JimmyGreaves Posted March 4, 2008 Share Posted March 4, 2008 On checking xe.com and a few other conversion sites I am finding that the tt rate seems lower than the rates on these sites which used to be the offshore rates. Has the onshore/offshore rates ceased? Link to comment Share on other sites More sharing options...
monty Posted March 5, 2008 Share Posted March 5, 2008 The difference between onshore and offshore exchange rates has lessened over the last few months, and seems today all but gone. Checking x-rates.com has the Baht at 31.45 against the greenback, while Bangkok banks website indicates a 31.44 exchange rates for incoming TT transfers. Although checking XE.com it has the dollar at 31.6137 or a difference of slightly over 0.5%.... Thai military bank is exchanging at 31.51 for TT's, or a difference with XE of a tad over 0.3% Link to comment Share on other sites More sharing options...
Pib Posted March 6, 2008 Share Posted March 6, 2008 Yeap, the on and off shore exchange rates have pretty much equalized with the lifting of the 30% Capital Controls this week. Whether the on and off shore rates stay pretty much equal will depend on what new and old polices/procedures the Thailand Finance Ministry and Bank of Thailand use to manage/stabilize the baht. I have no doubt there will be some innovative policies/procedures used. Link to comment Share on other sites More sharing options...
george Posted March 6, 2008 Share Posted March 6, 2008 Mid-market rates: http://baht.thaivisa.com Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now