1 USD to THB - Convert US Dollar to Thai Baht

Looking at the 30-day window, the USD/THB pair traded in a range of 31.7706 to 34.0350. The monthly average was 32.9167 with 1.91% volatility. The relatively low volatility indicates stable trading conditions for the USD/THB currency pair.

The current mid-market exchange rate is 1 USD = 33.2156 THB, updated as of June 24, 2026, 3:08 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

US Dollar to Thai Baht Exchange Rate

Thailand is Southeast Asia's second largest economy and one of the world's most visited countries, welcoming over 35 million tourists in peak years. Tourism revenue in dollars, euros, and other currencies is a major source of baht demand, making USD/THB sensitive to travel trends in ways that few other currency pairs match.

When Tourists Move the Currency

Tourism accounts for roughly 12-18% of Thailand's GDP depending on the year. When 35 million visitors arrive and exchange their dollars, euros, and yuan for baht, it creates substantial demand that supports the currency. During the 2020-2021 pandemic shutdown, tourist arrivals dropped to near zero and the baht weakened significantly. As tourism recovered in 2022-2024, the baht regained ground. No other G20 or major emerging market currency has this level of direct exposure to global travel patterns.

What Drives the USD/THB Rate

Tourism flows, Bank of Thailand interest rate decisions, trade balance, foreign investment, and the global dollar index are the main drivers. Thai rice and rubber exports, automotive manufacturing output, and Chinese tourist volumes specifically affect the baht. Political stability in Thailand, which has seen periodic coups and constitutional changes, also adds volatility.

What a Conversion Really Costs

Thailand has one of the most competitive currency exchange markets in the world for cash transactions. Exchange booths in Bangkok, particularly on Sukhumvit Road and in the Siam area, offer rates within 0.2-0.5% of mid-market. Banks charge 1-2%. For transfers from abroad, digital services offer 0.5-1.5%. Airport exchanges are significantly worse at 3-5%.

How to Get the Best USD to THB Rate

If you are in Thailand, exchange booths in Bangkok offer the best cash rates anywhere in the world. Avoid the airport. For wire transfers, compare digital services against the mid-market rate on this page. Withdraw from ATMs only as a last resort since Thai banks charge a 220-baht surcharge per withdrawal on top of your bank's fees.