THB to PHP today: Thai baht to Philippine peso
1 Thai baht = ₱1.8821, and ₱1,000 buys 531.33 THB. Thailand sent US$72 million in cash remittances to the Philippines in 2025 (BSP, preliminary), number 23 of the 50 corridors on this site. Against 16 Oct 2025, when it was ₱1.7855, 1,000 THB brings ₱96.58 more (1,000 × ₱0.0966). Next: ask the sending firm how many pesos will arrive and test it in the quote checker; collect at a BSP-registered office near you (offices by province).
Rate: BSP Reference Exchange Rate Bulletin, 16 Oct 2026. Working: US$0.0299 per THB × ₱63.0490 per US$ = ₱1.8821.
1 THB = ₱1.8821 · ₱1 = 0.5313 THB · official rate (BSP bulletin), 16 Oct 2026
The converter applies the 16 Oct 2026 rate with no fee or spread. Cross-check: the ECB euro reference rates of 16 Oct 2026 give ₱1.8844 per THB (₱70.8580 per euro ÷ 37.6020 THB per euro), 0.12% above the BSP figure. The ECB fixes around 14:10 CET, while BSP uses New York closes of 15 Oct 2026, so the two are taken at different times. Changing pesos into baht instead? PHP to THB has bank selling rates.
Check a quote against the official rate
Type the THB amount and the pesos your app or counter promises; the checker shows what the rate and fee cost you in pesos. If the gap is wide, try another firm before you send.
- What this transfer costs you against the official rate
- ₱14.12 (1.50%)
- At the official rate
- ₱941.04
- Provider's effective rate
- ₱1.8538
Rate used: 1 THB = ₱1.8821, 16 Oct 2026. Cost = value at that rate minus the pesos that arrive, plus the fee converted at the same rate.
Converting THB at a Philippine bank
| Bank, as of | Buys THB notes |
|---|---|
| Metrobank16 Oct 2026, 9:33 AM | ₱1.7712 |
Pesos per 1 THB, as each bank posts them; official rate ₱1.8821.
THB to PHP over 30, 90 and 365 days
| Period to 16 Oct 2026 | High | Low | Average | Change |
|---|---|---|---|---|
| 30 days 23 rates | ₱1.893223 Sep 2026 | ₱1.86086 Oct 2026 | ₱1.8742 | -0.46%from ₱1.8908 |
| 90 days 64 rates | ₱1.90928 Sep 2026 | ₱1.826224 Jul 2026 | ₱1.8657 | +2.48%from ₱1.8366 |
| 365 days 245 rates | ₱1.916521 Jan 2026 | ₱1.773222 Oct 2025 | ₱1.8603 | +5.41%from ₱1.7855 |
Pesos per 1 THB. Change = (today − start of period) ÷ start of period. One value per BSP banking day from the BSP daily peso cross-rate series and bulletins.
THB and PHP amounts, both ways
THB to PHP
| 1 THB | ₱1.8821 |
|---|---|
| 5 THB | ₱9.41 |
| 10 THB | ₱18.82 |
| 29 THB | ₱54.58 |
| 50 THB | ₱94.10 |
| 85 THB | ₱159.98 |
| 89 THB | ₱167.50 |
| 100 THB | ₱188.21 |
| 110 THB | ₱207.03 |
| 180 THB | ₱338.77 |
| 299 THB | ₱562.74 |
| 380 THB | ₱715.19 |
| 390 THB | ₱734.01 |
| 490 THB | ₱922.22 |
| 500 THB | ₱941.04 |
| 540 THB | ₱1,016.32 |
| 690 THB | ₱1,298.63 |
| 800 THB | ₱1,505.66 |
| 1,000 THB | ₱1,882.08 |
| 1,590 THB | ₱2,992.50 |
| 1,690 THB | ₱3,180.71 |
| 2,800 THB | ₱5,269.81 |
| 5,000 THB | ₱9,410.38 |
| 6,200 THB | ₱11,668.87 |
| 12,000 THB | ₱22,584.91 |
| 15,000 THB | ₱28,231.14 |
| 19,500 THB | ₱36,700.48 |
| 450,000 THB | ₱846,934.07 |
Each row: amount × ₱1.8821, the 16 Oct 2026 rate, before fees.
