What is the
HSBC Send Money conversion rate for USD to THB?
The HSBC USD to THB exchange rate is 30.97. This is -5.1% compared to the latest USD-THB mid-market rate 32.65.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to Thai baht (THB) rates from different sources before making a conversion.
The above
HSBC - Dollar to Baht comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
HSBC and other foreign exchange providers against the latest USD-THB mid-rate and the possible savings of using various providers.
How do HSBC USD-THB rates compare between providers?
Looking at the
full comparison table
the best USD to THB exchange rate is 32.49 from OFX, -0.49% from the mid-market rate 32.65. The next best rate is 32.45 from XE, -0.61% from the mid-rate. Then Wise with 32.44 is -0.64% from the mid-rate.
The Western Union rate is 32.32 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 29.99 at -8.1% the Wells Fargo Bank rate is 29.8 at -8.7% and the Citibank rate is 31.3 at -4.1% compared to the mid-rate 32.65.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like HSBC often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.
Compare USD to THB Transfer Rates