INR/THB update & alerts
1 INR = 0.4274 THB
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INR/THB Exchange Rates and Providers Compared
This guide to the Indian Rupee to Thai Baht exchange rate with 90-day chart & alerts, historic rates, forecasts and INR 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 INR/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 INR/THB International Money Transfers. Costs are calculated against the current interbank mid-rate.
| Foreign Transfer Providers | Receive THB(฿) | Exchange Rate | Fee INR | Total Cost | Deal Links |
|---|---|---|---|---|---|
Banks - Average Rate   Average Bank Rate | ฿4,068 | 0.4110 | 15 | 4.81% |
INR and THB in the Markets
When determining the best time to make a foreign exchange transaction, in this case the INR vs THB, you should pay attention to the recent market trends for both currencies.
Indian Rupee (INR)
The rupee is doing remarkably well in what is normally a seasonally weak time of year and despite a 35 percent rise in the oil price this year (oil is India's largest import).
In early May, by the narrowest of margins, the rupee reached a 16-month high against the Australian dollar (₹48.4), before falling back slightly. It rose towards long-term highs against the euro (₹77.3) and was flat on the year against the US dollar (₹69.2), although it was 8 percent higher against the greenback than it had been in October of last year.
Read more in the article INR Forecasts.
Thai Baht (THB)
Recent years have been extremely kind to the baht and 2019 has been no exception. Approaching mid-year, 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 INR/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 INR / 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.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
We help you Compare & Save Money on Exchange Rates.
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