Getting 1,000 GBP in CASH

[gerryBScot]

It's been a while since I was back in the UK but I'm headed back soon. I'm never very good with currency exchange but my understanding is the baht is strong against the pound. I reckon I'll need about 1000 GBP in cash. What's the best way to get it given all my liquidity is in baht. Change in BKK or wait until I arrive in the UK? Any advice gratefully received.

[Jiu-Jitsu]

Change in BKK. Currently, you'll pay 45.55 baht for each £1 at Superrich: http://www.superrich1965.com

 

 

[KhunBENQ]

57 minutes ago, Jiu-Jitsu said:

Change in BKK. Currently, you'll pay 45.55 baht for each £1 at Superrich: http://www.superrich1965.com

 

 

Absolutely.

Don't take Baht to UK.

 

[Jiu-Jitsu]

Make sure to take note of the particular branches, shown behind the link, that will sell you £s. 

[chiang mai]

Any major bank really, unless you want to squeeze the last baht out of the deal, in which case go to Super rich. Do not exchange outside of Thailand. If using a major bank, you may have to order a few days in advance and wait while they collect it from their branches.

[Jiu-Jitsu]

3 hours ago, chiang mai said:

Any major bank really, unless you want to squeeze the last baht out of the deal, in which case go to Super rich. Do not exchange outside of Thailand. If using a major bank, you may have to order a few days in advance and wait while they collect it from their branches.

 

So order a few days in advance and get an inferior rate??

 

Bangkok Bank currently  46.32. Nearly a difference of 2%. Hardly squeezing the last baht....

 

Also Yenjit, close to the airport: http://www.yenjit.com/branchrate/bangkok.php Currently 45.4

Edited August 16, 2016 by Jiu-Jitsu

[gerryBScot]

Thanks for the advice, really helpful. I suspect the rate will improve in favour of the baht in the short to medium term so will wait until the last minute.

[chiang mai]

29 minutes ago, Jiu-Jitsu said:

 

So order a few days in advance and get an inferior rate??

 

Bangkok Bank currently  46.32. Nearly a difference of 2%. Hardly squeezing the last baht....

 

Also Yenjit, close to the airport: http://www.yenjit.com/branchrate/bangkok.php Currently 45.4

 

Two points:

 

1 - you get the rate on the day that you buy the currency, not on the day that you order it, if you don't like the rate that day, buy it the next day.

 

2 - the OP is buying GBP with THB hence the rate is not 46.32, the average buy rate for GBP using THB is currently 0.0216694 and the difference between all banks is almost not measurable.

 

https://daytodaydata.net/

 

[Jiu-Jitsu]

17 minutes ago, chiang mai said:

 

Two points:

 

1 - you get the rate on the day that you buy the currency, not on the day that you order it, if you don't like the rate that day, buy it the next day.

 

2 - the OP is buying GBP with THB hence the rate is not 46.32, the average buy rate for GBP using THB is currently 0.0216694 and the difference between all banks is almost not measurable.

 

https://daytodaydata.net/

 

 

Your assumptions are erroneous. Inverse rates are not Sell rates.

 

The Bank Note selling rate is 46.32: http://www.bangkokbank.com/BangkokBank/WebServices/Rates/Pages/FX_Rates.aspx

 

Utilising your own link;

 

 

As you can see, the bank rates are at least 2% off the independent rates and all the way up to 3.77%.

You've got it quite wrong.

Edited August 16, 2016 by Jiu-Jitsu

[chiang mai]

Oh, OK then!!!

[blackcab]

As noted, use Super Rich or Vasu. Sometimes there is a very small difference. Vasu is normally slightly easier to get to.

 

Don't forget to take your passport - they will make a copy.