Money Exchange Surprise!

[khunopie]

Just converted 215 Singapore $s to baht. Got 4660 baht from Siam Comm. Bank.

Went to XE.com to see how bad a deal I got and to my pleasant shock all the currency exchange web sites show 4339 baht! How could Siam give me 330 baht more then the global rate?? (BTW I checked just hours after I exchanged)

[suegha]

Sounds like a bit of a mystery. Perhaps very quick fluctuation rate?

[lopburi3]

Because in country rates are much better than external rates - for the last few months there has been a big difference - with USD it is about 3 baht per dollar. The reason everyone tells those sending funds here send foreign currency and have the exchange done here.

[lazeeboy]

Because in country rates are much better than external rates - for the last few months there has been a big difference - with USD it is about 3 baht per dollar. The reason everyone tells those sending funds here send foreign currency and have the exchange done here.

maybe the teller just made a mistake..........

[khunopie]

Because in country rates are much better than external rates - for the last few months there has been a big difference - with USD it is about 3 baht per dollar. The reason everyone tells those sending funds here send foreign currency and have the exchange done here.

No, got the receipt... the conversion is computerized

[geoffphuket]

Your not comparing like for like.... xe.com is showing global exchange rates for outside Thailand

You would have got much the same at the Bangkok bank: http://www.bangkokbank.com/Bangkok+Bank/Pe...tes/default.htm

Edited July 13, 2007 by geoffphuket