Best Way to Send Money to China from Thailand (THB to CNY)

📈 THB to CNY Exchange Rate: The biggest factor when you send Thai Baht to Chinese Yuan

The exchange rate on your Thailand to China money transfer is the single biggest factor determining your overall THB cost — and how many Chinese Yuan your recipient actually receives.

To analyze exchange rates, we use the exchange rate markup (also called FX margin) — the difference between the mid-market exchange rate^ⓘThe mid-market exchange rate (also called the interbank rate) is the real THB to CNY exchange rate before providers add their margin or fees. and the rate your provider actually offers you.

Here is what 5 years of historical data shows for FX markup on Thai Baht to China transfers:

• Average markup: 2.16%
• Median markup: 2.08%
• Lowest markup: 0.34%
• Highest markup: 4.52%

That is a spread of 4.18 percentage points between the lowest and highest observed FX markups.

To put this into perspective — on a THB 7100 transfer, that spread is CNY 296.78 in differences purely from the exchange rate. On a THB 17800 transfer, that gap grows to CNY 744.04.

🛠️ How to use this insight: When comparing providers for Thailand to China remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.

The THB to CNY exchange rate is the single most critical factor in the cost of your transfer. When comparing providers, always check the rate first — it matters more than you might expect.

🏦 Are banks more expensive than money transfer services for Thailand to China money transfers?

When we compared Thailand banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.

We observed that traditional banks charged 13.37 percentage points more on average than money transfer providers for Thailand to China remittances.

This means banks are roughly 3.48x more expensive for sending THB to China.

Here are the key stats behind this comparison:

🛠️ How to use this insight: Whilst banks in Thailand may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want use your bank in Thailand, we recommend comparing with money transfer companies to find your best options.

📊 Does sending more money reduce the cost to remit money from Thailand to China?

To see if transfer cost varies based on the amount sent, we compared the average cost of sending THB 7100 vs THB 17800 from Thailand to China.

We found that sending a higher amount (THB 17800) is typically cheaper — average cost drops from 12.45% to 6.51%, a reduction of 5.93 percentage points.

The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.

🛠️ How to use this insight: Since it is generally cheaper to send higher Thai Baht amounts to China, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.

🏛 How competitive is the market for sending money to China from Thailand?

Based on data from the last 5 years, Thai Baht to Chinese Yuan money transfers are provided on an average by 12 remittance companies. With this number of providers, we consider the level of market competition to be competitive.

A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Thailand to China remittances.

This is why comparing providers is especially important when you transfer money from Thailand to China.

⏱️ How fast can you transfer Thai Baht to Chinese Yuan?

If your recipient in China needs funds urgently, transfer speed becomes just as important as cost when sending money.

Here is what we see for Thailand to China transfers:

• Average transfer time: About 38 hours (~1.6 days).
• Fastest transfer time: About less than 1 hour.
• Slowest transfer time: About 96 hours (~4.0 days).
• Average speed at THB 7100: About 38 hours (~1.6 days).
• Average speed at THB 17800: About 38 hours (~1.6 days).

In many cases, the fastest providers are not always the cheapest, so balancing speed and cost is important when you transfer THB to China.

🛠️ How to use this insight: If you need to send money from Thailand to China in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for China.

Transfer speed for Thailand to China money transfers can vary widely across providers. For time-sensitive transfers, compare speed alongside cost and choose faster payment and delivery methods.

Frequently Asked Questions: Sending money to China from Thailand

These FAQs use data from RemitFinder's historical analysis of Thailand to China money transfers over several years.

• What factors affect the total cost of sending money from Thailand to China?

  The total cost of your Thai Baht to Chinese Yuan money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.

  To avoid overpaying for your transfer, compare money transfer providers.

• How much does the exchange rate affect transferring money to China from Thailand?

  Historical Thai Baht to Chinese Yuan exchange rate markup ranges from 0.34% to 4.52%, a spread of 4.18 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.

• Exchange Rate vs Transfer Fee: What matters more when you send money to China from Thailand?

  Exchange rate markup ranges from 0.34% to 4.52% (a spread of 4.18 percentage points).

  Transfer fees range from THB 16.05 to THB 1650.00, which equals roughly 23.01% on a THB 7100.00 transfer.

  At both THB 7100.00 and THB 17800.00, the transfer fee shows larger variation than the other component.

  Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Thailand to China money transfers.

  As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger THB amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.

  For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most CNY for your THB.

• How much can costs vary between providers when sending money from Thailand to China?

  Historical transfer cost ranges from 2.01% to 25.86% for THB transfers to China. That is a spread of 23.85 percentage points, indicating significant differences between various money transfer providers.

  A major contributor to this variation is exchange rate markup. FX markup alone ranges from 0.34% to 4.52% (a spread of 4.18 percentage points). Thus, even small differences in FX margin can have a big impact on the final CNY payout.

