THB/NZD update & alerts
1 THB = 0.050178 NZD
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THB/NZD Exchange Rates and Providers Compared
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 THB/NZD International Money Transfers. Costs are calculated against the current interbank mid-rate.
THB to NZD International Money Transfers
THB and NZD in the Markets
When determining the best time to make a foreign exchange transaction, in this case the THB vs NZD, 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.
New Zealand Dollar (NZD)
The New Zealand dollar weakened in June to a 7-month low against the euro, at rates below €0.58.
At US$0.65, the kiwi remained weak against the greenback, 6 percent lower than rates in March.
Against the Australian dollar, NZD has been steady in recent months, having spent much of its time between A$0.94 and A$0.95.
Robbing New Zealand's currency of gains in 2019 have been lower NZ interest rates, reduced risk appetite spurred on by an escalation in the US-China trade standoff, and high correlations with other weak currencies, including the Australian dollar and yuan.
For more details read the full article NZ dollar news and forecasts.
Read more in the article NZD Forecasts.
Why can't I just get the THB/NZD 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 / NZD 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.
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