40 Baht for a Euro!

By Frans Amsterdam
Posted in Money and finance
Tags:
30 August 2017

It is with appropriate joy that I inform you that today, entirely in accordance with my previously stated expectations, the milestone of 40 Baht per Euro has been reached. I just slap myself proudly on the chest and release all brakes. 

37 Responses to “40 Baht for a Euro!”

  1. They read says up

    Well there is no bank here yet that gives Bankokbank 39,12. And if you look at your bank statement you won't get it by a long shot, so don't shout like that

    • Teuntjuh says up

      Perhaps Frans does not do business with banks, but, as I have been doing in recent years, he simply takes (pl) euros with him and exchanges them at one of the numerous offices…

      • HarryN says up

        Even then you will not get to the B.40 at most like here in Huahin 39,35

    • rudy says up

      Had a transfer from Belgium today, 38,762.

  2. Kim says up

    French, how are you doing? Do you think milestone 45 is coming into view.
    Gr. Kim

    • Fransamsterdam says up

      If a new (almost inevitable) trough forms soon with a bottom at or slightly above 38.0, I think there is a good breeding ground for a further rise towards 8. 41.5 seems too high for this year at least.

  3. berthy says up

    Can I exchange money with you? Because at my Bangkok bank the exchange rate is 39,02.

    berthy

  4. Gerrit says up

    Well,

    Calm down French,

    Last Monday, August 28, I received 2.000 Euro ING (benefactor's account) > SCB 77,976.96 Bhat.

    So I'm not at 40 Bhat per Euro yet, maybe next month, because it's going up regularly.

    Greetings Gerrit

  5. Jan says up

    Unfortunately short-lived because it has already dropped to 39.62……

  6. Louis49 says up

    Yes and it took a whole hour, or how some are happy with a dead sparrow

    • Fransamsterdam says up

      Intraday or not, price target achieved is price target achieved. A little trader has of course entered sales orders for certain levels in his system, and then it is not a dead sparrow but sound money.

  7. food says up

    Today at Bangkok bank 39,08 baht, good but still far from 40 baht

  8. Theo van bommeltheovanbommel says up

    Dear Leen, together with you, many Thai tourists will be happy with the milestone of 40.
    My question is how do you get there to request the exchange rate at Bangkok bank.?????
    You do that. no bank. even worse is the AirPort there they are all the way
    Greedy. go to the best exchange office at the yellow TT. as I write this
    Is the exchange rate 39,72. Subtract the profit for the office.between 25 and 30 and that becomes
    Paid out. at the latest DO NOT exchange during the weekend, then you always get less
    Thailand has no currency trade, the real exchange rate only comes after 3 hours
    European time.good luck. Theo

  9. Kees says up

    krungthai bank 39,1. That's not 40.

  10. P'Win says up

    I hope you mean all that very cynically.

    The only thing that happened yesterday in response to North Korea, among other things, is that the rate has touched 40, but at the time of writing it is about 39,66 again

    “One swallow does not make a summer” is a wise saying for a reason

  11. Harry Roman says up

    Ebury.com: order today, transferred 1 Sept, price NOW, 30 Aug 11:35 THB 39,43198 / Euro

    Was yesterday: 39,61

  12. Gerrit Decathlon says up

    The EX is otherwise falling sharply
    Cheered too early

    • Jasper says up

      To cheer too soon or not to cheer too soon, that is the question.

      The baht will probably tick over 40 in a few days, of course a profit was now taken on the resistance.

  13. January says up

    at which office do you exchange the most favorable? I myself always go to Western Union on the islands, I am now going to Samui and Phangan??? suggestions very welcome!

  14. Henk says up

    What a fuss about the difference.
    Whether it's 39.62 pf 39.82 well there are worse things to make a fuss about.
    The exchange rate difference is minor to me.
    I pay more attention to the price of the tuktuk.
    He sometimes asks 200 baht for which I pay standard 60 baht.
    Oh well, the taxi boat has also been increased from 14 to 15 baht.
    And that runs on an annual basis on average 5 x per week x 52 = 260 baht per year.
    Oh what a drama.
    You get money from the ATM why don't we complain that the Dutch banks take a fee of 2.25 or more.
    They also charge transaction fees.

  15. John D Kruse says up

    Hallo,

    had put a nice sum into my Thai account two months ago
    as an extra on top of the annual income. But then there was still a dip.
    So loss. Now that the Baht has risen “properly” again and we are in two months
    needing a jar for my partner's Schengen visa, that takes it again
    is disadvantageous and Bath has to be added to arrive at the desired Euro amount.

    We need a steady course of around XNUMX, that would be for the Farang
    be an outcome. By the way saw that the withdrawal amount at the Kasikorn to 30,000
    Bath is gone. At least that's something considering the 220 Baht cost.

