Nov 2019
1 Year0.044918 Feb 2019
5 Year0.039419 Feb 2015
10 Year0.033720 Feb 2010

Country Guides - A to Z


A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z