PHP to THB
| ₱100 | 53.13 THB |
|---|---|
| ₱500 | 265.66 THB |
| ₱1,000 | 531.33 THB |
| ₱5,000 | 2,656.64 THB |
| ₱10,000 | 5,313.28 THB |
| ₱50,000 | 26,566.41 THB |
Each row: pesos ÷ ₱1.8821, before fees. Sending one of these amounts? Test the pesos promised in the quote checker.
Receiving THB transfers in the Philippines
Cash remittances from Thailand reached US$72 million in 2025 (BSP, preliminary).
Baht sent to the Philippines are normally converted by the sending firm and paid out in pesos: into a bank account, an e-wallet such as GCash or Maya, or as cash at a remittance agent. Ask for the peso amount before you send, because that figure already includes the firm's rate.
If you hold THB cash, Metrobank buys notes at ₱1.7712 (16 Oct 2026, 9:33 AM). Find a registered office near you on the remittance centres by province page, compare e-wallet cash-in and cash-out fees, and check the InstaPay and PESONet fee before moving the pesos to your bank.
How Philippine tax treats THB you receive
- Money family abroad sends you is not part of your gross income: gifts are excluded under NIRC Sec. 32(B)(3), and an OFW's pay earned abroad is not taxed here under Sec. 23(C). Money paid to you for work is income in any currency. More: are remittances taxable?
- OFW remittances are exempt from documentary stamp tax when the recipient shows the OFW's OEC or OWWA certificate (RA 8042 Sec. 35 as amended by RA 10022). More: documentary stamp tax.
- Kept in a foreign currency deposit, the interest of a resident is taxed at a 20% final tax since 1 July 2025 (RA 12214, CMEPA). More: final tax.
- A business converts THB amounts at the BSP rate on the transaction day, is taxed on forex gains only when realized, and loses other rates in an audit unless it filed the sworn statement (BIR RMC 12-2024). More: income tax.
THB to PHP questions
How much is 2,000 THB in Philippine pesos?
2,000 × ₱1.8821 = ₱3,764.15 at the 16 Oct 2026 rate, and 10,000 THB is ₱18,820.76. What arrives is lower by the provider's fee and rate margin.
What is the highest THB to PHP rate?
In the three years to 16 Oct 2026 the highest daily value was ₱1.9165 on 21 Jan 2026 and the lowest ₱1.5350 on 2 Apr 2024. By monthly average, the highest since January 1978 was ₱1.8925 in January 2026. Source: BSP daily peso cross rates.
Will the Thai baht go up against the peso?
Nobody can know that in advance. It moves with interest-rate decisions of the BSP and the central bank of Thailand, trade and remittance flows, and global risk appetite. Over the last year it ranged from ₱1.7732 (22 Oct 2025) to ₱1.9165 (21 Jan 2026).
Why does my bank or app give less than ₱1.8821?
This is a reference rate with no spread. Banks buy below it: Metrobank posted ₱1.7712 per THB (16 Oct 2026, 9:33 AM). Remittance firms add a fee and a rate margin; compare the pesos that arrive. Source: Metrobank rates page.
Which rate applies on a weekend or holiday?
The Friday 16 Oct 2026 bulletin, generated by the BSP at 08:38 AM, stays the reference until the next one, Monday 19 Oct 2026 at the earliest (later if that is a holiday). Banks and apps keep setting their own rates in between. Source: BSP exchange rate page.
Does the sender owe tax on a large gift from Thailand?
Possibly. Donor's tax is 6% of a donor's total gifts above ₱250,000 in a calendar year (NIRC Sec. 99 as amended by RA 10963), and the sender owes it, not the recipient. At the 16 Oct 2026 rate, ₱250,000 is 132,832.06 THB. Source: RA 10963 (TRAIN), Sec. 99.