belfastish Posted November 4, 2008 Report Share Posted November 4, 2008 im not great with exchange rates etc,but basically when i was travelling a few weeks ago in thailand the aussie dollar dropped and i spent a lot more than normal,also i was lifting 10k baht at a time and getting charged for it. im traveling asia on 28th dec for maybe 2-3months and i want to make the best of my money,i will have about 25k au/$ but i also have in a uk account 8k GBP,i know it may change but would it be wiser to use the GBP rather than the aussie dollar? also i may open an account that doesnt charge to lift money from an atm,i know theres a few banks in uk which doesnt charge but not sure which ones,also could my family open an account for me on my name if im not in that country? thanks for any replys Link to comment Share on other sites More sharing options...
Dexi Posted November 4, 2008 Report Share Posted November 4, 2008 Nationwide does not charge a fee for using an atm card abroad....not sure how easy it would be to open an account though if your not a UK resident...also may have to sign etc....as regards currency issues ...things dont look too good for the GB pound at the moment :thumbdown: Link to comment Share on other sites More sharing options...
Faustian Posted November 4, 2008 Report Share Posted November 4, 2008 Avoid the pound...I not changing any until things improve. http://www.xe.com/ucc/convert.cgi Is showing 56 baht to the pound today....shocking! It was 67 only a couple of months back. Link to comment Share on other sites More sharing options...
belfastish Posted November 4, 2008 Author Report Share Posted November 4, 2008 i am a uk resident just havent lived there in 3 yrs,hmm i hope it all changes by christmas time,its alot of money down the pan!! i always give a 20baht tip for drinks now thats nearly a au/dollar Link to comment Share on other sites More sharing options...
HeartThais Posted November 4, 2008 Report Share Posted November 4, 2008 Aren't you guys thinking about this backwards? If you think sterling is dropping, you should convert it into Baht now... My best guess is that sterling stays relatively stable vs. baht and depreciates vs. dollar. Link to comment Share on other sites More sharing options...
LizardKing Posted November 4, 2008 Report Share Posted November 4, 2008 "need a bit of financal advice" Buy low...sell high...? Buy on rumor...sell on fact? Link to comment Share on other sites More sharing options...
HeartThais Posted November 4, 2008 Report Share Posted November 4, 2008 Okay, prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it. Link to comment Share on other sites More sharing options...
Dexi Posted November 4, 2008 Report Share Posted November 4, 2008 Good point....I`m not an expert on these matters as you can probably guess....if I could accurately predict currency movements I`d be shacked up with several cuties in Pattaya :hubba: ,not sat here in Farangland freezing my a**e off.... Link to comment Share on other sites More sharing options...
CTO Posted November 5, 2008 Report Share Posted November 5, 2008 Trouble is in Australia to buy Baht you get hammered on the exchange rate - mush better rate buying it here - which Bettafish can't do till he's here. If he has a friend he trusts with a Thai bank account he could send A$ to the bank account - it'll get changed at a good rate compered to Australian Banks changing to baht and sending Link to comment Share on other sites More sharing options...
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