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THB to KRW - Rate Guide

Thai Baht to South Korean Won 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.

 

THB/KRW trend & alerts

1 THB = 38.91 KRW

THB/KRW is trading near the 90 day average 39.07 with a range from LOW 38.07 to HIGH 40.16. There are currently no alerts.
 

View THB/KRW - Interactive Chart

THB/KRW Exchange Rates and Providers Compared

This guide to the Thai Baht to South Korean Won exchange rate with 90-day chart & alerts, historic rates, forecasts and THB to KRW comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the THB/KRW Calculator.

THB / KRW converter & margin calculator

฿THB
₩KRW
mid-rates

When sending Thai Baht to South Korean Won we recommend:

WorldRemit WorldRemit


Foreign Transfers Travel Money

Thai Baht

South Korean Won

1 THB 38.91 KRW
5 THB 194.55 KRW
10 THB 389.10 KRW
20 THB 778.20 KRW
50 THB 1,945.50 KRW
100 THB 3,891.00 KRW
250 THB 9,727.50 KRW
500 THB 19,455.00 KRW
1,000 THB 38,910.00 KRW
2,000 THB 77,820.00 KRW
5,000 THB 194,550.00 KRW
10,000 THB 389,100.00 KRW
50,000 THB 1,945,500.00 KRW
100,000 THB 3,891,000.00 KRW
See more

Thai Baht

South Korean Won

0.0257 THB 1 KRW
0.1285 THB 5 KRW
0.2570 THB 10 KRW
0.5140 THB 20 KRW
1.2851 THB 50 KRW
2.5701 THB 100 KRW
6.4253 THB 250 KRW
12.85 THB 500 KRW
25.70 THB 1,000 KRW
51.40 THB 2,000 KRW
128.51 THB 5,000 KRW
257.01 THB 10,000 KRW
1,285.05 THB 50,000 KRW
2,570.10 THB 100,000 KRW
See more
Country Guides (THB & KRW)
South KoreaSouth Korea (KRW)ThailandThailand (THB)

THB/KRW - Historical Trends

This table shows historic rates and trends of Thai Baht to South Korean Won over periods upto 10 years.

PeriodTHB/KRWDate
1 Day38.926814 Oct 2019
7 Day39.427208 Oct 2019
30 Day38.692015 Sep 2019
3 Month38.177717 Jul 2019
1 Year34.791715 Oct 2018
5 Year32.756416 Oct 2014
10 Year35.001317 Oct 2009

You can use our THB interactive charts to check THBKRW historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

THB and KRW in the Markets

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

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.

 

South Korean Won (KRW)

The South Korean won has been the worst-performing Asian currency in 2019.

In the first five months of the year, the won lost 6 percent of its value against the dollar on its way to a 2-year low of ₩1,190, and lost 4 percent against the euro, with weakness driven by falling exports and an alarming drop in South Korean inflation, both of which drove expectations for an interest rate cut by the Bank of Korea. In addition, the won is one of those currencies being used as a proxy for risk, particularly for risks relating to US-China trade.

The Bank of Korea has warned traders that it will intervene in markets to prop up the won should the rate of currency depreciation accelerate, though interventions will be “mild.”

In late May, Bank of America Merrill Lynch predicted a reversal in won weakness. It said that it was “just a matter of time” before investors again focused on South Korea’s strong fundamentals. The bank expects USD/KRW to fall 7 percent in the second half of the year to ₩1,110.

Why can't I just get the THB/KRW 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 THB / KRW 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.

 

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