Have you just returned from your Thailand trip and have excess unused Thai Baht (TBH)? We help you convert TBH to INR at the best exchange rates. With Thomas Cook, sell forex online on-the-go.
We bet a smart traveler like you must have carried marginally more foreign exchange than estimated as you know that it’s more affordable to reconvert TBH to INR after your trip than to find a reliable forex vendor in Thailand. This must have helped you splurge without worrying about running out of foreign exchange in middle of your tour.
Now that you are back from your
Thailand trip , converting leftover TBH to INR can be challenging. Do you have any unused Thailand Baht to convert? If yes, you have arrived at the right destination.
Want to know the current TBH to INR rate?
Visit the Thomas Cook website and use our online money converter assistant to find the best TBH to INR forex rate. It is designed to eliminate the complex math that is involved in the Baht to INR conversion. Whether you have foreign currency, traveler’s cheque, or forex cards, we facilitate the conversion of all modes of
foreign exchange . Find out how you can sell forex online.
Importance of the THB
The official currency of the Kingdom of Thailand is the Thai Baht which is abbreviated as THB. The currency of Thailand has undergone several phases of backdrop and advancement and finally is comparatively more stable than before. It is also one of the most traded currencies in the global market. The tourism sector has also grown rapidly in the country leading to a hike in the country's income. It is the export market that accounts for most of the country's economy, more than 2/3rd of the GDP. Currently, the Thai Baht is not pegged to any currency and is a free-floating currency.
Introduction of the THB
Thai Baht was introduced by the popular King Rama V who is also known by the name Chulalongkorn. He reigned from 1868 to 1910 and it was his tenure when King Rama V introduced decimalisation of Thailand's currency. At that time, other countries called THB Thai Tical. In 1942, the Bank of Thailand was established in Bangkok by Prince Wiwat. Currently, the Bank of Thailand manages and administers the currency. The symbol of the THB is ฿ and 1 Baht is equal to 100 Satangs.
During the Asian financial crisis of 1997, the Thai Baht was unpegged which was earlier pegged to the US Dollar. It led to a severe financial crisis among businessmen and the country in general. However, Thailand gradually recovered and is now in a much better global economic position. Currently, the country has banknotes in the denominations of ฿20, 50, 100, 500, and 1000 Baht. Coins are in the denominations of ฿25, 50 Satangs and ฿1, 2, 5, and 10 Baht.
Factors that affect the exchange of the THB to INR
The exchange rate of THB keeps on fluctuating against other currencies since it is a free-floating currency. The exchange rate, primarily, is the rate at which one currency is exchanged for another. As of today, THB to INR exchange rate is 1 Baht=INR 2.39. There are various factors responsible for it, like export products. Top export products from the country are electrical products, plastic, gems, rubber, vehicles, etc. So, the international price of the export commodities heavily impacts the exchange rate of the THB to INR and other currencies as well. Apart from this, the inflation rate and global oil prices also affect the exchange rate.
Convert THB to INR Online as per Today’s Conversion Rate
Currency conversion takes place when you make international transactions or movements. For instance, in the case of THB-INR, you need to exchange the currencies if travelling to either of the countries or transferring money. As of today, the exchange rate of THB-INR is INR 2.39/THB. So, with 1 THB, you will receive INR 2.39 Indian Rupee. Let's understand this with an example:
Rubina lives in Bangkok with her family. Her family is planning a trip to India. For this purpose, she needs to exchange 1 lakh THB. So, as of today, she will receive INR 239,000.
Convert THB to INR
Everyone wants to calculate their final converted amount prior to the actual conversion of the currency. A currency converter is a tool made especially for this purpose. With the help of this online tool, you just need to enter the inputs and the calculator will instantly show you the calculated amount. It automatically calculates depending on the currency exchange rate. So, for THB-INR, the calculations will be:
1 THB = INR 2.39
100 THB = INR 239
1,009 THB = INR 2,390, and
INR 1 = 0.42 THB
INR 1,000 = 420 THB
INR 10,000 = 4,200 THB.
How are THB-INR Rates Determined?
The rates of THB-INR depend on various factors. As discussed above, the commodity prices in the global market and the international oil prices are some of the most essential factors. Taking into account these elements, it is the monetary head of both countries that finally determines the exchange rate and adjusts the rates as per the changes. The monetary authority of Thailand is the Bank of Thailand and for India, it is The Reserve Bank of India. Both these institutions are responsible not only for the task of maintaining the national currency but also looking after the rates in the global markets.
THB and INR Overview
Thailand is one of the most popular Asian countries and so is India. THB or Thai Baht and the Indian National Rupee are two important currencies of the continent. Thailand and India share a positive bond and also diplomatic relations for the past 75 years. As of today, the exchange rate of Thai Baht to the Indian National Rupee is INR 2.39 per Thai Baht. It keeps on fluctuating as per the changes in the global market. Recently, INR has also undergone several modifications like demonization of currencies to upgrade its value. If you are planning for currency conversion, you may try the currency converter for quick calculations.
Why Thomas Cook?
Thomas Cook has a solution for all your travel woes. From finding the best deals on hotel bookings and flight tickets, to reconverting Thai Baht to INR, we have got you covered.
In this digital world, are you still planning to find a local forex dealer to convert TBH to INR? Physically going to the forex vendor and negotiating for the best TBH to Rupee exchange rate is time-consuming and could leave you exhausted. You can now
sell forex at the most competitive exchange prices from the comfort of your home. Thomas Cook understands the importance of your money and thus helps you convert Thailand Currency to INR at the most competitive rates. Log on to our website, enter the required details and convert
Baht to INR with just a few clicks.
Our constant efforts at enriching your travel experience with our bespoke solutions, have helped us reach a reputable position in the international travel and forex market. Leisure and business travelers from across the world trust us for all the forex requirements. Our transparent processes and seamless experience have helped us gain the trust of millions around the globe.
Still have concerns regarding selling foreign exchange? Our forex experts are available to help you sell forex and get the best TBH to Rupee rate.
