Australian Dollar in Patts

[wbennetts 1]

Just wondering what the Baht rate to the Aussie Dollar is in Pattaya at the moment. "XE" money converter shows 31.23. Is this close.

 

Thanks.

[Old Salty 3]

Just go to www.scb.co.th than open SCB Qick Links and go to exchange rates and you will find a rate of 30.5 Baht for 1 A$ (note)

Old Salty

[wbennetts 1]

Thanks. Will keep tabs on that link.

 

Wayne

[Jboy 8]

That seems like a good link but be aware that when u r in Thailand u need to compare a few banks and then one of the independent exchanges...often they are offering rates above the banks and no fees as well.....a tip I learnt on my first trip.

[Gonzo 419]

Australians are lucky at present with their good exchange rate. There is no guarantee it will stay this high for any prolonged period. Look at what happened to the British Pound, the Euro and the US$. They never recovered from their lofty heights. It was not so long ago in 2008, when the Aussie slumped from THB 30 down to THB 21. Should the Chinese and the Indian economy take a breather, our currency is bound to take another dive, as it is solely dependent on the export of commodities to those countries. Make provisions for future trips if you can. Open a Thai bank account and leave some money there in THB. This is only my opinion, but it worked for me in the last few years. Others might have different ideas.

[stevoman 2]

That seems like a good link but be aware that when u r in Thailand u need to compare a few banks and then one of the independent exchanges...often they are offering rates above the banks and no fees as well.....a tip I learnt on my first trip.

 

I've been changing money at Bank kiosks all over Pattaya for years and have never had to pay a "Fee", some of the private licensed exchange shops often offer the best rates, the one that immediately comes to mind is opposite "Champagne" on LKMetro!

[exwannabe 1]

I've been changing money at Bank kiosks all over Pattaya for years and have never had to pay a "Fee", some of the private licensed exchange shops often offer the best rates, the one that immediately comes to mind is opposite "Champagne" on LKMetro!

 

Of course you pay a fee. Look at the exchange rate you are given, and what the interbank rate. The difference is your fee.

 

You can see this even easier at the places that have posted prices both for TC and cash. The cash will always get a poorer exchange rate. This is the bank's fee (whereas for TCs they charge the fee per check).