According to SWIFT, in 2019, the Thai Baht was the 10th most frequently used payment currency in the world. Another publication rated it as the world’s best performing currency this year. Regardless to say, the Thai Baht is on a roll. Since the recession, the currency has become stronger than the Indian Rupee. Follow our handy tips to convert INR to Thai Baht at the best exchange rates.
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- Thailand Currency Exchange Rate
- Convert INR To Thai Baht
- Convert Thai Baht To INR
- Currency Exchange Places In Thailand
- ATMs And Debit Cards In Thailand
Thailand Currency Exchange Rate
The Thai Baht (THB) is the currency of Thailand. The symbol for Thai Baht can be written as ฿, whereas the symbol for INR can be written as Rs. The Thai Baht notes come in denominations of 20, 50, 100, 500, and 1000. Like the Indian Rupee is divided into 100 paise, the Thai Baht is divided into 100 Satang. Wondering how to convert INR into Thai Baht? As of 2019, 1 INR equals 0.426794 THB and 1 THB equals 2.34305 INR.
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Convert INR To Thai Baht
Learn to convert 1 INR to Thai Baht easily with the help of this short table.
| Indian Rupee | Thai Baht |
| 1 INR | 0.426794 THB |
| 5 INR | 2.13397 THB |
| 10 INR | 4.26794 THB |
| 25 INR | 10.6698 THB |
| 50 INR | 21.3397 THB |
| 100 INR | 42.6794 THB |
| 500 INR | 213.397 THB |
| 1000 INR | 426.794 THB |
| 5000 INR | 2133.97 THB |
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Convert Thai Baht To INR
If you want to learn how to convert 1 THB to INR, here is all the information you will need.
| Thai Baht | Indian Rupee |
| 1 THB | 2.34305 INR |
| 5 THB | 11.7153 INR |
| 10 THB | 23.4305 INR |
| 25 THB | 58.5763 INR |
| 50 THB | 117.153 INR |
| 100 THB | 234.305 INR |
| 500 THB | 1171.53 INR |
| 1000 THB | 2343.05 INR |
| 5000 THB | 11715.26 INR |
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5 Best Currency Exchange Places In Thailand
The INR to Thai Baht conversion rate can vary between different branches of the same bank and varying providers. Here’s where to convert INR to Thai Baht for zero or low fee:
1. Super Rich Thailand
Super Rich Thailand is a reputed money exchange chain that emerged in the country 50 years ago. It has won hearts through its excellent service and great exchange rates. Their rates are usually considered as the best all across the country. All 14 branches are located in close proximity to tourist attractions or busy shopping areas like Bangkok Suvarnabhumi Airport.
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2. Super Rich 1965
Super Rich 1965 is one of the biggest money exchange chains in Thailand. This chain has 22 branches all across the country, which are located in the vicinity of prime tourist hotspots. All these branches are known to offer remarkably good exchange rates. The rates are very close to the ones provided by Super Rich Thailand. It is rumored that the founders of Super Rich 1965 and Super Rich Thailand are brothers.
3. Vasu Exchange
Vasu Exchange is a famous independent money changer in Thailand. It is right in front of Nana BTS, which is located in the heart of the bustling Sukhumvit area. If you want to convert INR to Thai Baht for a low fee, this is your best bet. Their exchange rates are extremely competitive. Reportedly, on some odd days, they give you an exchange rate that is even better than what’s offered by the aforementioned two chains.
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4. Sia Money Exchange
Sia Money Exchange is a part of Golden Wall & Travel Service Co., Ltd. They have more than 30 years of experience and their work structure has been improved to create the best strategies for money exchange business. Their services are honest and transparent, winning the hearts of many clients throughout our experience. They have long been trusted in the business circle and their cash flow rate ranks among the top in Thailand’s money exchange business.
5. X-One Currency Exchange Center
If you want to convert INR to Thai Baht, skip the long queues outside banks and head to X-One Currency Exchange Center. Their INR buying rates and Thai Baht selling rates are the most advantageous in the market right now. Their outlet is located only 300 metres away from Patpong, a renowned tourist hotspot. You have to walk around 7 minutes from Samyan Station to reach the exchange center.
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ATMs And Debit Cards In Thailand
The best way to convert Thai currency to INR is at ATMs or by using your debit card. Here are a few things to keep in mind if you plan to use your card in Thailand:
- Ring up your bank at least two months before you plan to travel and tell the representative that you plan to use your card abroad.
- If your PIN contains zeroes, it may present problems in non-network ATMs, so make sure you clarify this with the representative at your bank beforehand.
- Never travel abroad with only one type of travel money. Bring along a credit card or some traveler’s checks.
- Withdraw money in smaller amounts if there is a foreign transaction fee in percentages.
- Make sure you assess whether a given ATM will incur foreign transaction fee before you withdraw money.
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When you’re in Thailand, it is a given that at some point you will convert INR to Thai Baht at a currency exchange place. Most developing economies run on cash transactions. Instead of being caught unaware, plan your trip to the exchange place so you don’t end up losing money. Book your trip to Thailand with TravelTriangle this year to avail exciting deals and discounts.
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Frequently Asked Questions About Convert INR To Thai Baht
How much INR can I carry to Thailand?
The minimum amount of money required to enter Thailand is 10,000 baht (INR 23,411) per person and 20,000 baht (INR 46,283) per family. You’re not permitted to import more than 50,000 baht (INR 1,17,057) per person.
