Wanting to exchange 1 million baht to Dollar. Best place for the exchange rate is where?

[Huayrat]

Thanks.

Edited September 30 by Huayrat
Spelling mistake

[chiang mai]

Your problem is not rate, it's availability of that sort of volume. I can pretty much guarantee the banks wont have that to hand but they will be able to collect it for you over time, ditto the money changers.

 

Downstream of course there's also a Customs issues but I expect you know that.

 

 

[Huayrat]

18 minutes ago, chiang mai said:

Your problem is not rate, it's availability of that sort of volume. I can pretty much guarantee the banks wont have that to hand but they will be able to collect it for you over time, ditto the money changers.

 

Downstream of course there's also a Customs issues but I expect you know that.

 

 

Customs won't be an issue. I'm just exchanging for investment purposes. My plan is to keep hold of it until i get 7% profit on my investment. If i have to keep hold of it for a while that's no problem. Thanks. 

[sometimewoodworker]

The HQ of green Superrich in Bangkok Orange will probably also be OK

Edited September 30 by sometimewoodworker

[OneMoreFarang]

Vasu Exchange

 

https://maps.app.goo.gl/VpE7k7XmtxSooTpu7

 

[Smokin Joe]

Bank Gold in Pattaya could handle that amount of USD.

[Ralf001]

did 1.5m Tbh  to usd 12 months.... TT exchange Pattaya 2nd road.... had to wait 30 mins for the cash.

[SAFETY FIRST]

1 hour ago, Huayrat said:

Wanting to exchange 1 million baht to Dollar. Best place for the exchange rate is where?

Where are you located? 

 

If you are in Pattaya, Bank Gold 

 

[mstevens]

Go to either of the Super Rich branches in Pratunam. That amount will be zero problem and they won't even blink.

[soi3eddie]

I've used Superrich in Pratunam. They won't have any issue with this amount - judging by the amounts being exchanged last time I was there. Good time to convert THB to USD by the way!

 

[geisha]

Best exchange used by many businesses is Superich headquarters opposite Central world after Big C. ( side soi. ) 

[Captain Monday]

9 hours ago, chiang mai said:

Your problem is not rate, it's availability of that sort of volume. I can pretty much guarantee the banks wont have that to hand but they will be able to collect it for you over time, ditto the money changers.

 

Downstream of course there's also a Customs issues but I expect you know that.

 

 

I needed a to change bath to a big roll of USD once and did not call ahead to SuperRich on LoiKhroh rd in CM
 

They had it on hand. Like 15 or 20k USD, can’t remember. Nobody batted an eye.
 

 

 

[geisha]

8 hours ago, OneMoreFarang said:

Vasu Exchange

 

https://maps.app.goo.gl/VpE7k7XmtxSooTpu7

 

Nearly the same rate as the big superich.

[jippytum]

The gold shop soi Rungland pattaya will accept any currency any  amount

[ravip]

3 hours ago, geisha said:

Nearly the same rate as the big superich.

Don't ALL Superrich branches have the same rate?

[bradiston]

14 hours ago, sometimewoodworker said:

The HQ of green Superrich in Bangkok Orange will probably also be OK

You might have to order.

[4MyEgo]

15 hours ago, Huayrat said:

Customs won't be an issue. I'm just exchanging for investment purposes. My plan is to keep hold of it until i get 7% profit on my investment. If i have to keep hold of it for a while that's no problem. Thanks. 

 

7% is that tax free and what capital gains would be looking at, as a percentage return is good, but you also want capital appreciation, 7% profit in today's terms is not 7% when you take inflation, e.g. cost of items that have increased over time vs the $, baht etc.

 

Americas latest inflation rate is 2.5%, if you believe those figures, would mean you would be receiving 4.5% before tax, if any.

 

Thailand's latest inflation rate is between 1% - 3%, if you believe those figures, would mean you would be receiving between 4% - 6% before tax if any.

 

Personally, I don't believe the above inflation figures for my own reasons.

 

The above said you need to look at bigger returns, like 10% +

 

I have been averaging 12% - 20% tax free, but am not going to tell you where you can get that, as I am not a financial investor, and sure the heck beats getting what your suggesting.

 

Good luck 

[john donson]

so you buy the usd here and wait till the baht goes down?

[thecyclist]

6 hours ago, ravip said:

Don't ALL Superrich branches have the same rate?

No ,they don't. Headquarters have the best rates. 

Go to their website, you are able to compare the rates of different branches. 

The default rates are those of the main branch. 

 

[bradiston]

1 hour ago, thecyclist said:

No ,they don't. Headquarters have the best rates. 

Go to their website, you are able to compare the rates of different branches. 

The default rates are those of the main branch. 

 

You used to be able to compare on their app, but I haven't used it for a long while.

[Dave0206]

I assume you want to wait till $ recovers to 35? Unless you get true rate p to p you will lose 1% both buy and sell perhaps gold bars may be way to go?

[sometimewoodworker]

11 hours ago, ravip said:

Don't ALL Superrich branches have the same rate?

No they don’t, the 2 different superrich HQ have the beat rates, if it’s only a couple of hundred or thousand or 2 dollars required its not worth the trip but when you are at tens of thousands the trip will save enough to make it a reasonable trip.

[mstevens]

6 hours ago, Dave0206 said:

I assume you want to wait till $ recovers to 35? Unless you get true rate p to p you will lose 1% both buy and sell perhaps gold bars may be way to go?

 

Might be a bit of a wait. Super Rich rate currently at around 32.5.

[Dave0206]

Well 32.5 to 35 is the 7% he is looking for as far $ is concerned super rich have razor thin margins. You are probably right about long wait for it to return to 35 but it was only 2months exactly it was 35.5 so big swings is possible 

[chiang mai]

17 minutes ago, Dave0206 said:

Well 32.5 to 35 is the 7% he is looking for as far $ is concerned super rich have razor thin margins. You are probably right about long wait for it to return to 35 but it was only 2months exactly it was 35.5 so big swings is possible 

Yes it is, but you have to factor in the cost of travel to obtain the money, hotel costs and subsistence plus the risk of carrying and storing that much cash comes with a price. My guess is, all told, he needs closer to 37 or 38.

[Huayrat]

4 hours ago, chiang mai said:

Yes it is, but you have to factor in the cost of travel to obtain the money, hotel costs and subsistence plus the risk of carrying and storing that much cash comes with a price. My guess is, all told, he needs closer to 37 or 38.

No hotel costs or travel costs.