I have just got Baht 51.66 at the bank to the EURO.

Has anyone got a better rate?

http://www.scib.co.th/Bankrate/exchange_rate.htm

I have just got Baht 51.66 at the bank to the EURO.

Looks ok to me for cash-buying.

The live mid-market rates jabe been

as of 2004.10.22 07:52:52 GMT.

1.00 EUR

Euro = 52.1393 THB

Thailand Baht

1 EUR = 52.1393 THB 1 THB = 0.0191794 EUR

Mind you these are mid-market rates incl. TTS and TTB.

Lets wait till Monday to see a better Euro/Baht price.

http://www.scib.co.th/Bankrate/exchange_rate.htm

Can a Farang open a Thai bank account in Euros or dollars?

YES.

http://www.bangkokbank.com/Bangkok+Bank/Pe...unt/default.htm

As far as I'm aware, BKK Bank will allow you to hold an account in US Dollars etc but you can only withdraw in Baht. Do tell me if I'm wrong.

As far as I'm aware, BKK Bank will allow you to hold an account in US Dollars etc but you can only withdraw in Baht. Do tell me if I'm wrong.

Not sure F,will have to check on that.

Scotia Bank (BKK) DO hold Foreign Currency in DEP Accounts.

http://www.scotiabank.com/cda/content/0,16...7_LIDen,00.html

Yes, I thought it seemed strange but I checked in a downtown Khon Kaen branch of BKK bank a few months ago because I had thousands of US Dollars in cash on me and wanted rid of it quick for safety reasons. They told me I could deposit and hold it in USD but had to withdraw in Baht. I declined because the Forex rate was <deleted> at the time (still is for that matter ) and dropped it into a safe deposit box.

I wouldn't be at all surprised if they informed me incorrectly. The branch down the road would probably be singing from a different hymn sheet.

Thanks for the information. I hope to go back to LOS in couple of months and will give it a try.

A classmate of mine who just came back to the States claimed that I would need a one year visa to open an account. Is that true? Another chap who had lived in LOS for 15 years said I'd need at least $25,000 to open one. I wanted to keep it under $10K due to US laws. But if you can only take it out in baht, a thousand US in the account and a safety deposit box sounds optimal.

What do I need to open a savings account for about $1,000 and a safety deposit box?

Today Baht 52.07 - 1 Euro

http://www.scib.co.th/Bankrate/exchange_rate.htm