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Originally Posted by JohnK
Looking at Thai baht exchange rates is not a good example since late last year/early this year the interim government implemented an "off shore" exchange rate and an "on shore" exchange rate. What you see on most websites is the "off shore" exchange rate which is around 2-3 baht lower than the "on shore" exchange rate. Be very careful which Thai bank processes the transaction as transactions through certain banks, Kasikorn is one example, come through at the lower "off shore" exchange rate.
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How incredibly sneaky of them.
We did notice that all the currency booths in Thailand were offering around 29 baht if you exchanged AUD in places like the MBK centre, yet here the cash rate from the Big 4 banks (always lower than the wholesale rate) was 24.5 baht. I guess the msg here is make sure you get your Thai Baht in Thailand.
Thanks JohnK, I must remember this for future.
