Thai Baht (THB) Exchange Rates Today
Live rates, 30-day trends, and real talk about what banks charge you for Thai Baht.
Mid-market rate - no bank markup 200+ currencies Free
What is the Thai Baht?
Thailand is a major tourist destination - tourism accounts for roughly 12% of GDP. THB is commonly converted by the millions of visitors to Bangkok, Chiang Mai, and the Thai islands each year.
Symbol: ฿ ISO code: THB Central bank: Bank of Thailand (BOT)
BIS ranking: 22nd most traded (the 22nd most bought and sold currency worldwide) Used in: Thailand
This page is a hub for all THB exchange rates on our site. Use the converter above to check the current mid-market rate for Thai Baht against any supported currency, or scroll down to browse individual pair pages with 30-day charts, historical data, and conversion tables.
How Thai Baht is commonly exchanged
Tourism accounts for roughly 12% of Thailand's GDP, making the Baht one of the most commonly converted currencies for travelers. USD/THB is the primary pair. Millions of visitors to Bangkok, Chiang Mai, and the Thai islands need to convert to THB each year, creating predictable seasonal patterns.
Most THB conversions pass through one of the major pairs listed below. For less common combinations, rates are computed as cross-rates through USD or EUR, which may carry a slightly wider spread.
Practical notes for Thai Baht
Travel and card conversions
If you are spending in Thai Baht, a card with no foreign transaction fee is typically the best option. Always choose to be charged in THB (the local currency) at point of sale - selecting your home currency triggers Dynamic Currency Conversion, which adds an unnecessary 3-6% markup to your transaction.
Bank spreads
As a less liquid currency, THB spreads at banks and exchanges tend to be wider than for major currencies - sometimes 4-6% at banks and up to 15% at airport counters. Online transfer services usually offer much tighter spreads for THB.
Local tip
In Thailand, most bank ATMs charge a fixed fee of around 220 THB per withdrawal (varies by bank). Take out larger amounts to reduce the per-transaction cost.
The Bank of Thailand (BOT) and the Thai Baht
The Bank of Thailand (BOT) targets 1-3% headline inflation and meets eight times per year.
Policy tool: The policy rate. The BOT also monitors capital flows and can impose measures to prevent excessive baht appreciation or depreciation.
Key data releases: Thai CPI, GDP, tourism arrivals (a major economic driver), and trade balance.
Moments that shaped the Thai Baht
Asian Financial Crisis trigger (1997)
On 2 July 1997, Thailand abandoned its peg to the US Dollar after exhausting foreign reserves trying to defend it. The baht lost more than half its value in months, triggering the Asian Financial Crisis that spread across the region. Source: International Monetary Fund
Did you know?
- Thailand is the only Southeast Asian country never colonized by a European power. The word 'baht' originally referred to a unit of weight for silver, similar to the British pound.
Frequently asked questions
Is the Thai Baht strong or weak right now?
The Thai Baht's strength fluctuates based on regional economic conditions, capital flows, and the Bank of Thailand's monetary policy stance. To assess whether the baht is currently strong or weak, check the rate statistics and historical charts on this page - they show how THB has moved against major currencies like USD, EUR, and GBP over different time periods.
Comparing current levels to 12-month or 5-year averages gives you a sense of whether the baht is trading at the stronger or weaker end of its recent range.
What factors affect the Thai Baht exchange rate?
The Thai Baht responds to Thailand's tourism revenues (a major income source), agricultural exports, the Bank of Thailand's interest rate decisions, and regional economic stability. Capital inflows and outflows also move the baht - foreign investors buying Thai assets strengthen it, while outflows weaken it.
Geopolitical events in Southeast Asia and global risk sentiment affect baht flows, as do shifts in trade balances with key partners like China, the US, and Japan.
What is the outlook for the Thai Baht?
Rather than predict the baht's direction, focus on factors to watch: the Bank of Thailand's inflation targets and rate decisions, tourism recovery trends, and Thailand's export competitiveness in semiconductors and agricultural products. Economic data releases from Thailand - GDP growth, unemployment, and trade figures - provide real information about the baht's underlying support or pressure.
Monitor central bank communications and regional economic developments to form your own view.
Is the Thai Baht widely used internationally?
The Thai Baht is not a reserve currency and is primarily used within Thailand and for cross-border trade with Southeast Asian partners. Most international transactions involving Thailand settle in US dollars or other major currencies, though the baht is freely convertible and traded in currency markets.
It's essential for anyone doing business in Thailand or paying Thai suppliers, but it plays a limited role in global finance compared to the USD, EUR, or JPY.
How do I compare THB rates across providers?
Use the converter above to see live THB rates from multiple pricing sources - it displays competitive quotes so you can spot which providers offer the tightest spreads. For specific currency pair data, check the pair pages below, which show historical rate movements and volatility metrics.
Banks, money transfer services, and online currency platforms each price THB differently, so comparing a few quotes before exchanging larger amounts can save you money.
