Loading...

Home pages - full list (A-Z)

SGD/THB - Convert Compare Save

Singapore Dollar to Thai Baht exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Singapore Dollar to Thai Baht exchange rate, has news, forecasts and SGD to THB comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

SGD/THB Exchange Rates - How to Compare & Save

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 SGD/THB International Money Transfers. Costs are calculated against the current interbank mid-rate.

 

SGD to THB International Money Transfers

  

Foreign Transfer ProvidersReceive THB(฿)Exchange RateFee SGDTotal CostDeal Links
OFX logo
221,800 THB22.180 for BER users (normally $15)2.13%
DBS Bank logo
219,305 THB21.97183.23%
OCBC Bank International Money Transfers
OCBC Bank logo
218,295 THB22.05S$1003.67%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
217,504 THB21.83184.02%
HSBC logo
217,174 THB21.75S$154.17%
Citibank International Money Transfers
Citibank logo
215,241 THB21.55125.02%
 
OFX: Foreign Transfer SGD→THB
SGD amount:$10,000 SGD
Fee:0 for BER users (normally $15)
Exchange Rate:22.18 (2.13% from mid-rate)
THB amount:221,800 THB
Total Cost:2.13%
Time:
Rate Fetched: Tue Jul 23 2019 00:14:17 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer SGD→THB
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:21.97 (3.05% from mid-rate)
THB amount:219,305 THB
Total Cost:3.23%
Difference:
2,495 THB less than using OFX
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→THB
SGD amount:$10,000 SGD
Fee:S$100 SGD (1%)
Exchange Rate:22.05 (2.7% from mid-rate)
THB amount:218,295 THB
Total Cost:3.67%
Difference:
3,505 THB less than using OFX
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→THB
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:21.8 (3.8% from mid-rate)
THB amount:217,504 THB
Total Cost:4.02%
Difference:
4,296 THB less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→THB
SGD amount:$10,000 SGD
Fee:S$15 SGD (.15%)
Exchange Rate:21.75 (4.03% from mid-rate)
THB amount:217,174 THB
Total Cost:4.17%
Difference:
4,626 THB less than using OFX
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer SGD→THB
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:21.55 (4.91% from mid-rate)
THB amount:215,241 THB
Total Cost:5.02%
Difference:
6,559 THB less than using OFX
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 07/23/2019 - See full table

SGD to THB interbank exchange rate = 22.665

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on SGD/THB exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

SGD and THB in the Markets

When determining the best time to make a foreign exchange transaction, in this case the SGD vs THB, you should pay attention to the recent market trends for both currencies.

 

Singapore Dollar (SGD)

Singapore was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it created some negative sentiment that spurred a rise in USD/SGD to a 6-month high (SGD low) of S$1.384.

Overall, it’s been a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

In May, SGD was pressured by data showing core inflation at a 1-year low, by an escalation in US-China trade tensions, and after Singapore’s Ministry of Trade and Industry downgraded 2019 growth forecasts. At 1.2 percent, quarterly growth in the Lion City has slowed to its lowest level in a decade.

All said, the Monetary Authority of Singapore will, at best, keep monetary policy unchanged when it next meets in October (there's a chance it could turn dovish).

Read more in the article SGD 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 SGD/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 SGD / 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.

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.

 

View all SGD Exchange Rates