Best day of thevweek to change USD for THB

[stament]

I read on here that friday is a bad day generally for exchanging into THB, so the opposite Q, what generally is the best day of the week for exchanging into THB and why?

 

Thanks

[Rob13]

Best to look at a graph for the past year or so of the daily exchange rates. Maybe there's a day that routinely has a better rate. I pretty much doubt it though.

Edited September 6, 2016 by Rob13

[chiang mai]

Avoid times when the FOREX market is closed to large dealers, weekends and Monday AM, Friday PM can also be less than optimal as a result of dealers squaring their positions.

[stament]

ah ok so tues, weds or thurs generally thsnks for the tip

[bartender100]

Yup, change on a Wednesday instead of Friday on $1000 you will save B100, or if the markets are against you, you will lose B100 such a difficult decision, if we knew the answer we would all make money

 

How much are you changing? OP just out of interest

[Pib]

Just go to FX sites to look at data, numerically or graphically.  Like below is a snapshot from XE.com for the USD-THB for the last week.  Bank/money exchanger rates will follow the FX rates.  And I'm sure you find each week to be different as world/financial/political/news/what FX traders had for lunch makes FX rates vary.

 

http://www.xe.com/currencycharts/?from=USD&to=THB&view=1W

[stament]

9 hours ago, bartender100 said:

Yup, change on a Wednesday instead of Friday on $1000 you will save B100, or if the markets are against you, you will lose B100 such a difficult decision, if we knew the answer we would all make money

 

How much are you changing? OP just out of interest

 

It was more a generic Q. As I said I recall someone saying Fri was generally a bad day tomsell USD.

 

On this occassion only 100k

 

[chiang mai]

10 hours ago, Pib said:

Just go to FX sites to look at data, numerically or graphically.  Like below is a snapshot from XE.com for the USD-THB for the last week.  Bank/money exchanger rates will follow the FX rates.  And I'm sure you find each week to be different as world/financial/political/news/what FX traders had for lunch makes FX rates vary.

 

http://www.xe.com/currencycharts/?from=USD&to=THB&view=1W

 

Indeed every week will be different but there is likely to be some commonality. In the example you posted for example the rate is subdued on the morning of Monday, 5 September, until such time as FOREX opens for business when it takes off, that is one aspect that will be similar every week when looking at USD/THB - my comments above were not about when is the best time to buy/sell but when are the times to be avoided and your graph supports that view.