ruddy2000 Posted August 3, 2012 Share Posted August 3, 2012 Better to change around 30'000 bht back to $AUD at BKK airport? Or when I arrive in Australia? Which will prob be the better exchange rate exchanging baht to dollars? Link to comment Share on other sites More sharing options...
raymp Posted August 3, 2012 Share Posted August 3, 2012 Change it at BKK airport. Travelex is the only airport currence changers in AU. They will give you about 5 baht per dollar less than anywhere else. If you get 25 baht in the $ you are lucky even though the exchange rate is about 32. BKK airport will probable give you 29.5 to 30 baht per $ Link to comment Share on other sites More sharing options...
Spoonman Posted August 3, 2012 Share Posted August 3, 2012 I would change it when you arrive in Aus. Link to comment Share on other sites More sharing options...
craigt3365 Posted August 3, 2012 Share Posted August 3, 2012 Best to change it at a place like Super Rich before you leave Bangkok. Better rates than at the airport. Let's try this over in the Banking forum. Topic Moved. Link to comment Share on other sites More sharing options...
BookMan Posted August 3, 2012 Share Posted August 3, 2012 I agree with craigt3365 and raymp. In my experience, you will get a far better rate in Thailand than you will in OZ. Link to comment Share on other sites More sharing options...
Naam Posted August 3, 2012 Share Posted August 3, 2012 I would change it when you arrive in Aus. 1 Link to comment Share on other sites More sharing options...
CharlieH Posted August 3, 2012 Share Posted August 3, 2012 Superrich for sure. Currently showing 33 - 1 http://www.superrich1965.com/ Link to comment Share on other sites More sharing options...
David48 Posted August 3, 2012 Share Posted August 3, 2012 We did this Topic just 2 weeks ago ... so some more information for you. Changing Thai Baht In Oz Or Here? Link to comment Share on other sites More sharing options...
FritsSikkink Posted August 3, 2012 Share Posted August 3, 2012 I would change it when you arrive in Aus. You would be loosing money then. Link to comment Share on other sites More sharing options...
ripstanley Posted August 3, 2012 Share Posted August 3, 2012 Best to change it at a place like Super Rich before you leave Bangkok. Better rates than at the airport. Let's try this over in the Banking forum. Topic Moved. I totally agree with the above statement Never change change Baht to Australian in Australia upon your return. You loose heaps. Just google exchange rates from Australian banks and you will see. Link to comment Share on other sites More sharing options...
sysardman Posted August 3, 2012 Share Posted August 3, 2012 Change it at BKK airport. Travelex is the only airport currence changers in AU. They will give you about 5 baht per dollar less than anywhere else. If you get 25 baht in the $ you are lucky even though the exchange rate is about 32. BKK airport will probable give you 29.5 to 30 baht per $ I think airports are about the worst place to change money - I personally would shop around the banks to see if they will do it. UOB has always given me good rates. Link to comment Share on other sites More sharing options...
bat69 Posted August 3, 2012 Share Posted August 3, 2012 I also think Super Rich would be yr best option. That is all I use when in Thailand. Best rates exchanging both ways. Link to comment Share on other sites More sharing options...
BookMan Posted August 3, 2012 Share Posted August 3, 2012 We did this Topic just 2 weeks ago ... so some more information for you. Changing Thai Baht In Oz Or Here? Yes, some good information on that thread Link to comment Share on other sites More sharing options...
David Mault Posted August 3, 2012 Share Posted August 3, 2012 Don't change it in Australia unless you want to be robbed by the filthy rich Australian Banks. From experience. Link to comment Share on other sites More sharing options...
