exchange rate $AU To Baht

[Ban Phe Dezza]

Hi  I was sent some money to day to help cover the drop in the exchange rate that affects  my pension and monthly income in Baht

My Daughter sent me some money today

look at the actual documented exchange rate and weep

Rate is 22.81. $11405 TBH. for $500.00

Mod I hope this post is ok just to let Aussie know the current rate 

[AlexRRR]

It fluctuates, normal, the Americas were having a hard time 6 ys ago English more recent now its our turn....

 

Depending how she sends it to you, the Com Bank you pay a fee last time I transferred money it was $22 think its gone up now but you transfer in AU$ and the local bank make the conversion so for a large sum thats more viable on the other hand for a smaller amount say $500 the transfer is free if you or she what ever the case is send it in Thai B of course the com bank make a nice little profit out of you but it still works out cheaper than the 22 or 30$ it would cost to send in $.
 

 

[mstevens]

Prepare for more pain, my prediction is it will settle at 21 - 22.

[KhunBENQ]

18 hours ago, Ban Phe Dezza said:

Rate is 22.81. $11405 TBH. for $500.00

Part of which is transfer fees.

Currency market rate would be 24.05 today (a theoretical value for private users).

I just checked with transferwise and they show 11844 THB for 500 AUD.

(makes 23.6 overall but with the risk of going up or down until transferred)

 

Sending low amounts like 500 AUD means high loss by fees in relation.

Most all expats waiting for better times not only the Australians.

 

[BEVUP]

Aud 23.75 as of novv at BBK, so 23.6 after Thai fees

 

$18 to send (any amount ) from ANZ in AUD 

 

Shocking as Auss is no doubt heading for a Depression

 

It's only due to Auss Gov spending up big on city infrastructure & the mining/gas companies reaping vvhat they have sevvn ( Gov collecting royalties ) that is keeping recession at bay 

Edited May 11, 2018 by BEVUP

[Ban Phe Dezza]

8 hours ago, mstevens said:

Prepare for more pain, my prediction is it will settle at 21 - 22.

Hi Perhaps a side issue perhaps not  on the basis you only have an Aussie pension no relevant extra funds

even at 23-24  the pension is not enough to qualify for a retirement visa or eve a married Visa if you have notified centrelink of your marriage

Thus leaving aside the cost of living it seems to me we have few options in staying long term in Thailand  

just considering the local regions  ASEAN  only a couple of countries are viable for us  

[BEVUP]

18 minutes ago, Ban Phe Dezza said:

just considering the local regions  ASEAN  only a couple of countries are viable for us 

& it about sums up as to vvhat it's vvorht in Auss 23 bht to the $ to live on in Auss 

[ELVIS123456]

I also raised a topic about this issue recently - some interesting responses (and some trolls).

 

https://www.thaivisa.com/forum/topic/1037289-when-will-thai-baht-get-back-to-reality/?tab=comments#comment-12966135