359 replies to this topic

[paultain]

Here is a good site on ground, showing the best rates from each Thai bank.

http://bankexchanger...et/default.aspx

[dixon cox]

At last the exchange rate has broken the 50 Baht barrier for one UK pound

After checking my online banking I saw an ATM withdrawal:

30 Jul 2010
ATM - 8969 30JUL10, THE AVENUE PATTAYA, BRA, CHONBURI TH, THB 10150.00, RATE 50.1531

I'm not the only one I'm sure, but I've observed the rate gradually climb and it is finally here!

Attached Files

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[Rossco]

Interesting observation.

I recently transferred UKP from UK to Kasikorn - it took only 24 hours.
Kasikorn rang me to advise the rate was 50.125.

On the same day I visited the Kasirn branch at the Avenue Mall - 49.6
So you definitely obtain a better rate using Bank to Bank transfer and not converting cash.

This may not seem significant but as a Retired Visa holder you need show 800,000 Baht in the bank upon the Visa anniversary - so 0.5 Baht makes a difference.

[SwineCanine]

The better baht rate for Brits is primarily due to the strong pound vis a vis the dollar.

http://finance.yahoo...&q=l&c=GBPTHB=X

Here are the Pound/Dollar Pound/Baht crossrates for the last three months. Nearly identical.

[kliome]

Interesting observation.

I recently transferred UKP from UK to Kasikorn - it took only 24 hours.
Kasikorn rang me to advise the rate was 50.125.

On the same day I visited the Kasirn branch at the Avenue Mall - 49.6
So you definitely obtain a better rate using Bank to Bank transfer and not converting cash.

This may not seem significant but as a Retired Visa holder you need show 800,000 Baht in the bank upon the Visa anniversary - so 0.5 Baht makes a difference.

As long as you send it in your local currency, the TT (Bank transfer / Telex Transfer rate) is always better than the notes/money exchange rate. It's usually around 0.4-0.5 bht better to the £GBP. It's also usually advertised at the major booths (Kasikorn at least).

As you say, it does make a difference when transferring hefty ammounts.

50bht to the £ is still pretty crappy, but considering it was almost 45 in May, I guess we should be satisfied.

I've told Big Tel I'll throw a 'baht rate' party at one of the Pattaya bars if it is up to 58bht to the GB£ by November.

[BigTel]

I've told Big Tel I'll throw a 'baht rate' party at one of the Pattaya bars if it is up to 58bht to the GB£ by November.[/quote]




Roll on November and here's looking forward to the Party too .

[xyzzy]

I posted this link before: http://bankexchanger...et/default.aspx
You can see the cash amount and use TT for debit/credit card rates which get the wholesale exchange rate. I believe this is the same rate as big transfers.

[ronny]

During my last holidays in Pattaya on july, I've got the best rates change in Bank Gold at the crossing between Pattaya tai and third road.

[Alaskan Bear]

Average bank exchange rate from data above: 1 USD = 30.69875 THB

[boss45]

Average bank exchange rate from data above: 1 USD = 30.69875 THB

That sucks!!!!!

[dixon cox]

I've just had a re-read of much of this thread which began 5 years ago as we stood and watched our precious currencies crumble against the THB and how it would impact our trips and the sacrifices we would have to make.
 
How did we survive those tough years?
 
Now we're seeing signs that a turnaround is probable and hopefully the currency-climb in our favour can begin as Thailand now finds itself in recession with gloom on their horizon. 

 

The Vulnerability of Asian Markets Then (1997) and Now (2013)
 
It was a toxic combination that sparked the Asian financial crisis in 1997.
 
The bad news is that same combination – of Federal Reserve monetary tightening and Japanese fiscal tightening – is looming once again.

 
Source: http://blogs.wsj.com...7-and-now-2013/

Fingers crossed for better times ahead... for us