The currency of Thailand is the Baht. (Code THB) . The Baht is the tenth most frequently used currency in the world and is one of the strongest currencies in Southeast Asia
If you need to transfer large sums of Money to Thailand From Ireland – the best way is to use a specialist currency exchange company. They will give you better rates than you will get from your bank.
If you need to transfer money from Ireland to a bank account in Thailand you can use CurrencyFair. They are Dublin based and fully regulated by the Central Bank of Ireland.
You can pay in your Euros to Currency Fair by a bank transfer (free) or with a debit card (for an extra 0.25%) . Then you simply convert the Euros to Thai Baht online and enter the recipient Thai bank details. However – you won’t be able to transfer money from Thailand to Ireland with Currency Fair.
You can quickly check the EUR-THB exchange rate at Currency Fair below.
Wise (formerly knowns as Transferwise) is a UK based online exchange company that allows you to get exchange rates close to the interbank rates. They have no minimum transfer amount and therefore are great for sending smaller payments to Thailand. Wise can accept debit cards as well as bank transfers.
They charge a percentage fee – which gets lower on bigger transfers. However , you won’t be able to fix an exchange rate for a future transfer.
In the EU, Wise is licensed and regulated by the National Bank of Belgium
TransferMate. is a Dublin based foreign exchange company that is regulated by the Central Bank of Ireland. You can set up an online account and arrange currency transfers via their website or phone them in Dublin 01 6353776. They will not deal with cash nor usually with amounts under €2000.
Transfermate will enable you to send money from Thailand to Ireland as well as from Ireland to Thailand.
Thai Baht Cash
If you are looking for Thai Baht in cash form to take with you on a holiday – you can usually get Baht currency at your local bank or credit union. There are a few other money exchange services where you can buy or reserve your currency in advance and either collect it from your chosen location or get it delivered to your door. ( Don’t get ripped off at the airport . ) For example, you can order Thai Baht in Ireland, from No.1 Currency – and they deliver it to your home address too (fully insured) .
Spending on Debit Cards
The major Irish banks will add on foreign transaction fees when you spend with a card in Thailand. These are typically around 3% .
If you want to avoid these currency charges you should get a card from N26 or Revolut or Wise