Lourens Posted July 2, 2008 Share Posted July 2, 2008 I send dollars to Thailand every month via electronic transfer. The process is quick and will usually not take longer than a day. However, the last time I sent money, it took five days for the money to arrive in my Thai bank accoount. The exchange rate five days ago was 33.52 and fell to 33.4. Not a very big difference I know but when you talk big figures, it will make a big difference. Where was it? Who had it? What happened to it? Link to comment Share on other sites More sharing options...
PattayaParent Posted July 3, 2008 Share Posted July 3, 2008 The bank put it into a short term money market account to take advantage of the difference in exchange rates. Not significantly noticeable to your transfer but when they hold millions of $$ in the same way at the same time they can make a few bob. 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