Thread: Why have a Foreign Currency Account in LOS?

I will be transfering a fair bit of cash from UK in a month or so, and I was wondering whether to bring it in in GBP?

What do you think Gents?

You will get a better interest rate with a sterling FCD

Todays rate for GBP on 6 months deposit is 4.25%

^Agreed! If you change it to Thai baht before it leaves the country, you only get the bank buying rate. This is usually well below the sterling transfer rate and worth checking out.

Originally Posted by Loombucket

This is usually well below the sterling transfer rate and worth checking out.

I'm not sure if that is still true.
I think the onshore and offshore rates have merged now