Options for investing Thai baht

[Keith5588]

 

Hi, I have most of my savings and investments in the UK where it is easy to obtain over 4% interest in a bank fixed interest savings account, or invest in mutual funds or stocks & shares.

It seems that once you have money in Thai baht in a Thai bank account the banks only offer about 1% interest in a fixed account.

This is the limit of my knowledge and why I am writing this post to hopefully get some help.

 

I have a UK HSBC bank account and intend to ask HSBC Thai bank if I open an account with them will I be able to invest the Thai baht in say mutual funds.

I think I have also read that you can invest in funds / the stock market via Kasikorn bank?

 

So if possible to invest Thai baht in the worldwide stock market does anyone know if the terms and conditions /charges are similar to the same investment via a UK company?

 

Thanks in advance

Keith

[gamb00ler]

The Thai baht is not a widely used currency outside of Thailand.  It is very unlikely that any financial institution outside Thailand will offer anything denominated in baht.

 

You can get up to 1.5% from SCB EZ Savings account but currently limited to a max of 1M baht.  

[GarryP]

All of my savings and investments were made in Thailand. I have invested in numerous mutual funds over the years, some good, and some bad, but I have averaged more than 4% per year (including overseas funds such as S&P500, global technology Fund, etc. As to costs, I have no experience with investments made in the UK or through offshore brokers, however, I have heard that the charges are quite a bit lower than the Thai brokers/fund managers. Having said that, I started making my investments while in full time employment in Thailand, so I am not sure if it is available to retirees, but don't see why not.  

[FriscoKid]

http://boom.com/en/ - Well established broker in HK. Lets you trade in various equity markets including Thai stocks and possibly Thai ETFs as well. Best thing, never have to bring the money into Thailand.