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  1. #26
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    I'm going to Thailand in October for 3 weeks, is it better to change your money at home (I'm from the UK) and to travel around with a bunch of money or change it there when you need to? I don't want to be robbed, but I also don't want to pay high fees there. Thanks!

  2. #27
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    If it's for 3 weeks bring sterling and change at one of the booths. Don't change at the airport other than a small sum to tide you over. Don't use the banks, their rates are not competitive. As sterling is weak compared to the baht use your credit card for purchases

  3. #28
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    OK Thanks for your advice, so changing money in the UK is more expensive than changing it in Thailand, right?

  4. #29
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    Yes

    But check the rates with Google to prove it to yourself. a month ago the difference was 49.35 and 50.00

  5. #30
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    Quote Originally Posted by setaputra
    Don't use the banks, their rates are not competitive.
    WTF?? Can you tell us what the booths are dealing and what the BKK is dealing? Almost certainly you'll get a better rate at BKK bank.

  6. #31
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    9999 Disinformation at its best!!

    Get off your arse, go to BKK and get the rate. Go to the booths and get a rate. And note the difference

    Why are giving out wrong information? The booths give a better rate because they have higher turnover than the branch network

    BKK are usually better than the other banks because of their connections with BKK in London and Citibank

    9999. if you don't understand currency trading at least don't mislead people

  7. #32
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    ^ Are you for real? The booths in tourist area give better xe rates than BKK bank? What about the BKK bank booths, they are lower than Jonny Chans yellow van money changer??

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    Then post the current rate of Bkk and the money changer rate and prove your point.

    If the bank rates were so good all the changers would be out of business but they are not. They buy and sell wholesale and have lower overheads and high currency turnover.

    My advice is for punters to check themselves. This 9999 guy is giving dangerous advice though I don't know why

    I'm wasting no more time on him

  9. #34
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    As of 11.51 Thai time today

    Selling sterling cash, buying baht Bangkok bank 48.80
    Super rich money change 49.55

    Google it, pooltime, but you have your answer

    When you bring your cash over from the UK bring a pinch of salt as well, you'll need it reading some of the Thai forums

  10. #35
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    what a tosser. BKK is giving 48.80 and the tourist vans are giving 49.55? You're full of shit and just trolling. Either that or completely clueless.

  11. #36
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    49.55 is a better rate than 48.80 as everyone will agree

    In think you're the troll shit arse or do you think 48.80 is a better ratev to buyb at than 49.55

    arsehole, you should not be allowed to post disinformation on any forum. you're either a bloody drunken menace or a keyboard warrior shit stirrer

    Do the maths skunkhead and stop flaming me. you'll only get worse by return

  12. #37
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    Get fired up why don't you. No worries. Lucky Jonny's mobile currency van is giving best price in the world for pounds to baht and you also get a free kebab after 11:00 PM. The spreads are so tight at these joints that shrewd playas like sep run from one to another around the BKK tourist traps arbitraging.

    There is no way someone like YOU could get 49.55 Baht for a quid today. But keep trolling.

  13. #38
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    Quote Originally Posted by setaputra
    If the bank rates were so good all the changers would be out of business but they are not. They buy and sell wholesale and have lower overheads and high currency turnover.
    This is how it works eh? So all those little booths are controlling the currency markets, the banks are small players. So I suppose all the currency coming to BKK bank exchanged by idiots like myself just gets sold on to some hole in the wall exchange booth?

  14. #39
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    9999, on this issue mate he could be right. I use Super Rich as well. The best rates changing throughout the day. Not like banks one set rate all day. Also there is no evidence you really even changed money. Just an piece of paper out of an older fashioned till. All airline staff use it, and you should see the poo dee types pulling up with literally suitcases of cash.

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    If you can find a better rate than a BKK bank foreign transfer then good luck. But people should not make out that the little tourist booths are competetive against the banks. Totally misleading. And what is the minimum transaction this superrich mob take? Is the average tourist that sep. is here to protect likely to run into them?

    It's wprth noting (rather than ignoring and flying off the handle) that the whole time I've been talking about my personal experience with transfers from overseas, where I get the TT rate. Today I get 49.31, maybe a bit less earlier. The 'booths' were not paying 49.55. That's obvious crap. But there are rumours of an obscure mob called super-rich with a slightly better rate than BKK TT for cash.

