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Re: Money money money exchange rates!!!???
xe.com used to be like .5 off, but this is 5 Baht in every Pound? Never been like this before???
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Originally Posted by Nemo.
Normally arbitrage would equalise the price
ie I send 10,000 pounds at 70 baht to my Thai account and get 700,000 Baht
I then send my money back at 65 Baht (market rate) and I get 10,769 pounds
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Yeah I understand that but that's now what's happening mate! It's working both ways!
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Originally Posted by Om Bak
Just a guess, maybe the bank you are using has a different chief currency dealer now. I can go to 3 different banks and get a difference of 2-3baht selling NZD to baht.
Another guess, if you change large amounts alot of banks can give you higher than the retail rate.
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All the banks I've checked are giving 68-69 Baht to the Pound, all the currency websites are saying 65 or so....wasn't a great deal of cash at all!
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Last edited by kenkannif; 27th April 2007 at 17:39.
Reason: Automerged Doublepost
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