Compare Saudi Arabia Riyal to Thailand Baht For Sending Money to Thailand from USA

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Mid Market Rate

The mid-market rate is the midpoint between the buy and sell prices of two currencies.
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More Available Options

You can check rates of some more providers that may support your country
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.

About USD and THB

Thailand is a significant ally of the United States and thus there is a large number of remittances made yearly from US to Thailand. There were more than 72 thousand jobs recorded in US in 2015 due to exports made to Thailand. Moreover, many people in the US have friends and families living in Thailand. It is therefore vital that you learn the best way to send money to Thailand from US. With Exchange Rate IQ, you have everything you need to know.

The best way to send money from US to Thailand

Sending money from US to Thailand is nowadays available thanks to the current advancement in technology. You can now send money as long as you can access your smartphone. All you need to do is set up an account with various online money transfer companies like XE Money, OFX, and Remitly. It is also safe to say that these online money transfer options can provide the fastest way to send money from US to Thailand for you. Other benefits of online money transfer companies include:

  • Excellent customer support system
  • Easy to use
  • Competitive exchange Rates

If you do not want to use these online services, you can opt for more direct services offered by providers like Western Union and Travelex who have their agents located all over Thailand. Your recipient can then receive his or her money directly from designated points in just a matter of minutes.

Sending money through the bank is also possible. You can easily send money from banks in the US directly to a bank account in Thailand. You can track the transfer to make sure that it reaches on time.

4 things to consider before sending money to Thailand from US

It is your responsibility to make sure that you get the most out of your transfer. You can consider the various attributes of different transfer agents in determining which ones have the qualities that you desire. Some of the things to look out before choosing service providers are: 

  1. Transfer limits:

    Some companies issue transfer limits to the amount of transfer you want to make. Ask whether you warrant a fee-free transfer on the amount of money you opt to send. You may want to take a look at XE Money for some of the best rates and fees on your transfers.


  2. Exchange Rate:

    You have to look at the interbank rate and make sure that it is close to the transfer rate offered by the service provider. The closer they are, the more the value of your USD to THB hence the better the transfer option.


  3. Transfer speed:

    Is the transfer option that you choose fast in relation to the fees charged? If so, then you should consider picking it depending on your level of urgency. 


  4. Support system:

    This is dependent on how simple to use your transfer option is. In case there are complex processes to be followed to set up and initiate your transfer, look for an option with a support system that is always there for you when you need it.

FAQ's

How do I know the transfer option has the best rate?

Here at Exchange Rate IQ, we have sampled the best companies and highlighted their respective rates to help you make an informed decision concerning this.

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What is the fastest way to transfer money from US to Thailand?

Using online money transfer companies like XE Money and Ria, your transfers can be conveyed in just a matter of minutes to its destination. Service providers like Western Union and Travelex also offer amazingly fast transfer speeds.

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How much am I charged for sending money from US to Thailand?

The amount of fees you will incur will depend on the transfer option you choose. Some companies offer free transfers for certain limits hence it is essential to inquire about this.

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Historical Mid Market Exchange Rate From Saudi Arabia Riyal (SAR) to Thailand Baht (THB) (Weekly)

Current Exchange Rate(Mid Market) :- 8.46 THB/SAR

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion SAR To THB

Send Saudi Arabia Riyal To THAILAND Receive Thailand Baht
1 SAR TO THB 8.46
50 SAR TO THB 423
100 SAR TO THB 846
250 SAR TO THB 2115
500 SAR TO THB 4230
1000 SAR TO THB 8460
5000 SAR TO THB 42300
10000 SAR TO THB 84600
Send Thailand Baht Receive Saudi Arabia Riyal From THAILAND
1 THB FROM SAR --
50 THB FROM SAR --
100 THB FROM SAR --
250 THB FROM SAR --
500 THB FROM SAR --
1000 THB FROM SAR --
5000 THB FROM SAR --
10000 THB FROM SAR --

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