taking baht out

[forest51 2]

Was wondering if anyone knows how much baht u can take out of thailand when leaving???

 

Thought good idea to cash up with baht while exchange rate is so good.

 

Thanks in advance for ur reply..

[halfaboy 31]

I found the follownig info on the web (link: http://www.samui-finder.com/en/koh-samui-i...y-in-thailand/).

 

Import and Export of Currencies

Import: You are allowed to import any currency in any amount to Thailand – including the Thai Baht! If you take foreign currency in value of more than US $ 10.000 US $ into Thailand an import declaration at the customs at arrival is recommended in your own interest. Otherwise you may run into problems if you take the amount out of Thailand again – see below.

 

Export: In case you export foreign currencies in value of more than US $ 10.000 US you have to prove the former import of the money at the immigration. In case you get searched – which is rather rare for tourists – the customs could confiscate your money as a provision against money laundering, etc. The export of Thai Baht is restricted to 50.000 Baht (about 1250 Euro or 1500 US $) per person. You are however allowed to export up to 500.000 Baht to Thailand’s neighbouring countries of Malaysia, Cambodia, Vietnam, Laos and Myanmar.

[joekicker 53]

halfaboy has it quite well.

 

You can easily send out Thai baht through a bank branch, so long as they believe it's legit. Carrying huge amounts of baht beyond Burma/Laos/Cambodia, you might as well carry a sign saying, "I am smuggling money". USUALLY they won't catch you but if they do, you'll lose it. Let's face it, there is one main reason you'd want to take a huge amount of baht beyond this region - and the customs people know that. Unless you're that desperate, export it through the banks.

 

And of course if you ARE exporting to Laos/Burma/Cambodia, then half a million is the threshhold for now.

 

Why would you want to hold the baht far overseas if the rate is so good? Buy the foreign currency in Thailand. As soon as it leaves Thailand, the rate changes quite a bit and you're in Crappyrateland anyhow.

 

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[Sailfast 503]

I assume the OP is most probably talking about Australia so I'm going to suggest that you do some research on your countries currency laws. If they are similar to the USA, then you should be aware of what you are getting yourself into.

 

I would certainly not risk breaking Thai currency transaction law. Somehow I doubt you would ever see the money again if they caught you.

 

The following relates to the USA:

In the USA if you are carrying over 10K in cash and do not declare it, you risk having it confiscated, as well as jail time and fines.

This may sound silly, but, if you are trying to hide money, declare it. The IRS gets thousands of CTR forms filed every day. The vast majority get filed and never seen again. However, if you try to get sneaky, lie or are vague and they catch you, even if you have less than 10K, you risk investigation at a later date. At the VERY LEAST they will investigate to decide if they will investigate. I would not want the IRS poking around my anus deciding if they will plunge further.

The same goes for casinos. If you try to get sneaky and someone decides to file an SARC, you risk bringing down the IRS shitstorm.

 

If you are saving the money for a later holiday, why not just open a Thai bank account. I opened one at Kasikorn Bank last year. You can transfer money or, if you carry in cash or t.c. you can do everything in one transaction and withdraw as needed with your ATM. Much easier than baking in the sun waiting in line with stinky shirtless fucks.

[nidnoyham 30]

Just a thought, but if the local Aus ex rate is on par with the Brit one, you may be dissapointed at how much you get by changing Baht to AUD.

 

I was in T4 LHR, a few weeks back and one outfit was buying THB at 55 to the GBP ( and selling at 42) how many of us Brits, would like to buy THB at 55 for a quid?

 

The more you change up, the more it will dissapoint old son.

Edited October 18, 2010 by nidnoyham

[Regyai 415]

Why bother

 

 

Open a Thai bank account while youre there

 

 

Chop up as many Aussie Dollars as you fancy and plant them there

 

(youll also have the added advantage that if the rate gets even better while youre back in Aus you can transfer more dollars as and when you like to take advantage)

 

 

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[Fondles 94]

I left a week ago with 750K baht on me... the limit is 50k though.