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Foreign Exchange Guide to Thailand

Read this currency guide to Thailand with money transfer and travel tips.   [USD/THB=31.22]

 
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.
  7. THB News - the latest Thai Baht related articles from our blog.

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

26-January-19: 2018 was a great year for the baht, with gains of 0.7 percent, 5.6 percent and 11.7 percent against the US dollar, euro and Australian dollar respectively.

2019, too, has begun with a bang. By late January, the baht had strengthened further to reach a 9-month high against the US dollar, at ฿31.51, and nearly a 4-year high against the euro, at ฿32.92. The baht was trading against the Australian dollar at levels last seen in 2009, in the mid-฿22s!

The baht has been well supported since the Bank of Thailand finally commenced with the process of monetary policy normalisation in December, in which the Bank raised its benchmark interest rate for the first time since 2011, from a near-record low.

The chairman of the Federation of Thai Capital Market Organisations predicted in January 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.

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.

 
Travel Money Providers
Ratings & Reviews
Amount THB(฿)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
Wells Fargo Bank logo
29,263 THB
Compare
29.86$206.38%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
29,262 THB
฿1 less
29.56$106.38%Branch-
U.S. Bank Foreign Currency
U.S. Bank logo
29,260 THB
฿3 less
29.2606.39%Branch-
 
Travelex Online US logo
28,034 THB
฿1,229 less
28.03390^10.31%Online order, Branch pickup, Home delivery2-3 days
Wells Fargo Bank: Travel Money USD→THB
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:29.86 (4.47% from mid-rate)
THB amount:29,263 THB
Total Cost:6.38%
Time:0:08 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo

Travel Money USD→THB
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:27.35 (12.5% from mid-rate)
THB amount:29,262 THB
Total Cost:6.38%
Currency Services:Branch
Delivery/Collect:-
U.S. Bank: Travel Money USD→THB
USD amount:$1,000 USD
Fee:0
Exchange Rate:29.26 (6.39% from mid-rate)
THB amount:29,260 THB
Total Cost:6.39%
Time:0:08 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:28.0339 (10.31% from mid-rate)
THB amount:28,034 THB
Total Cost:10.31%
Time:
Rate Fetched: Sun Feb 17 2019 22:15:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/18/2019
 

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!

 
Foreign Transfer Providers
Ratings & Reviews
Receive THB(฿)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
308,600 THB
Best Overall
30.860^1.27%Bank Transfers - Online & Phone1-2 days
 
TransferWise logo
309,414 THB
฿814 more
31.1$511.01%Bank Transfers - Online1-2 days
Wells Fargo Bank logo
302,155 THB
฿6,445 less
30.27183.33%Online, Branch, Bank Transfers2-3 days
HSBC logo
301,946 THB
฿6,654 less
30.24$153.4%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
300,070 THB
฿8,530 less
30.18154%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
298,089 THB
฿10,511 less
30.11$1004.63%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
298,089 THB
฿10,511 less
30.11$1004.63%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:30.86 (1.27% from mid-rate)
THB amount:308,600 THB
Total Cost:1.27%
Time:
Rate Fetched: Sun Feb 17 2019 22:02:49 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TransferWise: Foreign Transfer USD→THB
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:31.1 (0.5% from mid-rate)
THB amount:309,414 THB
Total Cost:1.01%
Difference:
฿814 more than using OFX
Time:0:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→THB
USD amount:$10,000 USD
Fee:18
Exchange Rate:30.27 (3.16% from mid-rate)
THB amount:302,155 THB
Total Cost:3.33%
Difference:
฿6,445 less than using OFX
Time:0:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→THB
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:30.24 (3.25% from mid-rate)
THB amount:301,946 THB
Total Cost:3.4%
Difference:
฿6,654 less than using OFX
Time:0:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→THB
USD amount:$10,000 USD
Fee:15
Exchange Rate:30.05 (3.86% from mid-rate)
THB amount:300,070 THB
Total Cost:4%
Difference:
฿8,530 less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of America: Foreign Transfer USD→THB
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:30.11 (3.67% from mid-rate)
THB amount:298,089 THB
Total Cost:4.63%
Difference:
฿10,511 less than using OFX
Time:0:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→THB
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:30.11 (3.67% from mid-rate)
THB amount:298,089 THB
Total Cost:4.63%
Difference:
฿10,511 less than using OFX
Time:0:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/18/2019
 

Popular THB cross rates


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

DateExchange RatePeriod
10 Feb 20190.03181 Week
18 Jan 20190.03151 Month
21 Aug 20180.03066 Months
17 Feb 20180.03201 Year
17 Feb 20170.02862 Years
18 Feb 20140.03085 Years
19 Feb 20090.028110 Years

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

DateExchange RatePeriod
10 Feb 20190.02811 Week
18 Jan 20190.02771 Month
21 Aug 20180.02656 Months
17 Feb 20180.02581 Year
17 Feb 20170.02692 Years
18 Feb 20140.02245 Years
19 Feb 20090.022210 Years

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

DateExchange RatePeriod
10 Feb 20190.02461 Week
18 Jan 20190.02451 Month
21 Aug 20180.02376 Months
17 Feb 20180.02281 Year
17 Feb 20170.02302 Years
18 Feb 20140.01855 Years
19 Feb 20090.019610 Years

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

DateExchange RatePeriod
10 Feb 20193.48821 Week
18 Jan 20193.45791 Month
21 Aug 20183.37176 Months
17 Feb 20183.39711 Year
17 Feb 20173.22702 Years
18 Feb 20143.15215 Years
19 Feb 20092.645210 Years

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

DateExchange RatePeriod
10 Feb 20190.04471 Week
18 Jan 20190.04391 Month
21 Aug 20180.04166 Months
17 Feb 20180.04041 Year
17 Feb 20170.03732 Years
18 Feb 20140.03425 Years
19 Feb 20090.043510 Years

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

DateExchange RatePeriod
10 Feb 20190.04221 Week
18 Jan 20190.04181 Month
21 Aug 20180.03996 Months
17 Feb 20180.04011 Year
17 Feb 20170.03742 Years
18 Feb 20140.03385 Years
19 Feb 20090.035310 Years

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