Send Money from Spain to Thailand
Compare EUR → THB exchange rates from top providers
AI Quick Verdict
As of March 26, 2026, the cheapest way to send money from Spain to Thailand is via Wise, costing $4.60 in fees with an exchange rate of 1 EUR = 37.82 THB. Sending $1,000 delivers THB 37,650.01 to your recipient in ~1 hour.
Compare EUR → THB Rates
Best rate — they receive (THB)
THB 37,650.01
via Wise
Sending EUR 1,000 to Thailand
Updated Mar 26, 06:19 AM
| Provider | Exchange Rate | Fee | Speed | You Send | They Receive | |
|---|---|---|---|---|---|---|
WiseBest rate | 1 EUR = 37.82 THB | $4.60 | ~1 hour | EUR 1,000 | THB 37,650.01 | Send → |
RevolutRunner-up | 1 EUR = 37.71 THB | $5.00 | ~1 day | EUR 1,000 | THB 37,521.98 | Send → |
Remitly | 1 EUR = 37.26 THB | $15.00 | ~3 hours | EUR 1,000 | THB 36,697.79 | Send → |
WorldRemit | 1 EUR = 37.07 THB | $13.99 | ~6 hours | EUR 1,000 | THB 36,548.95 | Send → |
* Rates are indicative. Final rate confirmed at provider's checkout. RateCurb may earn a commission if you click and sign up.
7-Day Exchange Rate History
Rate per 1 unit of source currency → THB
vs Traditional Banks
You save up to $75
on a EUR 1,000 transfer
Wise
BEST RATEBank of America
+5% markup + $35 wire fee
Wells Fargo
+4.5% markup + $25 wire fee
Sending money from Spain to Thailand is straightforward with digital providers like Wise and Remitly, which offer exchange rates 3-8% better than banks. Most transfers arrive within 2-5 business days, with costs ranging from free to €10 depending on speed and amount.
Our verdict: Use Wise for transfers over €1,000 and Remitly for amounts under €500 to minimize fees on the EUR to THB corridor.
Understanding the Spain to Thailand Money Transfer Corridor
The EUR to THB (Euro to Thai Baht) corridor serves a diverse population of senders, including Spanish expatriates working in Thailand, families supporting relatives in Southeast Asia, business owners managing international operations, and digital nomads based in Bangkok or Chiang Mai. This route has grown significantly in recent years as more Europeans relocate to Thailand for retirement, work, or investment purposes. Unlike major corridors like EUR to GBP, the Spain-Thailand route typically offers less competitive rates at traditional banks, making it essential to shop around for the best deals.
Avoiding Hidden Fees: Understanding Exchange Rate Markups
When sending money from Spain to Thailand, hidden fees come in two primary forms: exchange rate markups and flat transaction fees. Banks typically apply markups of 3-8% on top of the real mid-market rate, meaning you lose money before your transfer even begins. For example, if the true EUR to THB rate is 40.50, a bank might offer you 39.20, pocketing the difference. Flat fees (typically €15-30) are more transparent but add up quickly on smaller transfers.
To avoid these hidden costs, always request the exact exchange rate being applied before confirming your transfer. Compare this against the real-time mid-market rate on XE.com or OANDA. Look for providers that clearly display both their exchange rate and any flat fees upfront. Request a breakdown showing: the amount you're sending in EUR, the exact exchange rate applied, the fee charged, and the final amount in THB that will arrive in Thailand.
Digital Providers Outperform Banks by 3-8%
Digital money transfer providers consistently beat traditional banks on this corridor. Services like Wise, Remitly, Revolut, and WorldRemit typically apply markups of only 0.5-1.5%, compared to banks' 3-8%. On a €1,000 transfer to Thailand, you could receive up to €70-80 more using a digital provider instead of your bank.
- Wise: Uses the real mid-market rate with a small percentage markup (0.5-1%), best for mid-to-large transfers
- Remitly: Competitive rates with flat fees starting at €2.99, ideal for regular senders
- Revolut: Good rates if you're already a customer, though fees vary by membership tier
- WorldRemit: Reliable option with multiple delivery methods in Thailand, though rates fluctuate
Transfer Speed Options and When to Use Each
Most providers offer multiple speed options. Express or instant transfers typically arrive within 1-2 hours but cost €3-10 extra. Economy transfers take 2-5 business days and are free or cost only €1-2. If you're sending to cover an immediate bill or emergency, choose express. For regular family support or investment transfers, economy is the smarter choice financially. However, note that Thailand's banking system sometimes processes transfers slower than Western corridors, so even "instant" transfers may take several hours to reflect in Thai bank accounts.
Tax and Regulatory Considerations
Spain doesn't impose special taxes on outgoing personal remittances, but transfers over €10,000 must be declared to Spanish authorities under anti-money-laundering regulations. Thailand similarly has no specific taxes on incoming personal transfers, though very large sums may trigger reporting requirements by Thai banks. Keep documentation of the transfer purpose for your records. If you're sending business payments, consult a tax advisor, as different rules apply.
Practical Tips for Getting the Best Deal
- Transfer during European business hours (8am-4pm CET) to lock in rates before Asian market volatility
- Monitor EUR to THB trends for 3-5 days before sending; transfer when the rate favors you
- Many providers allow you to lock in a rate for 24-48 hours before completing the transfer
- For amounts under €500, flat-fee providers like Remitly may be cheaper; for €1,000+, Wise's percentage-based fees typically win
- Consider batching multiple smaller transfers into one larger transfer to reduce per-transaction fees
- Set up recurring transfers with digital providers to potentially unlock loyalty discounts
Frequently Asked Questions
What is the best EUR to THB exchange rate?
The true mid-market rate fluctuates constantly but typically ranges from 40.00-42.00 THB per EUR. Digital providers like Wise apply markups of only 0.5-1%, while banks add 3-8%, meaning you should always use a digital platform to get the best actual rate.
How long does it take to send money from Spain to Thailand?
Economy transfers typically take 2-5 business days, while express options arrive in 1-2 hours. Thai bank processing can add 1-2 additional hours even after the transfer is received in Thailand's banking system.
What are the fees for sending money from Spain to Thailand?
Digital providers charge €0-10 depending on speed: Remitly charges €2.99 for economy, Wise charges a 0.5-1% markup, and express options add €3-10. Banks typically charge €15-30 flat fees plus unfavorable exchange rates.
Is it safe to use online money transfer services?
Yes, regulated digital providers like Wise, Remitly, and WorldRemit are licensed and offer fraud protection and encryption. Always verify the provider is regulated in the EU and uses two-factor authentication for your account security.
How to send money from Spain to Thailand
- 1Choose your provider — Compare rates above and pick the one with the best EUR to THB rate.
- 2Create a free account — Most providers take under 5 minutes to verify your identity.
- 3Enter your recipient's details— You'll need their bank account number and routing information.
- 4Pay and track — Fund your transfer and track it in real time.