Pib Posted August 4, 2012 Share Posted August 4, 2012 (edited) By looking at today's/3Aug 12 Buying/Selling Rates at Commonwealth Bank in Oz and Bangkok Bangkok Bank in Thailand you would need to give Commonwealther 36.58 baht (there Buying Rate for Thai Baht) to get 1 AUD and give Bangkok Bank 33.375 baht (their Selling Rate for AUD) to get 1 AUD. That's a 9.6% lower exchange rate given by Commonwealth...ouch!!!! And for those folks sending AUD to their Thai bank accounts always send in AUD and let the Thai bank exchange the money because your home country bank most likely won't give you a very good exchange rate when sending money either. From looking at the exchange rate on the Commonwealth page it sucks. Outside to Thailand, the Thai baht is not really a sought after/widely used currency like USD, GBP, EURO, etc., therefore, you don't get a very good rate outside of Thailand. And as mentioned, when sending money to Thailand don't let your home country bank convert to baht before sending as you'll get a lower exchange rate....let the Thai bank do the conversion. And of course some banks--the really greedy ones--just have lousy exchanges rates for any currency. Fees-R-Us is their motto. Edited August 4, 2012 by Pib Link to comment Share on other sites More sharing options...
12DrinkMore Posted August 4, 2012 Share Posted August 4, 2012 If you are heading back to Thailand in the next year or two, open a bank account and leave it there. Link to comment Share on other sites More sharing options...
ruddy2000 Posted August 5, 2012 Author Share Posted August 5, 2012 OK so I changed some in city at kasikorn (only bank that was open!) And got 33.60 Then got to BKK airport only to find that Siam commercial had a better rate at 34.09! There goes the theory that its always more of a Rip off to change it at the airport! It was actually better there! Sent from my Desire HD using Thaivisa Connect App Link to comment Share on other sites More sharing options...
ruddy2000 Posted August 5, 2012 Author Share Posted August 5, 2012 OK so I changed some in city at kasikorn (only bank that was open!) And got 33.60 Then got to BKK airport only to find that Siam commercial had a better rate at 34.09! There goes the theory that its always more of a Rip off to change it at the airport! It was actually better there! Sent from my Desire HD using Thaivisa Connect App Link to comment Share on other sites More sharing options...
simple1 Posted August 5, 2012 Share Posted August 5, 2012 OK so I changed some in city at kasikorn (only bank that was open!) And got 33.60 Then got to BKK airport only to find that Siam commercial had a better rate at 34.09! There goes the theory that its always more of a Rip off to change it at the airport! It was actually better there! Sent from my Desire HD using Thaivisa Connect App You've misunderstood, if exchanging from baht to A$, the rate of 34.09 means you would have received less A$ Link to comment Share on other sites More sharing options...
sysardman Posted August 5, 2012 Share Posted August 5, 2012 OK so I changed some in city at kasikorn (only bank that was open!) And got 33.60 Then got to BKK airport only to find that Siam commercial had a better rate at 34.09! There goes the theory that its always more of a Rip off to change it at the airport! It was actually better there! Sent from my Desire HD using Thaivisa Connect App You've misunderstood, if exchanging from baht to A$, the rate of 34.09 means you would have received less A$ This is a perfect example of how the banks and money exchangers make their money taking advantage of brain fuzzed travelers who are really just thinking about getting home. Maybe should have used a money calculating app on that Desire HD (or come to me I'd have given him 35 ) Link to comment Share on other sites More sharing options...
Pib Posted August 6, 2012 Share Posted August 6, 2012 (edited) OK so I changed some in city at kasikorn (only bank that was open!) And got 33.60 Then got to BKK airport only to find that Siam commercial had a better rate at 34.09! There goes the theory that its always more of a Rip off to change it at the airport! It was actually better there! Sent from my Desire HD using Thaivisa Connect App You've misunderstood, if exchanging from baht to A$, the rate of 34.09 means you would have received less A$ Yeap, rudy2000 had to give the airport "more" baht to get each AUD; therefore, he lost out in the exchange. He got 1.5% less at the airport. Or use an analogy, the airport had a price tag of B34.09 on each AUD it was selling (like paying B34.09 for a bottle of beer) and the bank had a lower price tag of B33.60 on each AUD (like paying B33.60 for a bottle of beer). A person needs to understand the difference in Buying and Selling rates "and what currency they are buying or selling" otherwise they'll get the exchange rate reversed in their brain. But it's not reversed in the brain of the money exchanger. Edited August 6, 2012 by Pib Link to comment Share on other sites More sharing options...
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