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  17. #42
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    Quote Originally Posted by aging one
    you should see the poo dee types pulling up with literally suitcases of cash.
    Yeah that's kinda my point and related to the original topic.

  18. #43
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    ^^ Will check it out, cheers.

  19. #44
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    But its been around since 1965. Hell they even have a branch in the Prongpong BTS station.

    I did not believe it until I saw it in action. Pratunam is the main branch. Opposite Central world and all that. They lost a fortune in business during the occupation of a few years back.

  20. #45
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    In general though, for small amounts of tourist cash, the money booths and the bank booths / counter cash rates are on par with each other. The BKK booth has the smallest spread I have seen for changing cash, but not by much (compared to the 'booths'), and this is Chiang Mai.

    So today, I could have walked up to superrich with 500 quid for a few days on the piss and they give me 49.55? I doubt it.

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    Quote Originally Posted by aging one View Post
    9999, on this issue mate he could be right. I use Super Rich as well. The best rates changing throughout the day. Not like banks one set rate all day. Also there is no evidence you really even changed money. Just an piece of paper out of an older fashioned till. All airline staff use it, and you should see the poo dee types pulling up with literally suitcases of cash.
    I checked the rates Aging One and quoted them. As you say the Thais and airline staff use them. Their rates for cash are keener. The op is coming here for a holiday and wants to change cash. He is not talking about telegraphic transfers.

    As you probably know, because you have used superrich and probably others, their volumes are higher for cash transactions which is why they can undercut the banks. I don't know why we have idiot comments about dealers controlling the currency markets. They buy wholesale from the banks which only goes to show how high theirv margins are.

    I've emailed the op privately and given him screen shots of bhh and super rich rates and now it's up to him

    I'm not protecting him. I'm given sound advice and with proof

    Get off your high horse 9999. On this subject you are wrong but you don't want to lose face. But flaming of course is your only way

  22. #47
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    If I'm wrong, then fine. But the cash rate for banks and booths are about the same. And yes you can get the TT rate, or close to it, if you're doing a large transaction, elsewhere, in cash. You make out like it's standard practice for tourist booths to give these rates on the street to all comers. All I'm doing is being skeptical and asking questions, then you go on a rampage.

    You're gonna have this poor guy on a wild goose chase looking for 'super-rich', only to be told he gets the standard rate unless he's changing a trillion quid.

  23. #48
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    Quote Originally Posted by setaputra
    I don't know why we have idiot comments about dealers controlling the currency markets.
    Because you crap on about how 'booths' undercut the bank on cash currency exchange, then quote a bogus rate not obtainable to the average tourist, or person in general, then spat off at me about quoting TT rates.

    Quote Originally Posted by setaputra
    But flaming of course is your only way
    I think it's you that's going overboard here mate. Your disinformation, failure to answer my question, and quoting of misleading, inapplicable xe rates, claims of being some currency guru yet failing to provide both sides of the spread of the beloved 'super rich', still have me thinking you;re a tosser, but that's about all the flame I got for you.

  24. #49
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    Go away 9999

    Yes you are wrong you've been quoting TT rates when the op is bringing in cash. You don't read other posters posts so I suppose it 's too much to expect yun to have read his! "But the cash rate for banks and booths are about the same." No , they are not which is why people changing cash go to dealers not banks, airline staff for example.

    You're gonna have this poor guy on a wild goose chase looking for 'super-rich', only to be told he gets the standard rate unless he's changing a trillion quid He gets the going cash rate like all tourists, no trillion minimum

    "then quote a bogus rate not obtainable to the average tourist" wrong again. the rate I qouted was the normal tourist rate obtainable at all the dealers including super rich

    i didn't quote the spreads because the op is only buying not selling baht. spreads have nothing to do with it, they are merely the profit margins made.

  25. #50
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    Quote Originally Posted by setaputra
    the rate I qouted was the normal tourist rate obtainable at all the dealers including super rich
    Are you sure about that? Must be different in Chiang Mai. I see the BKK bank booth right next to the yellow Van with almost the exact same rates (BKK slightly better but closes earlier).

    We can both call each other fuckwits then. I was quoting a TT rate, you're quoting a big cash transaction rate. Both irrelevant to the tourist. The booths don't beat the bank TT rate for cash on run of the mill exchanges, AFAIK.

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