Can INR be exchanged in Thailand?
Yes, INR can be exchanged in Thailand in banks, ATM’s, currency exchange centers or at the airport. However, you have to convert INR to Thai baht to use the currency immediately in Thailand.
Why Thai baht is stronger than INR?
Yes, Thai baht is stronger than the Indian rupee. There is a huge current account deficit in India, due to which Indian rupee keeps depreciating. The Thai baht, on the other hand, appreciates over time because its demand is higher than its supply.
Is it better to buy Thai bahts in India if you are traveling to Thailand?
The INR to THB rate that you get in Thailand will be higher than the THB to INR rate that you get in India. Thus, it is better to buy Thai baht in Thailand according to several blogs on Thailand travel tips.
How much money do I need for 7 days in Thailand?
You will need 10,000 baht (INR 23,411) for a 7-day trip to Thailand (excluding airfare).
What is the best currency to take to Thailand?
The best currency to take to Thailand is US dollar.
Is Thailand more developed than India?
In India, 21.9% live below the poverty line whereas in Thailand, 7.2% people are below the poverty line. In India, the unemployment rate is 8.8%. In Thailand, 0.7% of people are unemployed. India has a GDP per capita of 7,200 dollars, while Thailand has a GDP per capita of 17,900 dollars. Upon analysis, it seems like Thailand is more developed than India.
Where to convert Indian Rupee to Thai Baht?
There are many Thai Forex services in many places in and around India from where you can get Indian rupee converted to Thai Baht.
Where to convert Thai Baht to Indian Rupee?
Thailand is filled with many kiosks where the Thai Baht can be converted to Indian Rupee. Since Thailand is flocked by many tourists from various parts of India, there are many ATMs that offer forex services.
Is it better to convert INR to Thai Baht within India or in Thailand?
There is very less difference if you convert INR to Thai Baht within India or outside India.
Which is the best time to convert INR to Thai Baht?
One should keep an eye on the conversion rates specified in the websites and the official currency exchange boards of both the countries.
Is Indian Rupee accepted in Thailand?
No, Indian Rupee is not accepted in Thailand. One must convert the Indian currencies to Thai baht well before making a trip to Thailand. The currencies can be converted either in India or in Thailand.
Which is the next preferred currency in Thailand after Thai Baht?
The US Dollars are the next preferred currency in Thailand after the Thai Baht. Since the currency rates of US Dollars are much favourable for the economy of Thailand, the US Dollars are welcome all over Thailand.
Which are the countries that accept Thai Baht?
There are many countries in the South East Asian region that accept Thai Baht. Laos, Cambodia are some countries that have Thai Baht as one of the major currencies for circulation. As these countries share close borders and are economically integrated, Baht is accepted.
What can be done with the unused exchanged Thai Baht currencies?
The unused exchanged Thai Baht currencies can be exchanged for US Dollars and some of the home currency as well. The minimum currency amount to be held by the tourists or anyone entering Thailand amounts to 10,000 baht.
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As an expert in finance and currency exchange, I can provide comprehensive insights into the concepts and information presented in the article. My expertise is grounded in a deep understanding of global financial markets, currency trading, and economic indicators. Let's delve into the key concepts covered in the article:
Thai Baht Overview:
The Thai Baht (THB) is the official currency of Thailand, denoted by the symbol ฿. It is available in various denominations, including 20, 50, 100, 500, and 1000 Baht notes. Comparable to the Indian Rupee (INR), the Baht is subdivided into 100 Satang.
Exchange Rates:
The exchange rate between INR and Thai Baht plays a crucial role in international transactions. As of 2019, 1 INR is equivalent to approximately 0.426794 THB, and 1 THB is approximately 2.34305 INR. These rates are dynamic and subject to fluctuations based on market conditions.
Tips for Currency Conversion:
Converting INR to Thai Baht at optimal exchange rates is essential for travelers and businesses. The article recommends specific currency exchange places in Thailand and provides a table for easy reference on converting different amounts of INR to Thai Baht.
Currency Exchange Places in Thailand:
-
Super Rich Thailand: A well-established money exchange chain with a reputation for excellent service and competitive rates.
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Super Rich 1965: Another prominent exchange chain, rumored to have familial ties with Super Rich Thailand, offering favorable rates.
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Vasu Exchange: An independent money changer with competitive rates, located in the bustling Sukhumvit area.
-
Sia Money Exchange: Part of Golden Wall & Travel Service Co., with over 30 years of experience, known for transparent and trustworthy services.
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X-One Currency Exchange Center: Positioned near Patpong, this exchange center boasts advantageous rates for both INR buying and Thai Baht selling.
ATMs and Debit Cards in Thailand:
The article advises using ATMs or debit cards for currency conversion, highlighting some considerations:
- Inform your bank about international card usage in advance.
- Be cautious if your PIN contains zeroes, as it may pose issues in certain ATMs.
- Diversify your travel money with credit cards or traveler's checks.
- Withdraw smaller amounts to mitigate foreign transaction fees.
Frequently Asked Questions (FAQs):
The FAQs address various queries related to currency exchange, such as the amount of INR one can carry to Thailand, the strength of Thai Baht compared to INR, and the preferred currencies in Thailand.
Conclusion:
In conclusion, the article provides valuable insights for individuals planning to convert INR to Thai Baht, covering exchange rates, recommended exchange places, and practical tips for currency transactions in Thailand. This information is crucial for travelers, businesses, and anyone involved in cross-border financial transactions.
