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Anyone comment on travelex. Vs bank etc. I am sure SWMBO got thoroughly taken the other day. When buying Thai baht.
Anyone comment on travelex. Vs bank etc. I am sure SWMBO got thoroughly taken the other day. When buying Thai baht.
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Anyone comment on travelex. Vs bank etc. I am sure SWMBO got thoroughly taken the other day. When buying Thai baht.
Anyone comment on travelex. Vs bank etc. I am sure SWMBO got thoroughly taken the other day. When buying Thai baht.
No company outside Thailand can beat the exchange rate given by companies/banks inside Thailand. This is because the thai currency has two exchange rates - the inside thailand rate & the outside thailand rate. The Thailand government did this around the time of the asian currency / financial collapse to stop people being able to manipulate the currency.
The rate that the major banks in Australia give for Thai baht are terrible - can be around 10% lower. If you use someone like ozforex/hiforex the rate will be around 3-5% lower. The only sensible way for Thai baht is to exchange inside Thailand - either using an ATM or exchanging foreign currency or sending Telegraphic Transfers from your Aussie bank to your Thailand bank account and making sure the Aussie bank sends in AUD so then the Thailand bank can do the conversion.
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Cant comment on rate but just for the record the fees on foreign currency conversion at NAB is 1.1% of the aud value with a minimum of $10.