Sending money to Thailand is easy, and there are many great deals out there. As the economic situation in Thailand continues to change, there will continue to be significant fluctuations in currency exchange rates going forward. Otherwise, Thailand is an easy country to send money to if you know where to find the best money transfer deals.
The current exchange rate for the Thai Baht (THB) is 30.8715 THB per American Dollar (USD), as of the time this was written. The THB reached a high of 31.9499 THB per USD in the last 90 days, while the low was 30.4410 THB per USD. The average exchange rate over the last 90 days was 31.0149 THB per USD.
The average volatility of the THB against the USD was 0.29% over the last 90 days. The Thai Baht has also fluctuated significantly over the course of the last two years. These fluctuations haven’t been too severe, but they would make a noticeable difference in the case of regular, high-value transactions into Thailand. You can reasonably expect moderate fluctuations to continue going forward, barring any unforeseen circumstances.
The fastest & most reasonable option to send cash online to Thailand is with Ria Money Transfer’s fast service. There are a few other fast options, but their speeds are all comparable to Ria Money Transfer while being far more expensive.
With Ria Money Transfer’s fast service, you can expect your transfer to reach its destination in Thailand in a matter of minutes. The costs are also not too high but could be described as average. There are many cheaper options, but they’re all significantly slower.
The cheapest way is through OFX if you are in the US or UK. Americans and Brits can send funds to Thailand for no upfront fee and ridiculously low hidden currency conversion costs.
For other countries of departure, TransferWise is the cheapest way to transfer cash online to Thailand. They charge an upfront fee, which will appear slightly high. However, TransferWise is the only option that uses real currency conversion rates. There are no hidden conversion fees with TransferWise, making them the cheapest option by far from most countries.
The easiest way is through TransferWise. It only takes three easy steps to send money with TransferWise. You need to tap in the amount of money, the destination, then tap send. After that, all you do is pay TransferWise for the transaction. Your money should reach the Thai destination in one or two business days.
The overall best way to transfer funds to Thailand is through TransferWise. They don’t excel at anything in particular (besides cost), but they offer the best all-around deal for Thailand.