    Regards,

    John D Kruse

  16. kees says up

    According to the Hamburger index, the fair value for usd-eur is 1.20 usd = 1.00 eur
    This is roughly equivalent to 40 baht for one euro.
    Depending on the economic cycles in both economic blocks, the usd-eur
    relationship going there again and again.

  17. P fisherman says up

    Hua hin small office next to burgerking the very highest of hua hin

  18. Manuel says up

    Do I understand correctly that it is cheaper to exchange your (cash) Euros at an exchange office instead of depositing them directly into my account at, for example, Bangkokbank?

    Kind regards, Manuel

    • Khun Flip says up

      Sure! Exchange euros at Superrich, for example, then you get much more Baht for your money than at the regular bank. (Especially if you are going to exchange thousands of euros, it saves a sip on a drink). Then deposit into your regular bank account. We almost always go to Superrich. They are located on the ground floor of Suvarnibhumi airport, but also in various places in the center of BKK, where they charge a better rate than at the airport. You can download their app for more info.

      • Cornelis says up

        What nonsense - changed at Superrich today.

      • Rob V says up

        There are 3 different companies with 'Super Rich' on the name. One has mainly orange in the logo, the other blue and the third green. In the center near Siam Paragorn, all 3 are within a radius of a few hundred meters. Did all 3 stop everywhere? Seems stiff…

        I keep saying it over and over but apparently a lot of people still think there is only 1 single Super Rich. See also the million previous blogs and responses to exchange rates, exchange and currency exchange offices.

      • Khun Flip says up

        Changed there 2 weeks ago… in Hua Hin (orange SuperRich) and a few weeks before that at the airport at the green Super Rich. So they still exist. In Hua Hin it is on the main road, at the very beginning at Ta Kiab, before Blueport. Both SuperRich chains, both the green and the orange have their own android apps. In those apps you will also find the branch locations/addresses and the rate at each branch.

    • TheoB says up

      For those who have the opportunity to go to an exchange office in Bangkok:
      http://thailand.megarichcurrencyexchange.com/index.php?cur=eur
      Use it to your advantage.

  19. Hun Jacques says up

    what a bitch!! it's about the growth the man predicted! and he was right about all those pessimists.
    whose deed.

    • Ad Koens says up

      Totally agree ! The exchange rate in question is the official exchange rate. That's the only correct one. We all know that you get less exchange. Be glad the man is right. But no, a negative charge must always be poured out if necessary! Perhaps the best man will predict a course of 1:45. Delicious right? Ad.

  20. Bram says up

    At Linda Exchange in Bangkok you get 39.55
    And this is the best address in Thailand to exchange the euros.
    Well, I know that not everyone is able to exchange money in Bangkok, but if you happen to be here, it is good to do business with Linda Exchange.
    No finicky desk clerks who check every banknote three times for a tiny tear.
    From notes of 100 euros you get a slightly better rate.
    So that the limit of 40 Bath has been broken is a utopia for the time being
    Perhaps seen a price of 40 Bath somewhere after a number of glasses of Mekong.

  21. Wim says up

    Too bad French on the site of http://www.wisselkoers.nl at 14.15 NL time 39,6150 Thb and I believe that no bank will pay you that because they are always thrifty grocers.

  22. Eric says up

    At sometime. Received an alert from XE.com yesterday that the official rate had reached 40 Baht. That's what it's about. How long he would stay there is another story but the official course says the man was right.

    Whether people like it or not…. 😉

  23. Fransamsterdam says up

    The exchange rate is that as indicated on http://www.xe.com
    They calculate the rate on the basis of the current mid-market rates on the international currency markets.
    That is a common valuation measure for foreign currencies.
    For example, if you get 40 baht for a euro at a mid-market rate of 35 baht at travelex, and have to pay 45 baht for a euro, the 'spread' is 10 baht. That is very expensive for the consumer.
    If Krungthai Bank gives 39.1 as someone says, they will ask around 40.9, the spread will be 1.8 Baht, a lot more reasonable.
    Exchange offices are the most favorable, TT-exchange in Pattaya has a spread of about 40 satang, so with a mid-rate of 40 you get 39.8 and you pay 40.2 for a euro. This is downright cheap for the service provided and further searching makes little sense at these rates.

    .
    Today's tip for those interested: Sell yesterday!

  24. Cor Bouman says up

    @corretje,
    Superrich no longer exists? Best exchange office in Thailand, I also know Visu, I thought they had just expanded enormously and can now even be found at the airport and in Kon Khaen.
    They are still online, I am now in NL so I am less informed about Thailand.

  25. BETTER SLEEP says up

    Quite a bit more than in January 2017. So all farang happy. The complaints of the past, including the pessimistic viewers, may look hopefully to the near future.
    I wish the ordinary Thai success in compensating for the reduction in their purchasing power.


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