Jump to content

Support our Sponsors >> Thai Friendly | Pattaya News | Pattaya Unplugged | The Night Wish Group | Thailand 24/7 Forum | La La Land bar | NEW PA website | Subscribe to The Pattaya News | Add your Text or Event here

IGNORED

Exchange rate falling


Ipso
 Share

Recommended Posts

I'm looking to get there in the in the near future (before Christmas) .I have been keeping an eye on the exchange rates and they seem to be falling in the last couple of weeks (baht to pound sterling) what is the rate on the ground at the moment ,and what is the best way to get the best rate ,I've been putting money into a starling card .but not sure if cash would be a better option.

Link to comment
Share on other sites

Keep the bigger picture in mind 

image.thumb.png.f067f6a89f49fba0e19e6f3012c39c2a.png

No idea what the best strategy is. But if you're risk averse, maybe exchange a bunch of cash now? (And don't know what a Starling Card is.) 

image.png.6eb5df3c4b99a4189996c2a21d8f14af.png

Link to comment
Share on other sites

Gold is going up.

It's just my opinion. 

Link to comment
Share on other sites

I live in Australia; I have a  Wise Currency Account  (see link).

Each month I put some  $A into the account to be converted to Thai bahts. Wise give a better exchange rate than banks; by saving regularly you are 'averaging' against swings in the rate; if you assess that the rate has moved in your favour you can increase the amount you transfer.

I can make a withdrawal at any Mastercard outlet, ATM.

Next trip in early 2022 I may open an account at a bank in Thailand.

When I leave home I usually have 5-10000 bahts in cash from my previous trip. This is enough for a taxi on arrival and for the first day; hotel has been prepaid on the web (in THB, not $A).

Link to comment
Share on other sites

6 minutes ago, Bonkabit said:

I live in Australia; I have a  Wise Currency Account  (see link).

Each month I put some  $A into the account to be converted to Thai bahts. Wise give a better exchange rate than banks; by saving regularly you are 'averaging' against swings in the rate; if you assess that the rate has moved in your favour you can increase the amount you transfer.

I can make a withdrawal at any Mastercard outlet, ATM.

Next trip in early 2022 I may open an account at a bank in Thailand.

When I leave home I usually have 5-10000 bahts in cash from my previous trip. This is enough for a taxi on arrival and for the first day; hotel has been prepaid on the web (in THB, not 

Thanks I'll look into a wise account ,sounds like a good way to save over a period of time

Link to comment
Share on other sites

Exchange rates shift all the time, which is why people "DAY trade" in FOREX. As the chart in a post above shows the 12 month trend is certainly up in the case of the GBP. 

To answer your question re the rate on the ground - check the TT Exchange website. Im not sure how frequently it updates, seems to be a couple of hours old as I look now.

https://ttexchange.com/

 

  • Like 2
Link to comment
Share on other sites

  • 2 weeks later...

Both the starling and wise accounts look similar in that you can pre load the thb on them with the exchange rate at the time... But I'm wondering how do you get funds (cash) out on the other side? Both give you a physical debit card is there a way to get cash in hand without incurring fees like 220bht at the ATM? 

Edited by gatorade88
Link to comment
Share on other sites

I've got a wisecard I'm back in the UK in May but although in Thailand now the new year will definitely see me in Singapore but also vietnam for a couple of months too hopefully, I have got baht on it to cover hotel expenses wise have a deal with booking and Agoda for an extra discount but it takes up to 64 days to get it put back on your card  pay also for hotels in Singapore and vietnam with it and flights between countries, but day to day expenses I exchange cash.

Link to comment
Share on other sites

On 11/11/2021 at 16:49, Bonkabit said:

I live in Australia; I have a  Wise Currency Account  (see link).

Each month I put some  $A into the account to be converted to Thai bahts. Wise give a better exchange rate than banks; by saving regularly you are 'averaging' against swings in the rate; if you assess that the rate has moved in your favour you can increase the amount you transfer.

I can make a withdrawal at any Mastercard outlet, ATM.

Next trip in early 2022 I may open an account at a bank in Thailand.

When I leave home I usually have 5-10000 bahts in cash from my previous trip. This is enough for a taxi on arrival and for the first day; hotel has been prepaid on the web (in THB, not $A).

Does the wise card somehow avoid the crazy high ATM fees in Thailand?

Link to comment
Share on other sites

ATM fees in Thailand, mostly 220B, I wonder how much money the Thai banks have "Lost" over the last two COVID years with no tourists hitting up the ATM every few days??

Maybe 30 Million tourists a year, each with an average of 3 visits to an ATM on a two week vacation...

660B x 30M = Almost 20 Billion Baht in ATM fees lost.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share



  • COVID-19

    Any posts or topics which the moderation team deems to be rumours/speculatiom, conspiracy theory, scaremongering, deliberately misleading or has been posted to deliberately distort information will be removed - as will BMs repeatedly doing so. Existing rules also apply.

  • Advertise on Pattaya Addicts
  • Recently Browsing

    • No registered users viewing this page.
  • Our picks

    • Hi Guys

      As many of you know we have been running now for 16 years and apart from one brief time when we were allowed PayPal, so could use the inbuilt donation function, we have tried to avoid asking for donations. We have certainly avoided being in anyones face about it.

      Sadly that has now changed.

      The forum currently costs around $900 a month to operate. That includes Bangkok and Philippines but PA makes up the vast majority of it. This fee covers forum hosting, image hosting, notification emails and support.

      Before anyone says "its expensive" please be aware we have tried for years to find better for cheaper - it just doesn't exist for the size we are. Also a lot of hosts wont Touch us anyway. Our current host is actually cheaper than the previous one but that brings its own problems.

      Moving on -

      I would like to stress there is NO obligation whatsoever. Also, whatever happens the forum is going no-where!

      Donators can CHOOSE to have their donation listed (probably in this thread or we can make a new one) or to remain anonymous. Likewise they can CHOOSE whether the amount is published or not.

      There is no minimum, or maximum for that matter. ANY donation will be very gratefully received. We are very aware that many members are also having it tough these days.

      We are still unable to promote/post PayPal addresses etc on the forum so would ask that anyone who would like to make a donation to PM me, or ask me here to PM you and we will sort out details via that PM.
      • 97 replies
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.