TheCorinthian Posted March 6, 2011 Report Share Posted March 6, 2011 If you were going to be in the LOS for a few months..... given the exchange rate and fees for either... Would you just bring a stack of greenbacks and use the money changers or would you use the ATM? Link to comment Share on other sites More sharing options...
Coss Posted March 6, 2011 Report Share Posted March 6, 2011 ATM, cant say if the rate is better than cash, but convenience is all... Link to comment Share on other sites More sharing options...
gene1944 Posted March 6, 2011 Report Share Posted March 6, 2011 ATM offers the best rate and you should use the Aeon bank machines to avoid the outrageous Thai bank 150 baht fee for each ATM cash withdrawal transaction. Link to comment Share on other sites More sharing options...
cavanami Posted March 6, 2011 Report Share Posted March 6, 2011 Bring Greenbacks. The ATM rate, at Aeon, is approx: 30.20 Bangkok Bank rate: 30.08 $100 USD at Siam Exchange: 30.4 Phone them to get the current rates. You can see that US dollars will give a higher rate, just check the Bangkok Bank rate and what is posted on Yahoo Finance. http://www.bangkokbank.com/Bangkok%20Bank/Pages/main.aspx http://finance.yahoo.com/currency-investing (type in for the USD <> Thai Baht rate) USD/THB [change] 30.456499 Link to comment Share on other sites More sharing options...
HSTEACH Posted March 6, 2011 Report Share Posted March 6, 2011 This is a good site that was posted a few months ago. Just plug in USD. http://bankexchangerates.daytodaydata.net/default.aspx Link to comment Share on other sites More sharing options...
Coss Posted March 6, 2011 Report Share Posted March 6, 2011 Bank of Thailand, average rates, daily Link to comment Share on other sites More sharing options...
TheCorinthian Posted March 6, 2011 Author Report Share Posted March 6, 2011 One issue is that my bank charges a fee for over seas withdrawals. It is based on the rate so figure $5 for every 15k atm withdraw. Link to comment Share on other sites More sharing options...
cavanami Posted March 6, 2011 Report Share Posted March 6, 2011 Big $100 US dollar bills. No fuss, no mess. Siam Exchange is near MBK, so do the exchange and then do MBK. I've been using Siam Exchange for the past several years and always the best rate in BKK. Link to comment Share on other sites More sharing options...
simie Posted March 6, 2011 Report Share Posted March 6, 2011 One issue is that my bank charges a fee for over seas withdrawals. It is based on the rate so figure $5 for every 15k atm withdraw. Even worse with UK banks, the wife withdrew 15,000B the other day using one of her UK cards. The Thai bank charged 150B and the UK one over £9. Pretty outrageous I'd say. Simie. Link to comment Share on other sites More sharing options...
gobbledonk Posted March 6, 2011 Report Share Posted March 6, 2011 This is something that hammered me when I stayed in BKK for 3 months, and will hammer me again when I go to Vietnam later this year, but I dont see any way around it. Keeping serious amounts of cash on you is probably OK for a 2-week holiday, but over a longer period I think its a potential disaster. Link to comment Share on other sites More sharing options...
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