Do you intend to send money to Thailand from the UK in the foreseeable future? This could be because you're a British citizen and you've retired, so you plan to emigrate to Thailand, to enjoy bustling Bangkok or chilled-out Phuket. This might also be because you plan to buy a condominium in Thailand, to enjoy your holidays.
Alternatively, you may plan to transfer money to Thailand, because you're a UK business owner, making international payments to a Thai bank account. This could be because you're importing Thai products to the UK, like silks or spices, and you need to pay your Thai suppliers. In this case, you'll need Thai currency for your business.
Whatever your reason to send money to Thailand from the UK, there are some factors you'll want to keep in mind, ahead of exchanging pound to baht. For example:
In the following article, I'll answer these questions for you. In the meantime, if you have any other queries about transferring money to Thailand, please Contact Us.
One of Pure FX's friendly, professional Account Managers will quickly get back to you, and will be delighted to help you with your Thai baht requirements.
1. How Can You Keep Track of The Pound to Baht Interbank Exchange Rate?
To stay up-to-date with the pound to Thai baht interbank exchange rate, go to Pure FX's Rates & Tools page. There, on the Latest Market Rates Widget, select 'GBP' (Great British Pound) to 'THB' (Thai baht) from the currency filters. These are the three-letter international codes for the currencies you're selling and buying.
The Latest Market Rates Widget will update to show you the pound to baht interbank exchange rate for today and the last seven days. This way, you can easily see both the current GBP to THB interbank exchange rate, and if British sterling is strengthening versus the baht or not. In turn, this can help you to decide when to transfer money to Thailand in the near future.
However, it's important to note that the exchange rates on Pure FX's Rates & Tools page are the interbank rates. These are the exchange rates that multinational financial institutions use to exchange vast sums between each other on a daily basis. These exchange rates can't be accessed by individuals or normal businesses and aren't representative of Pure FX's exchange rates.
That said, we can still use the interbank exchange rates for illustrative purposes, to see if the pound sterling is rising versus the Thai baht, and decide if it's an acceptable time to transfer money.
To get a Pure FX exchange rate quote for pounds to baht, go to the 'Get A Free Quote' form at the top-right of this page. Select 'GBP' to 'THB' from the currency filters, enter your details, and click the 'Get A Quote' button at the end of the form.
A Pure FX Account Manager will quickly contact you to offer you a competitive exchange rate for Thai baht.
2. How Can You See What's Affecting The Pound Versus The Baht Interbank Rate Recently?
To check what's affecting the pound to baht interbank exchange rate recently, visit Pure FX's GBP to THB Exchange Rate Updates page. Click on the latest article, and you'll see both the pound sterling's most recent high versus the baht, and what's been influencing the interbank exchange rate.
Typically, the factors that affect the value of the pound versus the baht include the UK's and Thailand's economic and political stability and prosperity.
For example, when the UK economy grows faster than forecast, this might strengthen the pound. Alternatively, when Thailand establishes a majority government, this could give a boost to the baht.
Once you know what factors are influencing the pound to baht interbank exchange rate recently, you can decide if it's an appropriate time to send money to Thailand from the UK for you.
In addition, another convenient way to find out what's affecting the value of sterling versus the baht on the interbank market is to contact a helpful Pure FX Account Manager.
He or she can tell you what's influenced the pound to baht interbank exchange rate recently, and what might do so in the foreseeable future. He or she can also keep track of the interbank exchange rate for you, and get in touch when the pound reaches your desired level.
To ask a Pure FX Account Manager what factors are influencing the value of the pound versus the baht on the interbank market recently, visit our Contact Us page and fill in the form.
3. What Are The Advantages of Sending Money to Thailand with Pure FX?
Please find below some of the benefits of exchanging pounds to baht with Pure FX for you:
A. You'll Receive A Competitive Exchange Rate.
Pure FX is a specialist currency broker, founded in 2006 in Old Beaconsfield, Bucks. Since then, we've transferred money for thousands of clients.
So when you transfer money to Thailand with Pure FX, you'll get a competitive exchange rate guaranteed. This can help you to lift your baht total in your Thai bank account, compared to your high street bank.
B. You'll Enjoy Award-Winning Service.
Pure FX has won the independent review platform Feefo's 'Gold Trusted Service' award for the last three consecutive years, in 2016, 2017 and 2018.
In addition, we've received over 800 outstanding reviews from our existing clients, on Feefo's website. So you can feel sure that you'll receive award-winning service service.
C. We're An FCA Authorised E-Money Institution.
When you send money to Thailand, you'll want to feel sure that your money is handled responsibly. So you'll be pleased to hear that Pure FX is authorised by the FCA (Financial Conduct Authority), as a trading name of Foreign Currency Direct, as an Electronic Money Institution (Firm Reference Number 902022).
This means that Pure FX adheres to all the UK's legal and regulatory requirements to transfer money, such as maintaining your funds in segregated client accounts. You can check Pure FX's listing on the FCA's registry here.
I hope that you’ve found this article useful. As I mention, if you have any other queries about how to transfer money to Thailand from the UK, feel free to Contact Us. We’ll be delighted to help.
Also, for further information, please read Pure FX’s extensive guide to Transfer Money to Thailand from the UK.