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Calzoid
yep = I stand corrected.


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Posted on: 9:44 am on May 14, 2007
Mel Gibson
Important to remember that on-shore and off-shore rates are different. Always send money in local currency and get it converted in Thailand ( can get up to 8-10% better).
Mel.


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Posted on: 2:13 pm on May 14, 2007
Maco88

Quote: from Mel Gibson on 3:58 am on May 15, 2007

MG,

doing it this way whats are we aussies getting at the m, as I see the xchange rate showing about 27.30 on moment???? Would be at least 28.50 if sending in local currency and getting it converted in Thailand (bank)

Cheers


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Posted on: 10:34 am on May 19, 2007
Mel Gibson
Maco88, I sent across some money about 2 weeks ago,, converted rate AFTER comission was 27.6 BAHT.

Quite a difference from converting this end ( i.e sending Baht). That way it would have probably been around 23 BAHT.

Regards
Mel.


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Posted on: 4:45 pm on May 19, 2007
Mel Gibson
Most recent transaction got 28.15 BAHT on AUD,, clear.

Mel


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Posted on: 9:33 am on May 21, 2007
Gyaos
The Thai interest rates were lowered yesterday another 50 basis points to 3.5% to try and stimulate spending. The Bank now is taking a "neutral" position (i.e.: wait and see approach). Investors are expecting another rate decrease in 2008, maybe earlier as elections approach (when is that??)

IMHO, I think the outside excharge rate at 32.8 Baht has to be abolished and the Thai Government, whether elected or not, should get that stopped. The inside exchange rate is 34.8 baht, the correct rate, (and I am still waiting for a monger to go to the exchange rate kiosks at The Emporium and post what it is against the US Dollar. I want to know if they are doing inside or outside exchange rates). We really cannot have 2 exchange rates for one currency.

They also have to print much more cash than they have now. Maybe a new 1000 baht note to ward off counterfeiters, as an idea. Maybe create a 5000 baht note!

Gyaos.


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Posted on: 7:52 am on May 24, 2007
sai tai

Quote: from Gyaos on 9:37 am on May 24, 2007
I think the outside excharge rate at 32.8 Baht has to be abolished and the Thai Government, whether elected or not, should get that stopped. The inside exchange rate is 34.8 baht, the correct rate

Actually, if there was a single rate it would likely settle at around the 32.8 rate. The internal 34.8 rate is artificial and would never hold in market trading.


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Posted on: 4:35 pm on May 24, 2007
bustyboy
Exchange Rate USD/THB

For the last few weeks, I have noticed a big difference in the USD/THB exchange rate between Bangkok Bank rate and Yahoo rate. While as per Yahoo, THB have continued to strengthen in the last past few weeks from 34 to 32/32.50, the rate offered at Bangkok Bank have remained pretty the same at 34.70-80. I send monthly bank transfers overseas and have remained stable.

USD/THB at Bangkok Bank: 34.70 (for TT) on May 25, 2007
USD/THB at Yahoo: 32.52 (for TT) on May 25, 2007

Below link is a comparison Bangkok Bank - Yahoo dated May 25:

http://xs215.xs.to/xs215/07210/USDTHB250507.gif

What can explain such a big difference? Both rates are supposed to be "customer's rate" not inter-bank rates.


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Posted on: 3:54 am on May 27, 2007
Mel Gibson
$US Vs BAHT 32.04 and falling like a meteor.

P.S Any Aussies don't forget to give RTB a ribbing about Swiss Francs being almost worthless now,,LOL.

Mel.


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Posted on: 3:21 pm on June 26, 2007
don5252
just heard on Bloomberg,investment firms who do buisness in LOS are dumping dollars & buying baht in anticipation of a weaker dollar & stronger baht in the future


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Posted on: 6:35 pm on June 26, 2007
     

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