exchange rates low!

[hob]

hi to you all,
arriving in jan 08 for 3 months from the uk,this last few weeks the value of the baht has been dropping to the pound.have been thinking of the best way of getting a good exchange,at the moment i think i will bring a nationwide current card with me(no charge to withdraw cash)& exchange when i get over there.the current rate is only about 60 baht-to the pound back in england.can anyone tell me the current bank rate in hua hin?

many thanks,
hob.

[lomuamart]

The last time I withdrew on my UK ATM, I got 67.50.

[Big Boy]

hob,

I always check for myself using one of the Thai Bank sites. My preference is usually Bangkok Bank, although they're all much the same.
http://www.bangkokbank.com/Bangkok+Bank ... +Rates.htm

You will definitely be better off waiting until you get to Thailand to change your hard earned cash.

[niggle]

Exchange rates have dropped somewhat (about 3 BBHT to GBP over past week.
As you said, best bet is to use your Nationwide card, they do seem to be up there with best rates all the time plus the no charge for ATM/Credit card

[johnnyk]

Try not to get too exercised about things over which you have no control.

The rate will be what it is the day(s) your transactions occur.
The rate differences between banks/ATMs isn't much, just look around for the rate you think is best though I wouldn't go from one end of town to the other because one bank gives 68.23 and the others give only 68.18.
DO NOT buy baht outside Thailand, rates will be awful no matter what bank.

[sandman67]

I use www.xe.com to keep an eye on things and it does seem to have dipped.

Could be the election is having a depressing effect on the Baht.....maybe it will pick up when normal service is resumed.....

[ozuncle]

Sandman,
If the election was causing the Baht to be depressed it would be the other way around.
The Baht is still pretty strong. Western currencies dipped a bit last week because of the depressed stock market but they are currently regaining a bit of ground.

[ozuncle]

I cant understand why anyone uses XE.COM when you can get accurate information straight from the horses mouth.

eg.
Euro on XECOM shows 43.61
Bangkok Bank IS 47.88

USD XECOM 26.2821
B Bank 32.55

GBP XECOM 59.9757
B Bank 65.69

These are rates for exchanging bank notes over the counter.
Sending by T/T is a bit more as is travelers cheques.

[Big Boy]

hob,

You could also look here http://www.tourismhuahin.com/banking-finance-huahin.php

[niggle]

This BoT site generally is accurate as to exchange rate that I get from Nationwide
http://www.bot.or.th/Bothomepage/databa ... ange_e.asp

[hob]

just to say thanks to those who replied about the currency exchange (very much appreciated).not much difference between the banks in which you have stated.not long to wait now,it's been around freezing point for the last fortnight!! just a bit above that in hua hin eh ?

all the best to you all in 08.

hob.

[lomuamart]

just to say thanks to those who replied about the currency exchange (very much appreciated).not much difference between the banks in which you have stated.not long to wait now,it's been around freezing point for the last fortnight!! just a bit above that in hua hin eh ?

all the best to you all in 08.

hob.

Just a bit!!

[Onlyme]

Stick with Nationwide and draw money from any ATM over here.
I think that you were looking at offshore rates.
Over 5 years here and never paid a baht in bank charges.
Onlyme.

[JimmyGreaves]

Yes looks like the pound is taking a battering, down 3+ Baht in a week. Not seen it this low since Taksin did the dirty. Some forcasters are saying that the pound is in deep shite and could go down big time. I hope not as I know many of us rely on money from the UK.

[Big Boy]

I've just done a check after reading your post Jimmy. I'm pleased to say that its still better than the rate I was getting in Apr 06. Personally, it looks no more than normal fluctuation to me .............. at the moment.