Currency Declarations At Custom

[Pappiklon]

Hi All

As a result of market fluctuations and UK Banks tardy behaviour in doing my sterling transfers to Thailand, I am thinking of bringing in a large sum of money in cash and then I would have control over when I change it to maximise the rate. Do I have to declare foreign currency over a certain amount to customs at the point of entry, if so at what is that amount..... if there is a limit and don't declare it it might get confiscated, and if I do declare it am I putting myself at risk of losing it another way?

[Pappiklon]

To answer my own question I have since discovered there is no limit on what you bring in but a 50,000 baht limit on Thai cash you can take out. For some local countries this increases to 500,000Bht

P

[samran]

If you are talking a substantial amount, then you are probably going to get a very favourable rate from any of the big international banks. HSBC etc, who will wire GBP to Thaialnd. As a non resident, you can open up a GBP account here, and exhange monies when you chose.

Much better than trying to carry the cash, which is pretty risky.