Should I wire money in baht or dollars to my Thai bank for a real estate purchase?

What is the best way to wire small amounts like $5000 from USA Bank account to Thailand bank account

Wire in USD convert in Thailand

Surely it depends upon whether he is remitting the funds directly to a lawyer (ie. the lawyer handling the transaction) or into his own Thai bank account before passing the money on to the lawyer (or to the seller) because if the money goes through your own bank account before you pay for the property there should be no rules concerning what currency was remitted from overseas.. all that matters is that you can afford to pay for it in Thai Baht when you need to.. the difficulty in remitting in dollars without conversion by the remitting bank is that you don't know exactly how much will be credited in local currency by the Thai bank upon receipt of your dollars.. it all becomes 'hit and miss' and tbh either method could be more beneficial depending upon the day of the week.. meaning one day you get more baht sending the dollars and the next you don't.. personally i like the certainty that conversion with my home bank gives me.. and it also removes an unknown layer of charges with the receiving bank in Thailand.. however if you don't have a Thai bank account and have to remit to a Thai lawyer directly.. then the lawyer should, advise on any laws concerning the transfer.. since like everything else here these laws can change over time.. so best to check with them first imo.

12 years ago I brought cash from uk, better exchange at supper rich

50+ back then I bought land and built family home, if you do it that way keep proof from your bank withdrawal , declare to customs fill in form at you departure airport.

I didn't declare it at Bangkok, everything went OK.just a suggestion.

in case you use WISE for the transfer, make sure you tick in their menue the "purpose" correctly, or it will show as an inside Thailand transfer

Has to be sent in Foreign exchange and changed in Thailand. You'll get a better rate. You can see it on the receiving banks foreign exchange rate link..look for TT Buy/Sell! Plus the incoming currency can't be THB, even of it's from a overseas bank...in order to do he foreigner property transfer. Maybe get an agent or lawyer to advise u as well..

Must be send on the currency from the country you transfer the money..

Your bank abroad must mention the purpose of the transfer.

Your bank in thailand will the FET or similar.. with the amount of the purchase, origin of the funds with the exchange rate.

You need this document at the land office to transfer the ownership

Besides the possible FET requirement a Thai bank will likely give you a better rate than your home one. So send in dollars.

When I purchased mine 8 years ago, they were quite specific that the transfer has to be in foreign currency, and they will convert to THB at the Thai bank.