What's in this Thai Baht to South African Rand guide?
Quick Conversions from Thai Baht to South African Rand
To calculate specific THB/ZAR amounts use our Convert THB to ZAR 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/ZAR International Money Transfers. Costs are calculated against the current interbank mid-rate.
THB to ZAR International Money Transfers
|Foreign Transfer Providers||Receive ZAR(R)||Exchange Rate||Fee THB||Total Cost||Deal Links|
|Your amount above the WorldRemit THB2000 maximum|
|WorldRemit: Foreign Transfer THB→ZAR|
|From Amount (THB)||฿10,000|
|Transfer Speed:||1 day|
|Services:||Bank Transfers & Cash Pickup - Online only|
Country Guides (THB & ZAR)
|South Africa (ZAR)||Thailand (THB)|
THB and ZAR in the Markets
When determining the best time to make a foreign exchange transaction, in this case the THB vs ZAR, 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.
South African Rand (ZAR)
2018 was a grim year for the rand: it lost 14 percent of its value against the US dollar and lost 10 percent against the euro.
Stability returned in the first 5 months of 2019, with no change against the dollar and a 2 percent gain versus the euro.
Talk in May was all about the election, which was again won by the ANC party, led by Cyril Ramaphosa. This spurred a relief rally in the rand, but a serious fall in support for the ANC since 2014 suggests Ramaphosa will struggle implementing much-needed economic reforms.
With the election out of the way, analysts at Deutsche Bank are expecting the rand to weaken throughout the rest of the year.
"We think [rand] optimism will prove short-lived as the market quickly refocuses on deteriorating fundamentals," Deutsche said.
How to get Best THB to ZAR 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 ZAR 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 ZAR exchange rate to the present day for periods going back upto 10 years.
When is the best time to exchange THB to ZAR?
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