The XE mid- market rate for the USD today was 33.15. Superrich is selling $ for 33.12,compared to 33.42 at Bangkok Bank.

How is that possible?

Maybe you should ask "Superrich"

48 minutes ago, thecyclist said:

The XE mid- market rate for the USD today was 33.15. Superrich is selling $ for 33.12,compared to 33.42 at Bangkok Bank.

How is that possible?

Bangkok Bank looks like an error

3 hours ago, thecyclist said:

The XE mid- market rate for the USD today was 33.15. Superrich is selling $ for 33.12,compared to 33.42 at Bangkok Bank.

How is that possible?

Wouldn't you expect superrich to be better? What's the issue?

3 hours ago, thecyclist said:

The XE mid- market rate for the USD today was 33.15. Superrich is selling $ for 33.12,compared to 33.42 at Bangkok Bank.

How is that possible?

40 minutes ago, Upnotover said:

looks like he's looking at the wrong column

8 hours ago, Upnotover said:

Wouldn't you expect superrich to be better? What's the issue?

No issue whatsoever, just curious how they can still make a profit. It's like consistently (not just promotionally) selling a product for less than the manufacturing cost.

4 hours ago, thecyclist said:

No issue whatsoever, just curious how they can still make a profit. It's like consistently (not just promotionally) selling a product for less than the manufacturing cost.

They buy and sell foreign currency, and while their spread on USD is razor thin, you will find that THEIR "manufacturing cost" (buy rate) is slightly lower than the price they sell it for (sell rate). At any given time.

Only they know how much money they make or lose from holding foreign currencies while they keep fluctuating; they must have significant amounts of cash in various currencies. Tricky for sure, but as they've been in business for so long, they seem to be experts!

Always compare if possible... because sometimes SuperRich at the Airport is not the best rate...their booths in Bangkok Center can have more attractive rates to buy your foreign currency like the CHF, € or US$