It's easy to see the THB to AUD exchange rate on XE, Bloomberg or any other currency converter. It's the real exchange rate that is set by the foreign exchange market. It's also sometimes called the 'wholesale' rate or the 'interbank' rate because it's used for wholesale amounts between banks. It's the best rate to convert foreign currency but often, it's very hard to actually get.

Where is the best place to exchange THB to AUD?

It's simple to sell THB and get Australian dollars in return, but it may not necessarily be as fast as walking into a money changer. Services like Australia Post also offer a foreign exchange service online but it takes between two and five business days before the currency is ready for pick-up or delivery so you need to be organised!

Alternatively, buying your currency in Thailand, in-store can be a good option but it all depends on where you go. The money changers in the centre of the main cities like Bangkok or Chiang Mai tend to be more competitive than smaller stores in towns.

Only change money at the airport as a last resort. The exchange rates and fees at Australian airports are among the worst in the world so avoid it at all costs if you want to get the best bang for your buck.

How can I convert THB to AUD at the best rate?

The exchange rate that you see online if you use Google, XE or any other currency converter, is the real exchange rate. It's also sometimes called the 'wholesale' rate or the 'interbank' rate because it used for wholesale amounts between banks. It's the best rate to convert foreign currency but often, it's very hard to actually get.

The key to finding the best foreign currency rate is to compare your options. Make sure that you compare not just the exchange rate, but the total cost of your currency including any service or delivery fees.

What is the best time to exchange THB to AUD?

As a rule of thumb, if you are selling THB with Australian dollars, you want the THB/AUD exchange rate to be as high as possible. The higher the rate, the better it is for you. It means that you will receive more Australian dollars for the same amount of Thai Baht.

Unfortunately there isn't a particular day of the week or time of the day that is the best time.

While it's impossible to pick the perfect time, you can set up a free rate tracker to keep an eye on the rate.