Best Place To Change Baht?

[Briandajew]

Wonder if anyone knows a decent place to exchange Thai Baht to Chinese RMB?

I need to go to China next week and wondered if anyone has any ideas as to where the best rate of exchange would be for Thai Baht. I would have thought from past experience going to Europe that it might actually be better to try to buy Yuan here from a bank or an exchange bureau. When I tried changing Baht in the UK last trip, they gave terrible rates, nothing like what is shown online.

I need to change between 50K and 80K, depending on the rates, the exchange online reckons 50K Baht should equate to around 10K Yuan, anyone had any experience of exchanging Baht inside China and if you can get a decent rate?

Thanks

[PalMan]

Baht are such an unimportant currency that anywhere outside Thailand will require a lot more margin to make it worth their while stocking/taking it.

Do all your bath exchanges in either direction inside Thailand.

Edited May 21, 2013 by PalMan

[Briandajew]

Baht are such an unimportant currency that anywhere outside Thailand will require a lot more margin to make it worth their while stocking/taking it.

Do all your bath exchanges in either direction inside Thailand.

Thanks!

Do you know if you can buy RMB from one of the major banks, like the SCB?

[Crossy]

Try SupeRich http://www.superrich1965.com/

[Briandajew]

Try SupeRich http://www.superrich1965.com/

Thanks for that one, and the rates look quite reasonable, I am in Chiang Mai, but it might be possible to get an earlier flight and nip out of the airport.

[samran]

Where there is a huge gap between 'buy' and 'sell' rates for two currrencies means there isn't a deep market between them.

As such, change your baht to USD, take your USD to China and change them to RMB there. That way you'll get as close as possible to the 'real' exchange rate, even though you are adding one more transaction to that step.

[PalMan]

Personally I think there'd be enough volume in renminbi that the double-exchange wouldn't work out better.

But if you're not sure, split it down the middle do an A/B test and then let us know for prosperity!

(actually posterity but I like the deepity)

[rawhod]

Try SupeRich http://www.superrich1965.com/

Thanks for that one, and the rates look quite reasonable, I am in Chiang Mai, but it might be possible to get an earlier flight and nip out of the airport.

You do know that there is a Super Rich in Chiang Mai?

[PalMan]

And lots of local trade in yuan up north, probably more likely to get it at a decent rate there.

[Thongkorn]

Try The Chinese money changers in Bangkok.

[craigt3365]

I would think hitting an ATM once you are there would give you the best exchange rate???? Have some USD or Euro as backup just in case.

[chiang mai]

Try SupeRich http://www.superrich1965.com/

Thanks for that one, and the rates look quite reasonable, I am in Chiang Mai, but it might be possible to get an earlier flight and nip out of the airport.

There's a Superrich in Chiang Mai on Loi Kroh Road.

[Briandajew]

Try SupeRich http://www.superrich1965.com/

Thanks for that one, and the rates look quite reasonable, I am in Chiang Mai, but it might be possible to get an earlier flight and nip out of the airport.

You do know that there is a Super Rich in Chiang Mai?

Thank you, no I didn't know, do you know where it is?

[Briandajew]

Try SupeRich http://www.superrich1965.com/

Thanks for that one, and the rates look quite reasonable, I am in Chiang Mai, but it might be possible to get an earlier flight and nip out of the airport.

There's a Superrich in Chiang Mai on Loi Kroh Road.

Thanks a lot!

[Thongkorn]

There are a few Chinese money changers in Bangkok, I change my £ to baht, the always give me a bit more than the going rate, try them. they are around Nana Sky train station.

[PalMan]

SuperRich is better than most, in fact never seen another place give a significantly better rate so far, especially if you're negotiating for a large transaction they're the best.

[Briandajew]

I would think hitting an ATM once you are there would give you the best exchange rate???? Have some USD or Euro as backup just in case.

I have no ATM cards, all I keep is an old UK Visa card for emergencies. Thailand scares me with the amount of ATM scams.

[Briandajew]

SuperRich is better than most, in fact never seen another place give a significantly better rate so far, especially if you're negotiating for a large transaction they're the best.

I will give them a call tomorrow - The Chiang Mai branch, it does however seem that they do not sell currencies at all of their branches, nor do they offer the same rates outside of Bangkok - i.e. Chinese Yuan was advertised in BKK at 4.79, and 4.65 outside! Quite a mark up, but significantly better than anything you would get from the SCB!

The buy rates were even worse, 4.89 at Super Rich, 5.44 at SCB - I need to get about 50-60K Baht changed.

Thanks for the suggestions, I think I will take a chance with Super Rich.

Years ago, a friend took me to some small town outside of Chiang Rai to change the RMB I had left after working in China, we got almost 35% more in a Chinese shop up there than you could get in a bank here.

[PalMan]

Looks like this is an example of where you can't find out everything on the Internet.

Like I said, do half best you can up there in RMB the other half into USD and then report back here which worked out better for you.

Edited May 22, 2013 by PalMan

[topt]

Looks like this is an example of where you can't find out everything on the Internet.

Like I said, do half best you can up there in RMB the other half into USD and then report back here which worked out better for you.

I can tell you at the moment in China you will get around 6.1 RMB per $USD (I did 2 weeks ago) - but the rate is slowly dropping and maybe now just below 6.1.

Compare that to the baht/$ and baht/RMB rate you can get now in Thailand and see which is best.

[Stradavarius37]

Best place to change baht? At an origami store...