Are there fewer tourists due to the strong Baht? You now only get 37.5 baht for 1 euro. So many things are just expensive in Thailand at the moment. My question is, does a tourist pay attention to this before booking his holiday?
Low euro hits expats and retirees
It seems that the euro is in free fall against the dollar. The value of the euro fell to its lowest level this year on Friday. Yesterday, the euro hit a provisional low of $1,0582.
Worry about expensive baht: BoT does not want to intervene
The Bank of Thailand (BoT) understands corporate concerns about the expensive baht and the impact on exports, but it has no plans to intervene.
I regularly read articles here about the costs that the Belgian or Dutch banks charge for transfers to Thailand. But what I rarely if ever read is which bank in Thailand has good exchange rates.
Thailand fears consequences for tourism due to Brexit
The UK's departure from the EU also has implications for Thailand. The country expects consequences for trade, diplomacy and especially for tourism from Europe. The fall of the pound and the depreciation of the euro is expected to deter Europeans from traveling to Thailand.
I will soon settle in Thailand together with my Thai wife, now I am taking over 10.000 euros in cash, which I report at Schiphol. I want to exchange that money in Pattaya and put it in a Thai bank. My question is does anyone have a tip where and with whom I can best exchange?
I read somewhere that debit cards in Thailand can easily cost you € 20 to € 30. This has to do with the fact that costs are charged several times. The ATM itself in Thailand costs 200 baht (€ 5,07) each time. Your own bank charges a rate surcharge on top of the exchange rate of approximately € 2,50. Most Dutch also charge costs for debit cards abroad.
Reader Submission: Euro – Thai Baht, perhaps the first ray of sunshine for exchange rate
Perhaps the first ray of sunshine for the exchange rate is in the picture. In recent months it has been a day of axes, especially on the stock exchanges of China. On Thursday morning, January 7, the stock markets closed early after a drop of 7% in one day. One of the reasons was that the Chinese Yuan had fallen against the US dollar.
Reader question: What's going on with the exchange rate?
Why has the exchange rate fluctuated so much lately? Is the Baht getting stronger or is the Euro weaker? A while ago the baht was still at 40. Now it is 37 again.
Reader question: When do you get the best exchange rate in Thailand?
With us the tension is rising….. next Monday we fly from Frankfurt to Bangkok for a tour of 11 days and then to Hua Hin for much needed relaxation after the tiring tour.
Small and medium-sized Thai tour operators are urged to sell their tours in US dollars instead of euros. This is because a further fall in the value of the euro is expected.
When I want to transfer Thai baht to my bank (KTB), they charge high costs and the exchange rate is very unfavorable: about 1 thb more to pay per euro than the daily exchange rate.
I am looking for a Dutch bank that issues denominations of €100 or €200 to its customers. At my bank (ABNAMRO) I can only order these denominations with a purchase of € 10.000 or more.
Thai Baht depreciation, good news for expats!
The Thai Baht is falling and that is good news for many expats. The decline started because the Central Bank of Thailand no longer supports the currency. For some time now, the exchange rate of the Baht has been kept artificially high, partly by limiting capital flows from abroad.
Reader question: Withdrawing money in Thailand
Yesterday I had withdrawn money in Pattaya with my SNS world pass with Maestro logo. I had done the last check for the current exchange rate and saw it was at 34,7 baht. Low, but we already know that.
Reader question: How do you cope with the decline in your disposable income in Thailand?
No more partner allowance and the euro will fall. How do other expats in Thailand cope?
'Belgians and Dutch people will only feel the consequences of the low euro when they go on holiday'
For many Dutch people who live in our cold frog country, there is little going on. The daily reports that the euro has fallen in value against the dollar or the baht again, go past them. The shopping cart at the supermarket costs exactly the same as before.