Exchange rate falling

[Ipso]

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.

[Thomaz73]

Keep the bigger picture in mind 

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.) 

[Billy Shears]

Gold is going up.

[Bonkabit]

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).

[Bonkabit]

13 minutes ago, Thomaz73 said:

(And don't know what a Starling Card is.) 

https://www.starlingbank.com/travel/ has the answer.

[Ipso]

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

[alohaww]

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/

 

[gatorade88]

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 November 21, 2021 by gatorade88

[septicusglutinus]

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.

[keepitfun]

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?

[petehoax]

2 hours ago, keepitfun said:

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

no

[DDDDC]

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.

[striderman]

spare a thought for the russians. TT are not risking taking Rubles (yesterday down 30 % against the dollar)

the ukrainians are going to be stuck too with the Ukrainian hryvnia (i had to google that !!! )

 

 

[rog555]

3 hours ago, striderman said:

spare a thought for the russians. TT are not risking taking Rubles (yesterday down 30 % against the dollar)

the ukrainians are going to be stuck too with the Ukrainian hryvnia (i had to google that !!! )

 

 

So if you want buy 100 rubles it will cost zero ? 555.

For spring trip to Kiev.

Edited March 1, 2022 by rog555

[PattayaSuperman]

On 21/11/2021 at 04:50, keepitfun said:

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

No, because it depends on the bank you are withdrawing the money from, not from Wise.

But it seems that Aeon Bank only charges 150 baht, I haven't tested it yet though.

[SkippyRoo]

On 01/03/2022 at 16:00, rog555 said:

So if you want buy 100 rubles it will cost zero ? 555.

For spring trip to Kiev.

I understand it is illegal to by Rubles due to the sanctions, happy to stand corrected, 

BUT  in theory, if one could buy some roubles in Pattaya, as say a service to a poor stranded Russian tourist what would they be worth when the whole thing is over?? Is that a crime BTW?.

Skippy

[striderman]

2 hours ago, SkippyRoo said:

I understand it is illegal to by Rubles due to the sanctions, happy to stand corrected, 

BUT  in theory, if one could buy some roubles in Pattaya, as say a service to a poor stranded Russian tourist what would they be worth when the whole thing is over?? Is that a crime BTW?.

Skippy

TT are now quoting a rate for the rouble. before the troubles it was in the area of 0.5. the first rate after which appeared several days ago was 0.28 today was 0.32.

NOTE...........do not make any political comments of any sort or the mods will close the thread