Changwatchap Posted October 11, 2016 Share Posted October 11, 2016 I thought this might be useful for anyone looking for decent rates. I recently came over from the UK and needed to change some money, so I asked around and made a note of each exchange rate. Obviously the rates will change but these were all taken on the same day, so i expect the trend remains the same. UK Banks: Barclays 42.0 Natwest 42.0 HSBC 42.5 Nationwide 45 Post Office 43.1 Thai Banks: Kasikorn 44.4 SCB 44.8 TMB 45.1 Bangkok Bank 45.3 Heathrow Airport 39.1 Suvanabhumi Airport: ~41 Superrich Green 46 Superrich Orange 45.6 Vasu exchange 45.8 ATM with 4.5% visa fee 43.4 Link to comment Share on other sites More sharing options...
Pib Posted October 11, 2016 Share Posted October 11, 2016 You can use below website to see/compare exchange rates in Thailand...it's updated throughout the day. You can select Notes, Cheques, Sight Bill, Draft, or TT Rates. https://daytodaydata.net/default.aspx Link to comment Share on other sites More sharing options...
Laughing Gravy Posted October 11, 2016 Share Posted October 11, 2016 I sent some back yesterday with TMB I got 43.9. Just for peoples info. Link to comment Share on other sites More sharing options...
Guitar God Posted October 11, 2016 Share Posted October 11, 2016 I'm surprised how bad they bone people at Heathrow. Link to comment Share on other sites More sharing options...
topt Posted October 11, 2016 Share Posted October 11, 2016 OP I am very surprised at the Nationwide rate as it seems too high compared to the Thai banks - that was in their branches? Link to comment Share on other sites More sharing options...
slippedisc Posted October 11, 2016 Share Posted October 11, 2016 (edited) Good rates, lowest fees & simplest hassle free service i've found for sending money (especially small amounts) from one country/currency to another online is Transferwise. You need a bank account in the 'to' country and a card or bank account in the 'from' country, but it really is simple & fast. 11/10/16 Fee (included) TransferWise charges as little as possible £ 2.31 Exchange rate guaranteed If TransferWise receives your £ 100 within 24 hours £ 1 ฿ 43.37850 Edited October 11, 2016 by cdnvic removed affiliate link Link to comment Share on other sites More sharing options...
SunsetT Posted October 11, 2016 Share Posted October 11, 2016 4 hours ago, slippedisc said: Good rates, lowest fees & simplest hassle free service i've found for sending money (especially small amounts) from one country/currency to another online is Transferwise. You need a bank account in the 'to' country and a card or bank account in the 'from' country, but it really is simple & fast. 11/10/16 Fee (included) TransferWise charges as little as possible £ 2.31 Exchange rate guaranteed If TransferWise receives your £ 100 within 24 hours £ 1 ฿ 43.37850 Last time I checked from within the UK, Thai baht was not available. I use Worldfirst.co.uk......No fees Link to comment Share on other sites More sharing options...
Colabamumbai Posted October 11, 2016 Share Posted October 11, 2016 The pound took a hit down today, blaming it on Brexit. Be lucky your not a Canadian, with 25 Baht to the dollar. Link to comment Share on other sites More sharing options...
ableguy Posted October 11, 2016 Share Posted October 11, 2016 Looks to me like you are comparing buying rates and selling rates, i.e. In the U.K. They will buy your baht for 42. In Thailand they will sell you pounds for 45. better ask for advice in future. Link to comment Share on other sites More sharing options...
likeke Posted October 11, 2016 Share Posted October 11, 2016 (edited) As I thought, Vasu has the highest rate of all. I only go there for money exchange. A no brainer. Be sure to bring a copy of your passport. Located on Sukhumvit Soi 7-7/1. Edited October 11, 2016 by likeke Link to comment Share on other sites More sharing options...
F4UCorsair Posted October 11, 2016 Share Posted October 11, 2016 10 hours ago, Guitar God said: I'm surprised how bad they bone people at Heathrow. And EVERY airport! Link to comment Share on other sites More sharing options...
Pib Posted October 12, 2016 Share Posted October 12, 2016 Definitely don't confuse Buying and Selling Rates and which way you areonverting currency. When in Thailand and converting from your home country currency to baht you use the Buying Rate and want the "highest" rate possible. Think of it as you want the buyer to give you as many baht as possible for your one unit of home country currency. However, when in Thailand and converting from baht to your home country currency you use the Selling Rate and want the "lowest" rate possible. Think of it as the lowest Selling price...that is, you need to fork out fewer baht to get one unit of your home country currency. Link to comment Share on other sites More sharing options...
jacko45k Posted October 12, 2016 Share Posted October 12, 2016 21 hours ago, Guitar God said: I'm surprised how bad they bone people at Heathrow. I am not. Link to comment Share on other sites More sharing options...
Changwatchap Posted October 13, 2016 Author Share Posted October 13, 2016 On 11/10/2016 at 9:58 AM, topt said: OP I am very surprised at the Nationwide rate as it seems too high compared to the Thai banks - that was in their branches? Yeah just walk in. I was surprised also, I expected the Thai banks would always pay better. Link to comment Share on other sites More sharing options...
Changwatchap Posted October 13, 2016 Author Share Posted October 13, 2016 (edited) On 11/10/2016 at 4:06 PM, ableguy said: Looks to me like you are comparing buying rates and selling rates, i.e. In the U.K. They will buy your baht for 42. In Thailand they will sell you pounds for 45. better ask for advice in future. No, these are all rates to buy Thai baht with GBP. It was obvious there was a seperate selling rate, which I avoided. As I said the rates will change, so don't waste time trying to find exactly the same rate now, I did it to compare the overall trend. Edited October 13, 2016 by Changwatchap Link to comment Share on other sites More sharing options...
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