Where can I buy pound sterling in Pattaya using Thai baht?

PATTAYA FORUM - MOVED

The yellow TT booths

46 minutes ago, scubascuba3 said:

The yellow TT booths

Thanks, any idea what "TT" stands for?

Maybe Telegraphic Transfer 

52 minutes ago, kwilco said:

Thanks, any idea what "TT" stands for?

It may not stand for anything, just their name? It's a privately owned business so might even just be the owners initials?

 

TT is internationally known as Telegraphic Transfer.

 

The money exchange booths are unlikely to have much foreign currency on hand, like the bank branches, they need to order it, based on the amount involved. Banks and exchange companies don't like to hold foreign currency because of the exchange rate risk over time.

Bank Gold on Soi Rungland.

7 hours ago, chiang mai said:

TT is internationally known as Telegraphic Transfer.

 

The money exchange booths are unlikely to have much foreign currency on hand, like the bank branches, they need to order it, based on the amount involved. Banks and exchange companies don't like to hold foreign currency because of the exchange rate risk over time.

Good point

7 hours ago, chiang mai said:

TT is internationally known as Telegraphic Transfer.

 

The money exchange booths are unlikely to have much foreign currency on hand, like the bank branches, they need to order it, based on the amount involved. Banks and exchange companies don't like to hold foreign currency because of the exchange rate risk over time.

Good point

Thanks everyone!

Looks like I'm gonna have run around a bit 

@kwilco Trust me, you will not have a problem unless wishing to change very large amounts.

 

If so, head to Super Rich in Bangkok.

Any busy ForEx booth in a tourist area will be able to do this, and the spread GBP>THB to THB>GBP is very narrow in my experience.

 

Every booth that I've seen displays the exchange rate both ways.

9 hours ago, chiang mai said:

TT is internationally known as Telegraphic Transfer.

 

The money exchange booths are unlikely to have much foreign currency on hand, like the bank branches, they need to order it, based on the amount involved. Banks and exchange companies don't like to hold foreign currency because of the exchange rate risk over time.

TT have a couple of large branches who can. One is on 2nd Rd, the other on Pattaya/Naklua Rd.

13 hours ago, kwilco said:

Thanks everyone!

Looks like I'm gonna have run around a bit 

Why do you have to run around a bit? TT currency exchange booths are all over Pattaya and their rates are posted online with each location

 

https://ttexchange.com/

2 minutes ago, Pattaya57 said:

Why do you have to run around a bit? TT currency exchange booths are all over Pattaya and their rates are posted online with each location

 

https://ttexchange.com/

You think all those booths have stacks of sterling just say there waiting!

6 minutes ago, chiang mai said:

You think all those booths have stacks of sterling just say there waiting!

OP hasn't indicated if he needs "stacks of sterling" but if he does the link I sent is showing the rates for their headquarters on 2nd road which is not a booth. So yes they will have lots of £ there in the office

22 hours ago, chiang mai said:

TT is internationally known as Telegraphic Transfer.

 

The money exchange booths are unlikely to have much foreign currency on hand, like the bank branches, they need to order it, based on the amount involved. Banks and exchange companies don't like to hold foreign currency because of the exchange rate risk over time.

The poster did not state about a large sum (which I would consider upper 4 digit pounds).

Go to the main branch of TT on 2nd rd and come back here if they have less than 5000 GBP in the drawer.

 

T.T. Currency Exchange - Pattaya Headquarters:

(2nd rd not far from South Pattaya rd.)

https://maps.app.goo.gl/iE7FfDV77BRnCrKp6

If any exchange booth has 2k or more, I'll be shocked 

22 hours ago, Pattaya57 said:

It may not stand for anything, just their name? It's a privately owned business so might even just be the owners initials?

Failed to find an explanation.

Even on the Thai site I found only the two syllables.

Telegraphic Transfer is unlikely as their business is about the opposite of "TT".

3 minutes ago, chiang mai said:

If any exchange booth has 2k or more, I'll be shocked 

Then be shocked.

It's their main business to collect foreign currency.

And GBP is one of the most traded in Pattaya.

Seems you never seen what piles of notes banks and other businesses have in their drawers.

Bought my first car in cash,

Went to the bank and asked for the million.

They put the bundle on the desk within a minute,

 

You are US American?

I'm a Brit but that's not relevant. Forex booths aren't in the business of selling foreign currency, their primary business is selling baht and reducing their risk by not holding foreign currency, longer than necessary.

15 minutes ago, KhunBENQ said:

Then be shocked.

It's their main business to collect foreign currency.

And GBP is one of the most traded in Pattaya.

Seems you never seen what piles of notes banks and other businesses have in their drawers.

Bought my first car in cash,

Went to the bank and asked for the million.

They put the bundle on the desk within a minute,

 

You are US American?

How can you possibly know what is the most traded currency in Pattaya, do you have proof of that?

 

And since uk tourists represent only a small percentage of total tourism, I find that hard to even imagine as true.

In relation to how much you can exchange at TT, their FAQ's say you can change a maximum of 800,000 baht per day into foreign currency (so about £18,400). Not sure why some people think this is some small isolated booth. TT is a huge business covering most of Pattaya

 

1 minute ago, Pattaya57 said:

In relation to how much you can exchange at TT, their FAQ's say you can change a maximum of 800,000 baht per day into foreign currency (so about £18,400). Not sure why some people think this is some small isolated booth. TT is a huge business covering most of Pattaya

 

Those are BOT regulations, not rules made up by the booth. And nobody said forex in patts is a small business, only that the availability of gbp may be limited.

1 hour ago, chiang mai said:

You think all those booths have stacks of sterling just say there waiting!

 

I would highly imagine they do later on any particular day

2 minutes ago, Chivas said:

 

I would highly imagine they do later on any particular day

Remind me what percentage of tourists are British.

1 hour ago, chiang mai said:

How can you possibly know what is the most traded currency in Pattaya, do you have proof of that?

 

And since uk tourists represent only a small percentage of total tourism, I find that hard to even imagine as true.

Have you ever been to Pattaya?

Ever seen the signs with the important currencies at the booths?

USD, GBP, EUR, AUD and ?

Obviously not.

1 minute ago, KhunBENQ said:

Have you ever been to Pattaya?

 

I've lived here for over 20 years, I've been to Pattaya at least twice a year, every year during that time (nearly always en-route to some where else mind you!).

 

Anyway, how are you doing with that proof that GBP is one of Pattaya's most traded currencies, or that calculation of 200k British tourists as a percentage of total tourism, 32 million!!