• Why do Money Transfer Providers charge different rates for Thai Baht to Chinese Yuan money transfers?

  If you send the same Thai Baht amount to China via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.

  Even small differences among all the above factors can change the final CNY payout in China in a big way.

• How stable are the costs to remit money to China from Thailand?

  When we analyzed the historical total cost for THB to CNY transfers, we observed a range from 2.01% to 25.86% (23.85 percentage points difference), along with a variability (standard deviation) of 7.25%.

  A major driver of cost in this market is exchange rate markup. FX markup ranges from 0.34% to 4.52% (4.18 percentage points difference), with a standard deviation of 0.80%. Fees and payment/delivery method choices can contribute to further volatility.

  This is exactly why we recommend comparing money transfer providers to get the most of your Thai Baht to Chinese Yuan transfers.

• Which Payment Method is the cheapest to send money from Thailand to China?

  Credit Card is the cheapest payment method in Thailand based on its average cost at 4.33% (compared to Cash at 15.61%, a difference of 11.28 percentage points).

  Based on this, we recommend paying for your THB transfer with Credit Card, and avoiding Cash if possible.

• Is Debit Card cheaper than Credit Card when you transfer money to China from Thailand?

  Credit Card is cheaper on average when sending money to China from Thailand since it costs 4.35% (compared to 4.33% for Credit Card payments, a difference of 0.02 percentage points).

  As a result, we recommend that you avoid paying for your transfer to China with a Credit Card.

• Which Delivery Method is cheapest when you remit money to China from Thailand?

  Cash Pickup is the cheapest delivery method in China as it costs 6.11% (compared to Bank Deposit at 15.24%, a spread of 9.13 percentage points).

  If your recipient in China can accept Cash Pickup, we recommend choosing it as your preferred delivery option for Thai Baht to Chinese Yuan transfers.

• Is Bank Deposit cheaper than Cash Pickup when you send money to China from Thailand?

  Cash Pickup is cheaper for Thai Baht transfers to China given its 15.24% average cost (versus 6.11% for Cash Pickup, a difference of 9.13 percentage points).

  To save more, consider choosing the cheapest delivery option for China.

• What is the cheapest way to send money from Thailand to China?

  We evaluated 10 payment and delivery method combinations for Thailand to China remittances.

  Based on historical data, Credit Card → Bank Deposit is the cheapest combination with 3.81% cost.

  At the other end of the spectrum, Cash → Bank Deposit is the most expensive combination at 19.00% cost. That is a difference of 15.19 percentage points between the cheapest and most expensive combinations.

  Money transfer providers price payment and delivery methods for Thailand to China remittances differently. As you compare options, look for the cheapest combination to maximize the value of your THB to CNY transfers.

• Does sending more money reduce the cost to transfer money to China from Thailand?

  Larger Thai Baht to Chinese Yuan transfers are cheaper on average.

  The cost of a THB 7100 transfer averages 12.45% as compared to 6.51% for a THB 17800 transfer, a difference of 5.93 percentage points.

• How long does it take to send THB to CNY money transfers?

  Based on our analysis, the average transfer time for Thai Baht to Chinese Yuan transfers is 38 hours (~1.6 days), with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).

• Can you instantly transfer money from Thailand to China?

  Yes, historical data shows that some transfers to China from Thailand can complete in less than one hour.

  Note that the actual speed of your THB to CNY transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.

• Are banks more expensive than money transfer companies for Thailand to China remittances?

  Banks in Thailand are more expensive than money transfer providers.

  The average cost of banks is 18.76% compared to 5.38% for money transfer providers in Thailand, a difference of 13.37 percentage points.

• Why do banks charge more to remit money from Thailand to China?

  Bank transfers in Thailand cost 18.76% compared to 5.38% for money transfer companies.

  The difference is often due to the fact that banks in Thailand provide lower exchange rates and charge higher wire transfer fees.

• How competitive is the market for sending money from Thailand to China?

  Based on historical data, the competition level in Thailand to China is considered competitive with 12 active providers.

  Money transfer providers represent about 41.7% of identified providers in Thailand.

• Can you overpay if you do not compare providers before transferring money to China from Thailand?

  Historically, total THB to CNY transfer cost has varied by 23.85 percentage points. On a THB 7100 transfer, that can translate to THB 1693.35 in savings.

  Thai Baht to Chinese Yuan exchange rate markup also varies across providers. The average markup spread has been about 4.18 percentage points. On a THB 7100 transfer, that could be THB 296.78 saved from FX alone.

  Fees can also make a big difference in this market, with a difference of about THB 1633.95 across providers.

  That is why comparing providers can materially change how much of the THB you send your recipient receives in China.