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Author Topic: Money Exchange - Thailand  (Read 4015 times)
hummuspie
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« on: August 13, 2015, 02:28:05 PM »

Flying out Phuket tomorrow evening for 7 nights.

1st time I'm going there so wondering what the exchange bureaus are like there

Am I better off exchanging only a little here and the rest there or exchange it all before I go?

Thanks

Ash
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lucky_scrote
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« Reply #1 on: August 13, 2015, 02:47:42 PM »

Just withdraw from the cash points mate. They charge you x amount for withdrawing (I forget how much) but it's not a lot and it doesn't vary on how much you withdraw. When you withdraw from an ATM the bank always gives you a really good rate too.
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baldock92
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« Reply #2 on: August 13, 2015, 03:19:45 PM »

I'm heading there in a few months and have been told to exhance nothing in advance- even at the airport in Bangkok you will get a better exchange rate than here in the UK.
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« Reply #3 on: August 13, 2015, 03:50:48 PM »

I'm heading there in a few months and have been told to exhance nothing in advance- even at the airport in Bangkok you will get a better exchange rate than here in the UK.

Was so used to getting ripped off by the bureau's at airports was so refreshing to get a really good rate at Bangkok airport.
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« Reply #4 on: August 13, 2015, 04:07:07 PM »

I went this January and exchanged here. Rates in BKK at the time were much worse. Changed some at Koh Samui on the last day and had reverted to similar to UK. Guess as with most currencies it's about timing.
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GreekStein
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« Reply #5 on: August 13, 2015, 04:46:36 PM »

There is a place in BKK that is the absolute nuts.

ALL the poker players that live here go only to this place after live trips to exchange cash.

http://www.superrich1965.com/

They take less than 1% and you'll be in and out in no time. It's also a safe location and right next to a huge shopping mall and on the BTS skytrain line.

Otherwise in general Thai banks and bureaus do way better rates than you will get in the UK.

When I transfer money from my UK bank to my Thai bank I ALWAYS instruct the money to be sent in pounds and let the thai bank do the conversion.
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Woodsey
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« Reply #6 on: August 13, 2015, 05:53:53 PM »

About 47 at the airport in the UK currently, just about the worst possible option!!!
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EvilPie
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« Reply #7 on: August 13, 2015, 07:27:43 PM »

Just withdraw from the cash points mate. They charge you x amount for withdrawing (I forget how much) but it's not a lot and it doesn't vary on how much you withdraw. When you withdraw from an ATM the bank always gives you a really good rate too.

I don't know about the bureaus over there but I do know that this particular bit of advice is terrible.

Cash points are really convenient but unless you have a special overseas card the only place you'll get worse value for your sterling is at a UK airport.

If you're not bothered about losing a few quid every time you take money out then cash points are definitely best but if you're penny pinching then avoid them.
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hummuspie
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« Reply #8 on: August 13, 2015, 07:54:55 PM »

thanks for the suggestions

I was thinking about just using my card like I've done on recent trips to Europe

Cos, will try your recommendation if laziness doesn't set in!

FWIW id never use the bureaus like Travelex at the airport, they're the biggest rip off merchants

Exchanged £100 at one of these at La Guardia in New York and got $118 back lol
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« Reply #9 on: August 13, 2015, 07:59:27 PM »

Tbh if cos's suggestion isnt close to where you are going alot of the money exchange shops in the resorts do good rates. Just shop around a little bit when you get to phuket and change a lump when you find the best rate. The rate was pushing 55 in the resorts 3 or 4 days ago according to my mates there. That is about 10% above the average I've had over the years so you are going at a good time!
« Last Edit: August 13, 2015, 08:02:39 PM by Woodsey » Logged
hummuspie
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« Reply #10 on: August 13, 2015, 08:15:21 PM »

Brilliant thanks Woodsey

The best I can find here is 52....think I'll exchange a small amount here just incase and will get the rest done there
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baldock92
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« Reply #11 on: August 14, 2015, 12:00:13 AM »

If you have a bulk of Baht left over when you're back I may be around to buy them up, drop me a message if so.
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« Reply #12 on: August 14, 2015, 04:34:40 AM »

If you have a bulk of Baht left over when you're back I may be around to buy them up, drop me a message if so.

And if baldock isn't around I can definitely buy it for £ or online $$ at xe rate
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« Reply #13 on: August 14, 2015, 11:01:45 AM »

There is a place in BKK that is the absolute nuts.

ALL the poker players that live here go only to this place after live trips to exchange cash.

http://www.superrich1965.com/

They take less than 1% and you'll be in and out in no time. It's also a safe location and right next to a huge shopping mall and on the BTS skytrain line.

Otherwise in general Thai banks and bureaus do way better rates than you will get in the UK.

When I transfer money from my UK bank to my Thai bank I ALWAYS instruct the money to be sent in pounds and let the thai bank do the conversion.


There is a Superrich at BKK airport opposite where the trains are at the lowest level of the airport.  If you are going to change money at the airport well worth using this.
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hummuspie
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« Reply #14 on: August 14, 2015, 01:50:43 PM »

If you have a bulk of Baht left over when you're back I may be around to buy them up, drop me a message if so.

And if baldock isn't around I can definitely buy it for £ or online $$ at xe rate

Will do 👍👍
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