Re: Request regarding TT Currency Exchange
Quote:
Originally Posted by
Uranus
Are you really bringing Sterling in cash?
What would be the problem with that? I always travel with a lot of cash as you get the best exchange rates/lowest fees. I used to transfer Euros to Indonesia, but the fees and bad rate they applied made me stop doing that.
You can take 10k€ out of Europe without a problem, when I take more, reporting it and showing the bank slips you took it from your saving account is all you need to do. Entering the foreign country, Indonesia in my case, you just report the money and that's it. Nothing charged or difficult to do. Did that several times already and even with very big amounts it all goes smooth.
Re: Request regarding TT Currency Exchange
Saturday October 8, GBP 43.15 at 1800
Re: Request regarding TT Currency Exchange
How are the expat brits getting on with the low exchange rate ? A friend of mine who lives in Pattaya full time , has told me he may have to think about returing to the UK , if the rate fall much further, as he would find it hard to make the 800 000 needed for his next visa app
Re: Request regarding TT Currency Exchange
Quote:
Originally Posted by
aot871
he would find it hard to make the 800 000 needed for his next visa app
Of course if stuck he can simply do what I believe many others do which is borrow the required excess amount needed to bring him up to the 800000+ mark on a two or three day short term loan - expensive way around the problem but does the trick I'm told.
Re: Request regarding TT Currency Exchange
I take a big wad of sterling cash with me, no problems.
For opening a bank account, since you walk out of the bank with the passbook and card, it is possible to use the hotel address. It's worked just fine for 5~6 years so far with me.
As for the effect of exchange rates on us Brits, well those on fat final salary pensions, with no control on where the money is invested & no other investments just have to live with the exchange rate risk.
Those of us who do not have the fat final salary pensions can often choose to our defined contribution schemes & ISAS elsewhere.
My portfolio is so diversified that both the Sterling and Dollar value has gone up since the Brexit vote. There will be a psychological hit when converting my money, but considering the way my portfolio has compensated for the fall in sterling, I shall get over it very quickly.
Anyhow, since the UK has been running a fairly extreme trade deficit for a few years, a fall in sterling has been inevitable.
Re: Request regarding TT Currency Exchange
Quote:
Originally Posted by
Nirish guy
Of course if stuck he can simply do what I believe many others do which is borrow the required excess amount needed to bring him up to the 800000+ mark on a two or three day short term loan - expensive way around the problem but does the trick I'm told.
Nirish, it would need to be at least a 91 day loan! That Bt. 800,000 balance has to be in the account for a minimum of 90 days prior to the date of renewing the retirement visa.
I'm an expat Brit but thankfully most of my cash is in Hong Kong where the local $ is linked to the US$. I don't have enough diversification, though, and have to get round to that soon.
Re: Request regarding TT Currency Exchange
Quote:
Originally Posted by
neddy3
Saturday October 8, GBP 43.15 at 1800
Thanks neddy3, precisely what I was after! Date, time, rate. On seeing the amount of replies I thought great, but when I started reading them I was glad to find there was at least one which actually answered the question. Much appreciated.
Re: Request regarding TT Currency Exchange
Monday October 10, GBP 43.23 at 1100
Re: Request regarding TT Currency Exchange
At 13:55, the xe currency converter has the rate at 43.3986. Since currency exchange booths will normally give a little less than that, you can easily get a very good idea of the rates here on-line at -
http://www.xe.com/currencyconverter/...rom=GBP&To=THB
Re: Request regarding TT Currency Exchange
"I take a big wad of sterling cash with me, no problems."
Well at little over 43 per GBP, you will need a much bigger wad than last year when it was 52+.
In answer to the question..."what will the Brits be doing?"...well Ive already booked so wont cancel (this year) but I will certainly be cutting back when I get there due to the roughly 20% reduction in my baht.
It really adds up over 3 months of whoring and drinking!