Currency Converter
USD – US Dollar
EUR – Euro
GBP – British Pound
JPY – Japanese Yen
THB – Thai Baht
SGD – Singapore Dollar
AUD – Australian Dollar
THB – Thai Baht
USD – US Dollar
EUR – Euro
GBP – British Pound
JPY – Japanese Yen
SGD – Singapore Dollar
Check current SCB board rates for accuracy.
Initial Amount:
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Applied Rate:
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Estimated Fee/Spread cost:
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Net Received:
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SCB Exchange Rate Calculator
Whether you are traveling abroad, remitting money home, or conducting international business, understanding the exchange rate offered by banks like SCB (Siam Commercial Bank) or Standard Chartered is crucial for financial planning. This SCB Exchange Rate Calculator helps you estimate the final amount you will receive after converting currencies, accounting for specific exchange rates and potential bank spreads.
How to Use This Calculator
Bank exchange rates fluctuate continuously throughout the day based on global forex markets. To get the most accurate result:
- Select Currencies: Choose the currency you hold (Source) and the currency you need (Target).
- Enter Amount: Input the total amount of money you wish to convert.
- Input Exchange Rate: Enter the current "Buying" or "Selling" rate listed on the SCB exchange board or app.
- Bank Fee/Spread: If you know the bank charges a percentage fee or if you want to account for the spread (the difference between the mid-market rate and the bank rate), enter that percentage here.
Understanding SCB Exchange Rates
When dealing with foreign exchange (Forex) at a bank, you will typically encounter two types of rates:
1. Buying Rate (Bank Buys)
This is the rate the bank pays you when you want to convert foreign currency into the local currency (e.g., selling USD to get THB). This rate is usually lower than the mid-market rate.
2. Selling Rate (Bank Sells)
This is the rate the bank charges you when you want to buy foreign currency using local currency (e.g., using THB to buy USD for travel). This rate is usually higher.
Example Calculation
Let's say you want to transfer 1,000 USD to a Thai bank account (THB).
| Metric | Value |
|---|---|
| Transfer Amount | 1,000 USD |
| Exchange Rate (USD to THB) | 35.50 |
| Bank Spread/Fee | 0% (Direct Rate Used) |
| Calculation | 1,000 x 35.50 |
| Total Received | 35,500 THB |
However, if there is a 1% processing fee, the calculation becomes: 35,500 – 355 (1%) = 35,145 THB.
Tips for Better Rates
- Check TT Rates vs. Bank Note Rates: Telegraphic Transfer (TT) rates usually offer better value than exchanging physical cash (Bank Notes) at a booth.
- Monitor Fluctuations: Rates change every few seconds. If transferring large sums, waiting for a favorable dip or spike can save significant money.
- Be Aware of Hidden Fees: Always ask if the rate displayed is "net" or if there are additional commission fees deducted from the final amount.