from xe.com

Live mid-market rates as of 2007.04.05 13:11:10 UTC. Refreshes once per minute.

1.00 GBP

United Kingdom Pounds = 63.7191 THBThailand Baht

1 GBP = 63.7191 THB 1 THB = 0.0156939 GBP

Bring this window to front with every refresh | Start over?

How to Bookmark | How to Link | Free Rates by E-Mail | Tell a Friend

New! XE.com

Forex Speculation.

from thaivisa currency link

Currency Exchange Rates at2007-04-05 (mid-market rates)

Code Currency Value

USD United States Dollar 35.014 THB

GBP Pound Sterling 69.099

can someone explain to a financial dummy

(a.) why there is such a big difference in the quoted rates ?

(b.) what rate is used by thai banks to convert pounds sterling transfers into thai baht ?

i know these questions have been asked before , but i have never seen answers.

Edited April 5, 200719 yr by taxexile

Onshore vs offshore rates - presently getting a much better rate in thailand.

thanks bm , so that means the 69b rate for pound transfers into thailand ??

and are the banks obliged to use the onshore rates ?

Tax - from my undertstanding depends on how the bank does the transfer. If they convert the dosh to thai baht before sending the transfer then you get the worse rate. If they send the transfer in sterling to thai bank and thai bank converts it, you get the better rate.

Tax - from my undertstanding depends on how the bank does the transfer. If they convert the dosh to thai baht before sending the transfer then you get the worse rate. If they send the transfer in sterling to thai bank and thai bank converts it, you get the better rate.

Though not from personal experience, there have been reports both here and elsewhere that transfers are not always being actioned as specified above. In principal Brit's description is correct but it is wise to check and if you are concerned then request a print out of the full credit note which will provide specifics allowing you to verify transaction or raise questions.

Regards