Changing Thai Baht to Australian Dollar - Better to do it in Thailand or Australia?

[bbi1]

Changng Thai Baht to Australian Dollar - Better to do it in Thailand or Australia? Where do you get the better exchange rate?

[Etaoin Shrdlu]

Outside of Thailand, the baht is considered a minor currency and usually attracts an unfavorable exchange rate. I would change baht to Australian dollars here in Thailand.

[Peterw42]

You will get a much better rate changing in Thailand, it can be 5% better in some instances.

[jaideedave]

Similarly I took some Thai baht back to Canada and exchanged it for Canadian dollars.They beat the crap out of me in the ex rate.

Never again.I would change it here.Just shop around for the best rate.

Just out of curiosity take a 1k Thai baht note back with you and see how much you get.You'll be surprised.

[2baht]

Buy in Thailand, the AUD is shot at the moment! 22.50 THB! Mid rate!

[Etaoin Shrdlu]

14 minutes ago, Etaoin Shrdlu said:

Outside of Thailand, the baht is considered a minor currency and usually attracts an unfavorable exchange rate. I would change baht to Australian dollars here in Thailand.

The baht is probably actually considered an exotic currency in the world of foreign exchange trading.

[retarius]

We just changed Thai baht abroad. Got offered a lousy rate at a major bank. I shopped around local currency changers and got almost spot rate, which was also better than I could have got in Thailand. But I think it is country specific. Ask a mate back home to check the rate at a local bank for you and if there are currency traders check them as well.

[ezzra]

What ever you do, do it as the Aussie $ in the crapper right now.

[Everyman]

Who in their right mind brings cash when they travel? Use your ATM card like a normal person. This isn’t 1977.

 

And yes I know the ATMs charge ฿200+ per transaction. Get a card that pays you the fees back. 

[TimeMachine]

28 minutes ago, Everyman said:

Who in their right mind brings cash when they travel? Use your ATM card like a normal person. This isn’t 1977.

 

And yes I know the ATMs charge ฿200+ per transaction. Get a card that pays you the fees back. 

Which bank returns fee? Any in oz? 

[KhunBENQ]

28 minutes ago, Everyman said:

Who in their right mind brings cash when they travel? Use your ATM card like a normal person. This isn’t 1977.

Easy said. Rely on one piece of plastic?

Not for me.

Always have alternatives and enough cash for at least a week.

[KhunBENQ]

1 minute ago, TimeMachine said:

Which bank returns fee? Any in oz? 

Becomes a rare species. 

All German banks that I know have stopped that.

[Etaoin Shrdlu]

I think the baht would fall within the definition of exotic currency for foreign exchange purposes:

 

https://www.babypips.com/forexpedia/exotic-currency#:~:text=Exotic currencies are a term,illiquid compared to major currencies.