How to send money to Thailand from New Zealand with the best NZD-THB rate

Comparing the different providers offering services between New Zealand and Thailand, is the best way to send money with confidence.

Here are your top options for sending money from New Zealand to Thailand

• Wise is our top choice for NZD to THB transfers. For example, sending 10,000 NZD to THB will cost you $58.73 in fees, and you will receive 187,671.3 THB. The delivery time usually is same day, but it depends on the day you make the transfer.

• Cheapest company to send money to Thailand from New Zealand is TorFx. They offer a fee of 0 NZD and exchange rate between NZD-THB that is 0.3% different to the mid-market rate. Sending money from New Zealand to Thailand through Revolut will cost you 55 NZD in fees.

• Fastest money transfers from New Zealand to Thailand is with Revolut.

The 10 providers we've compared ensures you will get the best options for your transfer to Thailand from New Zealand. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.

Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring New Zealand Dollar to Thailand.

The exchange rate determines how much Baht you will get for every New Zealand Dollar you want to send. A better exchange rate is the best way to save money on transfers from New Zealand to Thailand.

The current rate between the New Zealand Dollar and Baht is 18.8546.

With currencies, the exchange fluctuates constantly, and the NZD-THB exchange rate is no different. Tracking the rate and understanding the averages can help get a better deal. Even waiting a day or two can help you get more THB for the same amount of New Zealand Dollar. Also, a forward contract allows you to lock in an agreed exchange rate between New Zealand and Thailand.

The total cost of money transfers from New Zealand to Thailand is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.

• The Mid-Market and Exchange Rates: The mid-market rate for NZD-THB is currently 18.8546 THB per New Zealand Dollar. Providers offering services closer to this rate will ensure more Baht for your New Zealand Dollars.

• Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is TorFx, just 0 NZD per transfer. In all cases, we recommend searching for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount eventually received in Baht. Simply, the higher the amount received in New Zealand, the lower the cost of sending from Thailand.

The most cost effective way to send money from New Zealand to Thailand is via a bank transfer.

Here are all the ways to send money from New Zealand to Thailand:

Bank transfers

Bank transfers are often the fastest option, and normally the cheapest, for sending money from New Zealand to Thailand.

By opting for a money transfer company such as TorFx for transfers from New Zealand to Thailand, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Using a debit card, or prepaid option, for sending money from New Zealand to Thailand is easy with Xe.


Xe is a market leader in debit card payments for transfers from New Zealand to Thailand, this is among a total of 10 money transfer companies compared.

Credit cards

When it comes to credit card transfers from New Zealand to Thailand, we recommend running a quick comparison to get the best deal as not many companies offer direct credit card deposits.

Regulations are important for keeping your money safe, New Zealand and Thailand have different regulations to consider.

Our directory of worldwide financial regulators contains details on regulation for money transfers between New Zealand and Thailand.

Some companies offering money transfers between New Zealand and Thailand will come with minimum or maximum thresholds on how much you can send or receive and this could cause rates or fees to change.

Comparing NZD-THB rates for your specific transfer amount will factor in these rates and fees changes, so you’ll get the best provider for your specific needs. For regular transfers from New Zealand to Thailand, it’s best to check any changes in fees and rates every time you send.

For large transfers of money transfers from New Zealand to Thailand we’d recommend Wise. They offer a competitive combination of rates and fees when sending from New Zealand to Thailand, even at larger amounts.

Also, be sure to check with the recipient and understand any declarations needed on large amounts of money entering Thailand from New Zealand.

Receiving Baht in Thailand has a few different options. The most popular ways to receive are through a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all companies offering money transfers from New Zealand to Thailand will cater for every method for incoming Baht, so it’s best to check ahead of time.

One of the more popular ways is sending money from New Zealand directly to a bank account in Thailand. This is because it means the recipient in Thailand has to do very little. Wise is the best company for bank transfers between New Zealand and Thailand.

Whilst cash pickup is popular, it is not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Xoom, and CashApp operate in Thailand and are popular because of convenience, but they come with more limitations and higher costs compared to money transfer providers like TorFx.

When using a money transfer provider to send New Zealand Dollars to Thailand, you will need to verify your ID at the sign up stage.

Documents needed will vary and in some cases you might need a couple of options.

Generally speaking, those in New Zealand can verify through a government issued ID such as a driver’s license or passport. If the recipient needs an ID to collect money or open a multi-currency account in Thailand, both can also be used there as well.

Large transactions between New Zealand and Thailand will be subject to additional security measures such as proving where the funds originated, these will be for anti-money laundering purposes.

Wise has scored highly for transfers to Thailand because of the easy sign up process in New Zealand.

There will be tax declarations to consider when sending larger amounts of money between New Zealand and Thailand.

Transfers into Baht may need to be reported to tax authorities in Thailand as well, where regular income, large amounts (such as property or inheritance) and business payments will all be subject to tax checks.

Based on the recipient, tax limits in Thailand, as well as personal allowances will change. When in doubt, we’d recommend contacting a tax professional in New Zealand or Thailand to discuss your personal circumstances. This ensure you are not missing any specific tax declarations associated with your circumstances.