How has the Thai Baht performed historically?
The Thai Baht experienced major volatility during the 1997 Asian financial crisis, when it depegged from a basket of currencies and lost significant value - a watershed moment in regional economic history. Since then, the baht has generally appreciated against many emerging market currencies but has fluctuated against the US dollar based on interest rate differentials and capital flows.
The rate statistics and charts on this page show multi-year performance, revealing patterns in baht strength across different economic cycles.
How volatile is the Thai Baht?
The Thai Baht exhibits moderate volatility compared to major currencies like USD and EUR, but can be more volatile than some developed-market peers during periods of regional stress or capital flow shifts. Check the volatility data and historical charts on this page to see how much the baht has moved against your currency over 1-month, 3-month, and 12-month windows.
Seasonal patterns appear in THB volatility - tourism seasons and harvest cycles can amplify swings.
What is the best way to exchange Thai Baht?
The best method depends on your location, the amount, and how soon you need THB. If you're in Thailand, local banks and ATMs offer competitive rates; outside Thailand, compare rates from online currency transfer services, banks, and specialist money changers using the converter above.
For large sums, shop around - fees and spreads vary widely. Avoid airport currency booths unless you have no alternative, as they typically offer poor rates.
How long will $100,000 last in Thailand?
How far $100,000 stretches in Thailand depends on your lifestyle and the current USD-THB exchange rate shown in the converter above. Thailand offers a wide cost spectrum - you can live modestly in rural areas on $1,000 monthly or spend $5,000+ in Bangkok's expat neighborhoods.
To estimate your personal budget, research your specific housing, food, and activity costs, then use the current rate to convert THB expenses back to USD.
Is it better to carry USD or THB in Thailand?
Within Thailand, carrying Thai Baht is essential since most vendors, restaurants, and local businesses require it - USD is rarely accepted outside tourist-oriented shops and hotels. Check the exchange rate above to understand the conversion before you arrive, so you know how much THB you'll receive.
If you're visiting briefly, a mix of baht for daily expenses and a backup USD card or cash for emergencies is practical.
Is it better to use USD or THB in Thailand?
Thai Baht is the only practical choice for everyday transactions in Thailand - ATMs dispense it, merchants price goods in it, and using USD invites poor exchange rates at tourist venues. Use your bank's ATM card or a travel-friendly card to withdraw baht at the official rate rather than exchanging cash at the airport.
Paying in USD at tourist spots typically costs more than paying in baht, since merchants apply a premium to the conversion.
What is a good exchange rate for USD to baht?
A 'good' rate is relative - it depends on the current market rate shown in the converter above and how it compares to historical averages. Rather than chasing a specific number, focus on the spreads: banks and online services add markup above the mid-market rate, so compare offers from several providers to find the tightest markup.
The rate statistics on this page show where USD-THB trades historically, giving you context for whether current quotes are competitive.
Learn more
- Bank of Thailand - Exchange Rates - Official daily baht rates
- National Statistical Office of Thailand - Tourism and economic data that influence the baht
Thai Baht volatility profile
The Thai baht shows medium volatility, influenced by tourism flows, electronics exports, and regional Asian currency trends. The Bank of Thailand intervenes to manage excessive appreciation that could hurt export competitiveness.
Live volatility score updates when market data is available.
Cost to convert Thai Baht
Banks typically mark up THB conversions by 3-5%. Specialist transfer providers offer rates much closer to the mid-market rate shown above, potentially saving you $30-55 on every 1,000 THB you convert.
| Provider | Typical fee | You receive |
|---|---|---|
| Wise | Mid-market rate + ~0.5% fee | — |
| Revolut | Mid-market rate, free up to monthly limit | — |
| OFX | No fixed fees, ~0.4% spread | — |
| Typical bank | 3-5% markup + fixed fee | — |
Based on sending 1,000 THB to US Dollar. Costs include spread markup and fees. See full THB to USD comparison →
Compare Thai Baht with similar currencies
Thai Baht belongs to the following currency characteristic groups. Currencies within each group often move in correlated patterns.
Asian trade bloc
Major Asian trading currencies linked by regional supply chains and trade flows. Movements in one often ripple through the others.
THB rate statistics
Thai Baht rate context
We compare the current Thai Baht exchange rate against its recent trading range to help you decide whether now is a good time to convert. The live analysis updates throughout market hours.
Rate analysis updates when live data is available.
Forex Market Hours
The forex market is open 24 hours a day, five days a week. Trading passes between these major financial centers as the world turns.
| Market | Timezone | Local Time | Status |
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| 🇦🇺 Sydney | AEST | — | — |
| 🇯🇵 Tokyo | JST | — | — |
| 🇬🇧 London | GMT/BST | — | — |
| 🇺🇸 New York | ET | — | — |
All THB Currency Pairs
Live exchange rate pages for Thai Baht against every supported currency.