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THB to MXN - Rate Guide

Thai Baht to Mexican Peso 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/Card transactions as shown below.

 

1 THB = 0.5962 MXN

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THB to MXN - Trading Range (90 Day)
1-DAY ▼ 0.6% (2d)90-DAY LOW (2d)
THB/MXN at 0.595 is trading 4.7% below the 90-day average 0.6245 with a range 0.5943 to 0.6474. There are no current rate alerts.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Thai Baht to Mexican Peso

THB

MXN

฿ 1
Mex$ 0.5962
฿ 5
Mex$ 2.9810
฿ 10
Mex$ 5.9620
฿ 20
Mex$ 11.92
฿ 50
Mex$ 29.81
฿ 100
Mex$ 59.62
฿ 250
Mex$ 149.05
฿ 500
Mex$ 298.10
฿ 1,000
Mex$ 596.20
฿ 2,000
Mex$ 1,192
฿ 5,000
Mex$ 2,981
฿ 10,000
Mex$ 5,962
฿ 50,000
Mex$ 29,810
฿ 100,000
Mex$ 59,620
More amounts

THB

MXN

฿ 1.6773
Mex$ 1
฿ 8.3865
Mex$ 5
฿ 16.77
Mex$ 10
฿ 33.55
Mex$ 20
฿ 83.87
Mex$ 50
฿ 167.73
Mex$ 100
฿ 419.33
Mex$ 250
฿ 838.65
Mex$ 500
฿ 1,677
Mex$ 1,000
฿ 3,355
Mex$ 2,000
฿ 8,387
Mex$ 5,000
฿ 16,773
Mex$ 10,000
฿ 83,865
Mex$ 50,000
฿ 167,730
Mex$ 100,000
More amounts

To calculate specific THB/MXN amounts use our Convert THB to MXN quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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 THB/MXN International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

THB to MXN International Money Transfers

  

Foreign Transfer ProvidersReceive MXN(Mex$)Exchange RateFee THBTotal CostDeal Links
WorldRemit logo
Your amount above the WorldRemit THB2000 maximum
 
WorldRemit logo
WorldRemit: Foreign Transfer THB→MXN
From Amount (THB)฿10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 02/17/2020 - View latest rates

Country Guides (THB & MXN)

MexicoMexico (MXN)ThailandThailand (THB)

THB and MXN in the Markets

When determining the best time to make a foreign exchange transaction, in this case the THB vs MXN, 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. 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.

 

Mexican Peso (MXN)

At 18.8 per US dollar, the Mexican peso was trading on April-20 close to its strongest level in 6 ½ months, though it was meeting significant resistance (USD/MXN support) at 18.75—a level from which the peso was repelled twice last October, in March, and once already in April.

Boosting the peso has been the thriving oil market. Oil is high on the list of Mexico’s top exports and by April-20 it was up 44 percent for the year to $65 per barrel.

Also supporting the peso has been the dovish turn by the Federal Reserve. With no increase in US interest rates projected this year, the dollar will weaken and the peso should gain value because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

Earlier this year, ING said that the peso would be among 2019’s best performing emerging market currencies, though newly-formed BlueLine Asset Management said one if its first market bets would be on peso depreciation based on disappointing economic growth.


How to get Best THB to MXN Exchange Rates

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).

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.

When is the best time to exchange THB to MXN?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

It is also a good idea to be aware of the change in the historic THB/MXN exchange rate over longer periods.

THB/MXN - Historical Rates

PeriodTHB/MXNDate
1 Day0.598110 Feb 2020
7 Day0.602604 Feb 2020
30 Day0.622012 Jan 2020
3 Month0.640413 Nov 2019
1 Year0.614211 Feb 2019
5 Year0.457912 Feb 2015
10 Year0.391113 Feb 2010

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