1 THB = 0.031508 USD
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What's in this Thai Baht to US Dollar guide?
Quick Conversions from Thai Baht to US Dollar
To calculate specific THB/USD amounts use our Convert THB to USD 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/USD International Money Transfers. Costs are calculated against the current interbank mid-rate.
THB to USD International Money Transfers
|Foreign Transfer Providers||Receive USD(U$)||Exchange Rate||Fee THB||Total Cost||Deal Links|
|Your amount above the WorldRemit THB2000 maximum|
|WorldRemit: Foreign Transfer THB→USD|
|From Amount (THB)||฿10,000|
|Transfer Speed:||1 day|
|Services:||Bank Transfers & Cash Pickup - Online only|
Country Guides (THB & USD)
|United States (USD)||Thailand (THB)||East Timor (USD)|
|Ecuador (USD)||El Salvador (USD)||British Virgin Islands (USD)|
|US Virgin Islands (USD)||Caribbean Netherlands (USD)||Turks and Caicos Islands (USD)|
THB and USD in the Markets
When determining the best time to make a foreign exchange transaction, in this case the THB vs USD, 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.
US Dollar (USD)
Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.
The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.
At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.
Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.
Read more in the article USD Forecasts.
How to get Best THB to USD 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.
What is a good THB to USD exchange rate?
This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.
The following table looks at the change in the THB to USD exchange rate to the present day for periods going back upto 10 years.
When is the best time to exchange THB to USD?
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.
We help you Save Money on Exchange Rates.
View all THB Exchange Rates