1. Exchange Rates
  2. New Zealand dollar (NZD)
  3. Thai baht (THB)

Convert NZD to THB at Best Exchange Rates

Use this two-way calculator and chart to calculate amounts in either New Zealand dollar or 1000 using the real-time NZD/THB market mid-rate. Then choose your transaction type Foreign Transfer Travel Money to see the available exchange rates and reviews for our leading foreign exchange providers.

NZD to THB mid-rate calculator

1 NZD equals

Compare rates for: Foreign Transfers    Travel Money

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Loading NZD/THB Chart

There are three important types of information that you need to know if you are to have any chance of getting the best possible NZD / THB rate :

  1. Market NZD to THB mid-rate - the starting point.
  2. Transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Up-to-date Currency News, Research and Forecasts for New Zealand dollar and Thai baht.

1. Market NZD/THB mid-rate

Right now the NZD/THB market rate is and represents how many Thai baht you can get for one New Zealand dollar.

The NZD/THB mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the NZD / THB was traded (bought or sold) in the international markets.

1 New Zealand dollar equals
Thai baht 1=

You can calculate with the current mid-rate using our NZD to THB calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

2. Transaction Costs - Margins and Fees for NZD/THB Foreign Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

NZD to THB Foreign Transfer - Costs Compared

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from NZD to THB.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending NZD 10,000 to THB

 OFX (prev. NZForex)
฿221,200 THB (1.95%)
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: ฿221,200 THB
Exchange Rate: 22.12
Fees: NZD 0
Total Cost : 1.95% (from mid-rate: 22.5593)
This is the amount of money that could be received by your transfer at rate NZD/THB=22.12 and inclusive of the fee of NZD 0.
Rate timestamp : Sun Apr 22 2018 02:09:58 GMT+0000 (UTC)
Bank Rates - Average
฿213,829 THB (5.21%)
This is the average NZD 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: ฿213,829 THB
Exchange Rate: 21.43
Fees: NZD 22
Total Cost : 5.21% (from mid-rate: 22.5593)
Receive THB ฿7,371 less than with   OFX
This is the amount of money that could be received by your transfer at rate NZD/THB=21.43 and inclusive of the fee of NZD 22.

Travel Money NZD to THB - Costs Compared

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Travel Money Exchange Rates Compared

Buying THB Cash with NZD 2,000

 Travelex Online
฿42,969 THB (4.76%)
Click here to order Travel Money and the Pre-paid Cash Passport with $0 commission* and great exchange rates only available online. Pickup your cash at your local Travelex store or conveniently at the airport on departure day.
* Orders paid for via BPAY incur no additional fees, credit/debit fee 1.8%
Price Details
Receive: ฿42,969 THB
Exchange Rate: 21.4844
Fees: NZD 0 *
Total Cost : 4.76% (from mid-rate: 22.5593)
Amount of money that could be received by your currency exchange at rate NZD/THB=21.4844 and inclusive of the fee of NZD 0 *.
Rate timestamp : Sun Apr 22 2018 02:00:02 GMT+0000 (UTC)
Bank Rates - Average
฿41,897 THB (7.14%)
This is the average NZD 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: ฿41,897 THB
Exchange Rate: 21.16
Fees: NZD 20 (1%)
Total Cost : 7.14% (from mid-rate: 22.5593)
Receive THB ฿1,072 less than with   Travelex Online
Amount of money that could be received by your currency exchange at rate NZD/THB=21.16 and inclusive of the fee of NZD 20 (1%).
Rates snapshot: 04/22/2018

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.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same NZD/THB market rate I see on Google or in the Media?

When you look up the current New Zealand dollar to Thai baht exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

NZD to THB mid-rate on google

NZD to THB mid-rate on google search

Getting a great NZD to THB mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below NZD to THB calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific New Zealand dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

3. Currency News, Research and Forecasts for New Zealand dollar and Thai baht

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another currency.

So it follows that if you are determining the best time to transact, in this case the NZD vs THB, you should pay attention to both New Zealand dollar and Thai baht news and forecasts.

New Zealand dollar (NZD) - Market news and forecasts

The New Zealand dollar gained handsomely against the Australian dollar between October and mid-April, strengthening by 7% to fetch 0.95 AUD, although the kiwi remains within the central portion of its 2014-2018 trading range against AUD.

Against the US dollar, the New Zealand dollar had rallied at the time of this report to 0.738 and continues to climb steadily towards the highs of its current cycle, roughly between 0.745 and 0.755.

In April, analysts at Saxo Bank questioned whether NZD had the legs to threaten cycle highs given likely unfavourable changes to the NZ-US interest rate differential. US benchmark interest rates have already risen to match New Zealand’s and are expected to overtake them this year. While further US hikes are expected in 2018, no rate hike in New Zealand is expected until mid-2019. Accounting and consulting firm PwC described the NZ-US differential in April as a “massive change in market conditions” that offered a “disincentive to invest in the New Zealand dollar.”

Other threats to the New Zealand dollar include the potential for a US-China trade war, which would threaten global trade and consequently weigh on growth-sensitive currencies like NZD. The kiwi got a boost in the second week of April after Chinese Premier Xi Jinping declined from speaking harshly on Washington’s trade policies at the Boao Forum (“Asia’s Davos”).

Thai baht (THB) - Market news and forecasts

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.

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