A guide to exchange rates in Thailand

Exchange rates in Thailand and other countries change daily. To view the current exchange rates for Thailand, simply click on the various websites linked at the end of this article. All exchange bureaus have a digital rate board that displays the rates in real time. These rates indicate the current conversion rate. Next to the respective price, the flag of the country shown on the board is displayed. Before checking the current exchange rates for Thailand, we have compiled some information about foreign exchange rates to help you understand the rate board. Below you will find answers to frequently asked questions about currency exchange.

What is an exchange rate?

An exchange rate essentially indicates how much of one currency you receive for each unit of another currency. When exchange rates fluctuate, this is called appreciation or depreciation. This means that during an appreciation, you need more of the other currency to buy one unit of the target currency, and during a depreciation, you need less. Most exchange rates fluctuate (this is called free float) and are determined by supply and demand in the foreign exchange market. Other exchange rates are fixed. For example, the exchange rate between the Hong Kong dollar and the US dollar is fixed. This means it remains within a fixed range.

Exchange rates also have a "spot rate." This rate corresponds to the present value or current market value of the currency. Some exchange rates also have a "forward rate." This rate is based on the expectation that the currency will rise or fall relative to its current spot rate. Such forward rates can fluctuate due to differing expectations regarding future interest rates in different countries.

Thailand and other countries may have different exchange rates and currency restrictions. A currency restriction means that exchanging a particular currency is limited to that country. The value of such currencies can be set by the government, as is the case in China. The average value of the Chinese yuan is determined daily by the government. Such a restriction allows trading in the yuan only at a rate that is no more than 2% above or below the daily set average. Generally, you will find a better exchange rate within a country than abroad.

Exchanging your foreign currency into Thai Baht during your stay in Thailand

When looking at a currency conversion chart, the TT rate is the rate banks use when someone wants to transfer money from abroad. Since travelers to Thailand and elsewhere usually exchange their currency only after arriving in the Kingdom, it's important to know which column on the currency conversion chart is relevant. In this case, you're looking for the TT rate, which is also labeled the "selling rate" on the digital currency conversion chart. Essentially, you're selling your foreign currency to the Thai institution, which then buys it in exchange for Thai Baht.

Exchanging Thai Baht for a foreign currency during a stay in Thailand

If you want to exchange your Thai Baht for another currency while in Thailand, you need to look for the "Buy" column in the foreign exchange market. This means you want to exchange the currency of your current country of residence for the currency of another country.

To view the various banks in Thailand and their current exchange rates, click on the links below to access their exchange rate tables.

  • BANGKOK BANK https://www.bangkokbank.com/en/Personal/Other-Services/View-Rates/Foreign-Exchange-Rates
  • BANK OF THAILAND https://www.bot.or.th/english/financialmarkets/_layouts/application/interest_rate/in_rate.aspx
  • BANK OF AYUDHYA PUBLIC COMPANY LTD. https://www.krungsri.com/en/exchangerate/Todayrates
  • CIMB THAI BANK PUBLIC COMPANY LTD. https://www.cimbthai.com/en/personal/help-support/rates-charges/foreign-exchange-rates.html
  • INDUSTRIAL AND COMMERCIAL BANK OF CHINA (THAI) PUBLIC COMPANY LTD. http://www.icbcthai.com
  • KASIKORNBANK PUBLIC COMPANY LTD. https://www.kasikornbank.com/en/rate/pages/foreign-exchange.aspx
  • KIATNAKIN BANK PUBLIC COMPANY LTD. https://bank.kkpfg.com/en/exchange-rates
  • KRUNG THAI BANK PUBLIC COMPANY LTD. https://exchangerate.krungthai.com/#/counterRate
  • LAND AND HOUSES BANK PUBLIC COMPANY LTD. https://www.lhbank.co.th/Exchangerate/Lists
  • SIAM COMMERCIAL BANK PUBLIC COMPANY LTD. https://www.scb.co.th/en/personal-banking/foreign-exchange-rates.html
  • STANDARD CHARTERED BANK (THAI) PUBLIC COMPANY LTD. https://www.scb.co.th/en/personal-banking/foreign-exchange-rates.print.html
  • Thanachart Bank Public Company Ltd. https://www.ttbbank.com/en/rates/exchange-rates?dateCurrent=12302021
  • TMB BANK PUBLIC COMPANY LTD. https://www.ttbbank.com/archive/en/rates/foreign_exchange
  • UNITED OVERSEAS BANK (THAI) PUBLIC COMPANY LTD. https://ereport.uob.co.th/UOBWebFrontService/Exchange/FxRateEnNew.jsp?flags=LastFx

    • If you are interested in a daily overview of the exchange rates of Thai commercial banks, you can click on the following links:

    Superrich Thailand is a website that lists current exchange rates. You can visit Superrich Thailand by clicking here:

    https://www.superrichthailand.com/#!/en/exchange#rate-section

    XE Currency Exchange is another website where you can enter your current currency and select a target currency. You can visit the website here:

    Travelex is a British currency exchange website which you can access here:

    https://www.travelex.co.uk/

    Wise (formerly TransferWise) offers a similar currency converter. To use this converter, click here:

    https://wise.com/gb/currency-converter/

    Are you planning a trip to Thailand? For more information on traveling to Thailand during the Covid-19 pandemic, click here. You will need a visa to enter Thailand. Click here for more information on tourist visas and opening a Thai bank account.