Where Do You Get Your Rates From?

[PattayaParent]

I notice there's a feature at the top right of the screen giving exchange rates but I have also noticed that it's about 1 Baht per $ lower than the Bangkok Bank rates online.Where do you get those rates from and how do we know they are beleivable?

Edit: http://www.bangkokbank.com/Bangkok%20Bank/Personal%20Banking/Foreign%20Exchange/FX%20Rates/Pages/Default.aspx

Edited September 6, 2010 by PattayaParent

[Thanyaburi Mac]

NOT off the www as those rates usually don't correspond what you'll get in Thailand at the bank.

For Siam Commercial Bank, where I deposit monthly a US$$ check to my baht account, I use:

http://www.scb.co.th/scb_api/index.jsp

The rate for the US$$ for this morning is 30.79, which is what I'd have received for my check, or a travelers check.

Mac

[gotlost]

Thai Visa gives the exchange rate of a ONE Dollar bill. Where as exchange institution give you 3 different rates. The hundred dollar bill be in the highest.

Currency Exchange Rate Date : 6 September 2010Update : 1 Effective From : 8:30 [unit : Baht per 1 unit of foreign currency]CurrencyDescriptionBank NoteBuying RatesSelling Rates

Bill-DD-TTBuying RatesSelling RatesSight BillTTUSD1USD : 129.9431.32USD5USD : 5-2030.2531.32USD50USD : 50-10030.7231.3730.8730.9731.22GBPUnited Kingdom47.3348.9147.5825047.7075048.36000EUREuro Zone39.5240.7639.6700039.7650040.35250JPYJapan (:100)36.1237.5736.3925036.4775037.16750HKDHong Kong3.904.103.965003.978754.02500MYRMalaysia: 10, 50, 1009.1210.32UnquoteUnquoteUnquoteSGDSingapore22.7323.4222.8525022.9150023.33750BNDBrunei22.1923.36---CNYChina4.144.804.471254.511254.65750IDRIndonesia (:1000)1.974.313.010403.049703.90010INRIndia : 50-10000.576250.71875--0.72250KRWKorea0.02250.0306---PHPPhilippines0.500.77--0.71500TWDTaiwan0.781.08---AUDAustralia27.8929.2328.1275028.2125028.66000NZDNew Zealand21.9623.0822.1200022.1900022.60500CHFSwitzerland30.0230.9030.2600030.3550030.82000DKKDenmark5.125.425.322505.337505.41000NOKNorway4.885.145.023755.038755.11625SEKSweden4.114.354.262504.273754.34000CADCanada29.2530.2529.6275029.6925030.15000RUBRussia0.821.17---VNDVietnam (:1000)1.161.78---ZARSouth Africa2.775.81---AEDUnited Arab Emirate6.808.84---BHDBahrain55.5583.26---OMROman54.7681.78---QARQatar6.698.84---SARSaudi Arabia6.588.79---

Remarks

: The above rates are subject to change without prior notice. Please contact our foreign currency service counter for firm rates. Currency exchange rates are also available at www.Bangkokbank.com/fxrates

: If you are a group of travelers who are about to go abroad and want to arrange foreign currency exchange, please contact our Foreign Currency Exchange Unit on telephone (66) 0-2626-4158-9.

[DMC1]

Try 'BOT daily foreign exchange rates'

[gotlost]

Try... http://bankexchangerates.daytodaydata.net/default.aspx

[el jefe]

http://www.bot.or.th/english/statistics/financialmarkets/exchangerate/_layouts/Application/ExchangeRate/ExchangeRate.aspx

If you're not getting close to this rate (within 1%, meaning Friday's rate of 31.149 x 99% = 30.8375), you could be doing better.

[PattayaParent]

Thai Visa gives the exchange rate of a ONE Dollar bill. Where as exchange institution give you 3 different rates. The hundred dollar bill be in the highest.

This seems to be what TV are using.

Does anyone ever go to the bank and change just $1 though? Displaying the rate for $100 or TT would be more useful to most TVers

[jazzbo]

The FIAT gang probably lobbies hard for the $US1 exchange rate because it will likely break the 30 mark sooner than the $US100 rate... That will maybe rejuvenate the Financial-Crisis-of-the-Day Topic.