AUD/THB Exchange Rates and Providers Compared
This guide to the Australian Dollar to Thai Baht exchange rate with 90-day chart & alerts, historic rates, forecasts and AUD to THB comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our AUD/THB Quick Calculator.
Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AUD/THB International Money Transfers. Costs are calculated against the current interbank mid-rate.
Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.
Thai baht Travel Money
|Travel Money Providers||Amount THB(฿)||Exchange Rate||Fee AUD||Total Cost||Deal Links|
Bank of Melbourne Foreign Currency
|19.78||$10 Home Delivery & AusPost collect||4.98%|
|Bank of Melbourne: Travel Money AUD→THB|
|From Amount (AUD)||A$1,000|
|Fee:||A$15 AUD (Minimum fee)|
|Exchange Rate:||20.09 (3.49% from mid-rate)|
|To Amount (THB)||฿19,789|
Rate Fetched: website - 6:00 Local
|Foreign Xchange: Travel Money AUD→THB|
|From Amount (AUD)||A$1,000|
|Fee:||$10 Home Delivery & AusPost collect, No other Fees|
|Exchange Rate:||19.78 (4.98% from mid-rate)|
|To Amount (THB)||฿19,780|
|Currency Services:||Order online. Home Delivery and Australia Post Collection for a flat $10 fee|
|Delivery/Collect:||3 business days|
|Commonwealth Bank (CBA): Travel Money AUD→THB|
|From Amount (AUD)||A$1,000|
|Fee:||A$10 AUD (1%)|
|Exchange Rate:||19.39 (6.85% from mid-rate)|
|To Amount (THB)||฿19,196|
Rate Fetched: website - Tue Jan 28 2020 05:02:02 GMT+0000 (UTC)
AUD and THB in the Markets
When determining the best time to make a foreign exchange transaction, in this case the AUD vs THB, you should pay attention to the recent market trends for both currencies.
Australian Dollar (AUD)
Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.
The threat of proxy war between the US and Iran in Iraq also pared back some of the gains the Aussie had made coming into the New Year.
The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead.
The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely. In November it had been all downhill traffic for the Aussie dropping back from highs close to 70c at the beginning of the month to around 67c against the USD by month end.
At the end of October the AUD had surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.
The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.
Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.
Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations.
For AUD forecasts and predictions read our Australian Dollar Forecasts report.
Read more in the article AUD Forecasts.
Thai Baht (THB)
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.
Why can't I just get the AUD/THB market rate I see online or in the media?
The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AUD / THB was traded (bought or sold) in the international markets.
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.
Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
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