How To Send Money To Thailand [Forbes]
Moneygram International, Inc. (MGI)
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Source: Forbes
With a range of options available when sending money overseas, here's a look at the pros and cons of different methods for currency transfer to ensure you're getting the most Thai baht for your pound. Is the pound strong against the Thai baht? The official currency of Thailand is the baht. It is divided into 100 satang. Among the best tourist rates £1 Sterling is worth about 42 Thai baht ( May 2023 ). The 10-year high was in 2015 when £1 Sterling bought just over 56 baht. When the pound is strong against the baht this is good for tourists and holidaymakers in Thailand as their spending money goes much further when buying currency. Conversely when £1 falls relative to the baht it is more expensive for Brits to visit and send money to Thailand – their hard-earned pounds buy less currency. What are the different options for sending money to Thailand? There's lots of choice about how you send currency to Thailand. Different options might suit different needs so always do your
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