Why Did Thaivisa Change The Way It Reports Current Baht Rates?

[MaiThaiMai]

...now I see within a couple days last week the baht against the USD shot back up almost a whole baht then I look elsewhere and ThaiVisa is reporting in the higher rate ranges instead of its traditional average or mid-rates reporting.

Someone care to TRY and explain this? Tourism manipulating perhaps? to get us to think the baht isn't dropping like a conch shell?

...or am I mistaken and *ALL* the other exchange sights went down to mid-range to be more in line with ThaiVisa's "average rate" reporting where if we would looked at TV and then actually went into Thailand banks we could expect a much (relative) higher rate...somethings fishy, BUTT, what should I expect from LOS (Land Of Seafood)?

I hope I'm just paranoid ...

MaiThaiMai

:jap:

[wandrinstar]

Not sure,but the low rates keeping millions of Foreign Cash out of the Country.I for one wont bring in a cent till its realistic.

[cougar52]

It appears that TV are using the TT rate not the Cash rate. I check several and the rates on the TV headline is uniform with TT rates.

[Tywais]

It appears that TV are using the TT rate not the Cash rate. I check several and the rates on the TV headline is uniform with TT rates.

That is correct as probably most members use the TT (Telegraphic Transfer) to bring funds into Thailand. Topic already running here >

//Closed//