Baht vs Major Currencies

[jimslim]

Creeping slowly back up again

[Road Runner]

(katoeylover @ Jun. 28 2008,17:44) You should never, ever buy baht in the UK. Change at Bkk airport if you need money for taxi's etc.

I bring £100 cash with me from the UK and when I get to Bankgok airport normally use the ATM  -  
but I've got the folding money as a back up to change at one of the bank counters.

The airport rate is usually only about 0.2-0.3 Baht/£, $ or Euro worse than the rate at Nana  -  
so unless you are changing 100's it's not worth worrying about the difference when you first arrive.

The other advice I will keep repeating for those who are frequent visitors from the UK is to get a Nationwide Flex Account + card.
It's the only one I know of that does not charge for foreign currency withdrawls  -  though if anyone else knows better post it up.

I think it was Snick who came up with a US card issuer that is the same.

RR.

[PigDogg]

If you are exchanging baht into USD on your way home you get a better rate if you're willing to take dollar bills instead of 20's or hundreds.

[dummy_plug]

Why change my baht back to dollars? I'll only need to change it back in a few months or so haha.

[marshal]

(katoeylover @ Jun. 29 2008,05:44)

(marshal @ Jun. 28 2008,10:51) Has anyone changed any sterling to baht in los, in the last day or so?
Checked xe.com yesterday and they are giving a figure £1=66baht
Asked in thomas cook bureau exchange in uk and they are offering £1=62baht

Would be intersting to know what they are changing sterli g for in los?

You should never, ever buy baht in the UK. Change at Bkk airport if you need money for taxi's etc.

Todays rate (as per Bangkok Bank) is 65.45bt/£  compared with 61 here.

http://www.bangkokbank.com/Bangkok....tes.htm

I had a feeling the baht rate would be higher in los than uk. Cheers for that

[Socrates999]

(dummy_plug @ Jun. 29 2008,14:41)  Why change my baht back to dollars? I'll only need to change it back in a few months or so haha.  

Is this a cryptic clue to your next appearance in LoS? Also, a looootttt of posts recently.


Be good to see you again.

[dummy_plug]

Socrates, did I ever tell you that you are not only a gentleman, but also a scholar? You're too fucking brilliant (I just made a post not 5 minutes ago referencing the same thing - check the Picture Post section).

Anyways, as you can see, my activity has perked up again and the long and short answer is yes, my return is inevitable. Working out the final kinks and details, but I'll be there in time for New Year's 2009 for sure. And there is an ugly rumour going around I may be in town for a few days in August...

I'll PM you details.

[jaymee]

Is it more worth it to buy baht then in Bkk?

I'm sorry if I missed out on some earlier posts.

[Snick]

yes - buy Baht in Thailand.
Even though the currency controls are gone, you will still get a better rate here

[TTChang]

Yes, buy Baht in Thailand.   But I think Sterling is falling even faster than the 'beleagured baht' ..... Note rate at Siam Commercial is below 60 bahts to the £ this afternoon ...   I was getting nearly 67 only a few weeks back

 

[manarak]

yes, buy baht in Thailand.

In July, I got the best rates at Vasu Money Exchange, on sukh, opposite Soi 8

[rxpharm]

Just to reinforce Manarak's post about best exchange rate:

The Vasu Money Exchange, 133-133/1 Sukhumvit Soi 7, Bangkok, phone: 2253-1706-7.

Today I got the rate of 34.7 Baht/USD as compared to the bank exchange booths rate of 34.38.

Be aware they only take cash, USD, Euro, Yen, etc. No traveler's cheques, credit/debit cards.

Good option if you're in the area and looking for best rates.

[simon_125]

Anyone from UK I'd open a Nationwide flex account. I've just opened one and there are no charges for cash withdrawals from abroad and no currency loading.

[Tomcat]

I have a direct line now to the HSBC trading desk and can get the headline rate for commercial transactions as long as its over 2000USD ..The issue now is that i have to set up a bank account in LOS and use my business account to wire the money through ..Not sure about the bank protocols or IR implications for using a Business facility for wiring through to a private baht account

Maybe ill study this further next year with my accountant as the last thing is want is the IR on my back

[deepthroat]

What makes no sense at all is the US dollar keeps growing compared to the Baht. Our economy is fucking crumbling, the house of cards has been revealed to have no clothes (or some other mixed metaphor like this) yet 1000 baht in July cost $31, today it is only $28.78.

Of course I'm happy but can't seem to make sense of it.