What Is the THB to INR Rate Today?

Skydo gives the highest INR on THB 170,000 today among the platforms with full published pricing for THB. The table ranks those platforms by INR received, then lists other platforms that accept THB, which are never ranked. Fees were checked on 30 Sept 2026.

Clients in Thailand can pay Indian exporters in THB, USD or another currency by SWIFT transfer, because RBI rules allow receipts from non-ACU countries in rupees or any foreign currency. The Bank of Thailand restricts some baht dealings with non-residents, which can affect how a THB payment is routed. Ask your AD bank whether it credits THB.

Over the last year the THB to INR reference rate ranged from ₹2.726 to ₹2.964. The chart uses European Central Bank reference rates, one point per ECB working day.

Each row applies the platform's published fee, FX markup and 18% GST on the fee to the mid-market rate of ₹2.813 for 4 Nov 2026.

THB/INR is a thin currency pair, and Thai rules limit some offshore baht dealings. An Indian AD bank may price THB to INR as a cross rate through USD, so two spreads can apply. Correspondent bank charges on the SWIFT route can also reduce the INR amount credited.

Say a bank converts THB 170,000 at a TT buying rate 1.5% below the mid-market rate of ₹2.813. It credits about ₹4,71,037 instead of ₹4,78,210, a difference of ₹7,173 before any fees. The 1.5% is an illustration, not a quote from any bank.

Search engines show the mid-market rate, the midpoint between buying and selling prices. A card rate is a bank's own rate for card transactions, and a TT buying rate is the rate a bank pays when it buys foreign currency received by wire. Both sit below the mid-market rate.

Thailand has used a managed float exchange rate regime since 2 July 1997. Market forces set the baht, and the Bank of Thailand does not peg it or target a level. The Bank may intervene when volatility becomes excessive. It also limits non-resident baht transactions without underlying trade or investment.

• Interest rates: The Bank of Thailand's Monetary Policy Committee sets the policy interest rate, which is the 1-day bilateral repurchase rate. The committee decides on it six times a year.
• Global currencies: The Bank of Thailand notes the baht generally moves in line with major currencies such as USD, EUR, GBP and JPY, reflecting external factors such as major central bank decisions.
• Tourism and trade: The Bank of Thailand cites tourism recovery and current account balances among the domestic factors behind confidence in the baht.
• BOT intervention: The Bank of Thailand may buy or sell foreign currency to moderate rapid appreciation or sharp depreciation of the baht.
• RBI action: RBI operations in the USD/INR market move the rupee side of the THB/INR cross rate.

Spot conversion, forwards, limit orders and EEFC holding are the four timing choices for THB to INR. Spot is the simplest choice for small or irregular invoices. RBI rules permit forwards, but THB quotes depend on your AD bank. EEFC balances must be converted by the end of the following month.

• Spot: The bank converts THB at its rate on the day the payment is credited. Compare the rate on your credit advice with the mid-market rate on this page.
• Forward: RBI's Risk Management Master Direction lets AD banks offer forwards involving INR to hedge contracted or anticipated exposures, and users may freely cancel and rebook them. Whether a THB forward is quoted depends on your AD bank.
• Limit order: Some AD banks accept an instruction to convert when THB/INR reaches a target rate. Ask whether your bank offers this for THB and how long the order stays valid.
• EEFC holding: Up to 100% of export earnings can be credited to an EEFC account, which pays no interest. Each month's credits must be converted to rupees by the last day of the next month, after approved uses. Ask whether your AD bank holds THB balances.

• Check margin: Compare your bank's THB/INR rate with the mid-market rate on this page on the day of credit to measure the margin.
• Invoice currency: If your client can pay in USD, compare that route with a THB payment, since THB may be converted through USD on the way to INR.
• Watch BOT dates: The Bank of Thailand's policy rate decisions come six times a year. The baht can move on those dates.
• Charge option: Agree with the payer whether SWIFT charges are shared (SHA) or paid by the sender (OUR), so intermediary fees do not cut the amount received.
• Ask for a quote: Ask your AD bank for its THB buying rate before the funds arrive, and whether a better rate applies above a set amount.

Compare platforms side by side on the compare page, or check every currency on the currency convertor.

• Feed: XE live mid-market rates, published live; this site refreshes it every 15 minutes. The page refreshes at most hourly.
• Markup: Markup is the gap between a platform's rate and the mid-market rate, taken from each platform's own published pricing. GST of 18% applies to fees where the platform says so.
• Stale data: If the feed fails, the page shows no rate and pauses the calculator rather than showing an old rate as current.
• Method: The full formula is on the methodology page.

Rates come from XE live mid-market rates, dated 4 Nov 2026. Platform pricing was checked on each platform's own pages on 30 Sept 2026 or later. Currency facts are linked to official sources below.

1. XE live mid-market rates (checked 4 Nov 2026)
2. Bank of Thailand - Foreign Exchange Market, 'Thailand has operated under a managed float exchange rate regime since July 2, 1997'; BOT 'does not target a specific exchange rate or peg the Thai baht'; may intervene on excessive volatility; baht moves in line with major currencies; domestic factors include tourism recovery and current account balances; BOT may buy or sell foreign currency. (checked 8 Oct 2026)
3. Bank of Thailand - Policy Interest Rate, 'The Bank of Thailand's policy interest rate is the 1-day bilateral repurchase rate.' (checked 8 Oct 2026)
4. Bank of Thailand - Measures to Prevent Thai Baht Speculation, BOT regulates foreign exchange transactions against Thai baht between onshore financial institutions and non-residents, limiting non-residents' baht transactions without underlying trade and investment. (checked 8 Oct 2026)
5. Bank of Thailand - Monetary Policy, 'The Monetary Policy Committee makes the decision on the policy rate 6 times per year.' (checked 8 Oct 2026)
6. FEMA (Manner of Receipt and Payment) Regulations, 2023, Regulation 3(I)(a)(iii): for trade with countries other than member countries of ACU, receipt and payment 'In Indian Rupees or in any foreign currency.' (checked 8 Oct 2026)
7. FEMA (Export and Import of Goods and Services) Regulations, 2026 (amended up to September 22, 2026), Regulation 5(1)(a): full export value to be realised and repatriated within nine months from the date of invoice in case of services. (checked 8 Oct 2026)
8. RBI Master Direction - Risk Management and Inter-Bank Dealings (updated as on October 01, 2026), Section I, paras 2.2(ii), 2.3(ii) and 2.4(ii): AD banks may offer foreign exchange forwards to retail users; deliverable derivatives involving INR may be offered for hedging; 'Authorised Dealers shall allow users to freely cancel and rebook derivative contracts.' Hedging covers an anticipated or a contracted exposure (para 1). (checked 8 Oct 2026)
9. RBI Master Direction - Deposits and Accounts (updated as on September 02, 2026), Para 3.1 EEFC Account: credits of 100 percent of foreign exchange earnings; non-interest bearing account; 'The sum total of the accruals in the account during a calendar month should be converted into Rupees on or before the last day of the succeeding calendar month after adjusting for utilization of the balances for approved purposes or forward commitments.' (checked 8 Oct 2026)