Cost Efficient Way To Exchange A Few Hundreds U.s. Dollars Into Bahts In Bangkok?

[Naam]

My guess is your sending bank charged a fee and/or did the conversion before sending to Bangkok Bank

BINGO!

[Naam]

The data attached appears to come from a german bank, ComDirect. It does show the market rate only. Not the selling price.

Perhaps you are tired today and didn't take a look at the attachment. That's ok, I won't judge you...

the data Comdirect displays are mid rates fed by Thomson Reuters. the variance buy/sell is a steady 11 Satang up/down for TT transfers. cash exchange may vary considerably.

[samran]

So if he changed less than $500 he has basically cover his taxi fare or BTS fare, getting there...

Have you heard of monthly BTS trips? Wherever I go it's deducted from the number of trips I purchased. Don't focus too much on trivial details that even a dog would think about, but more on the best way to get your money back into baht.

By the way, it appears more interesting to go to a good currency exchange booth if we have a lot of cash than making a wire transfer or withdrawing from an atm machine.

Have you heard about the concept called 'opportunity cost'?