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

Comparing providers offering services between New Zealand and Thailand, based on your specific needs is the best way to send money with confidence.

Our comparison includes 10 companies that provide the ability to send New Zealand Dollar to Thailand.

This ensures you get the best options for transfers to Thailand from New Zealand, based on the amount you want to send.

The exchange rate determines the price you’ll pay for Baht when sending New Zealand Dollar to Thailand.

The rate between the New Zealand Dollar and Baht is currently 18.8826. Wise offers the best exchange from NZD-THB.

The NZD-THB exchange rate is always moving.

Sometimes, waiting a day or two can help you get more THB for the same amount of New Zealand Dollar. Using a forward contract that also allows you to lock in an agreed exchange rate between New Zealand and Thailand.

Sending money via a bank transfer is the recommended option for sending money from New Zealand to Thailand.

The company offering the best bank transfer price is TorFx.

This bank transfer to Thailand is 0.2% cheaper than the second-best option in the market.

New Zealand and Thailand have different regulations and you should ensure any provider you use to send or receive between the countries is regulated.

Our directory of financial regulators worldwide of key regulatory bodies highlights who can aid in keeping your money safe for money transfers between New Zealand and Thailand.

Some services between New Zealand and Thailand have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Thailand as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Thailand, use Wise. The combination of rates and fees when sending from New Zealand to Thailand is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving New Zealand, or entering Thailand. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive Baht in Thailand. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from New Zealand to Thailand will offer every method for incoming Baht, so it’s best to check ahead of time.

One of the more common ways to transfer from New Zealand into Baht is directly into a bank account. Wise is the best company for bank transfers between New Zealand and Thailand.

And if you need cash right away, check if cash pickup is an option for transfers between New Zealand and Thailand.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like TorFx.

When signing up to and sending New Zealand Dollar to Thailand, through a money transfer company, you will have to verify your ID.

The precise documents you need will vary and in some cases you will need more than one.

For the most part however, in New Zealand this will be a government issued ID such as a passport or driver's license. In Thailand it will be similar, although this should only be needed if you are opening a new account in Thailand, or collecting in cash. Sending to an existing bank account in Thailand shouldn’t require any additional ID checks.

Large transactions between New Zealand and Thailand, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

One of the reasons Wise has scored so highly for transfers to Thailand is their easy sign up process in New Zealand.

When sending large amounts of money between New Zealand and Thailand there will potentially be a tax declaration to consider.

Some transfers into Baht may need to be reported to tax authorities in Thailand, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Thailand based on age, income and a few other elements. When in doubt, please contact a tax professional in New Zealand or Thailand to discuss your personal circumstances.