Question of the week: What are you going to do to cope with the low Euro - Thai Baht ratio?
News Hour of Wednesday, March 5, reported that the euro had fallen to 1.10 against the US dollar. It was expected that the euro-usd ratio would indeed be equal at the end of the year. Which means that the euro is then worth about 32 baht! What will you do to cope with the financial situation that has arisen?
Reader question: Is the exchange rate correct if you have to pay at the Dutch embassy in Bangkok?
The NL embassy claims that visa costs are 60 euros but you have to pay in Baht: 'Visa handling fee of the equivalent to 60 Euro has to be paid in cash in THB at the current exchange rate'.
Reader question: Which way is the development of the Thai baht – euro exchange rate going?
About this time, a year ago, Thailand was in a political crisis with the hopeless battle between the yellow shirts and the red shirts. The Thaibaht then fetched about 42 Bht for one euro. A “prospect” expressed by “connoisseurs” then appeared on this blog, although that ratio would increase further to 45 Bht/€.
Paul did a little research especially for the readers of Thailandblog and gives us an insight into the rates charged by the various banks.
I'm going to Thailand for a month soon. Now my question is: What is the most interesting thing I can do in terms of the exchange rate?
Relatively cheaply bought 8 tons of baht to use, or 'expensive' money from the Netherlands on books?
On April 22, my Thai wife and I will move back to Belgium. This week we sold a piece of land and now we would like to place a large part of that money in a Belgian bank account, of course in euros.
Update 'the power of the baht'
On November 30, I wrote an article on Thailandblog about “the power of the baht”. Because developments are going faster than expected, a short update of my view on the price development.
Reader question: Does debit card at Bangkok airport give an unfavorable exchange rate?
As a loyal Thailander, I know that exchanging money at Suvarnabhumi airport is very expensive, but what about ATMs?
The power of the Thai baht
Six years ago my son did a paper for high school on the power of the US$. If you were to read this paper now, you would be amazed at how much has come of it. Therefore now a philosophical article about "the power of the Thai baht", which will probably lead to a lot of discussion.
The Thai ATM is more expensive than cash exchange
If you want the best exchange rate for your euros, it is best to exchange cash in Thailand. I will explain this with a calculation example.
I would like to know if you bring cash to Thailand, is it better to do it in euros or in US dollars? This is due to a favorable exchange rate.
News from Thailand – August 29, 2013
Today in News from Thailand:
• Annual visa expires when passport expires
• Stocks and baht tumble to all-time lows
• Government does not bow to rubber farmers' demands
Strong euro and weak baht good news for Thailand visitors
Dutch people who go on holiday to exotic destinations such as Thailand in the coming weeks will pay considerably less, writes De Telegraaf.
Cheaper baht good news for tourists and expats
The exchange rate of the Thai baht is falling sharply and that is good news for tourists and expats. According to data from Bloomberg, the price fell 0,5% to 31,08 per dollar today. That is the lowest level since September 7 last year.
I'm going to Thailand and I'm taking cash euros with me to exchange. I read on the Lonely Planet website that Superrich and Kasikorn give the best exchange rates, is that correct?
News from Thailand – March 24, 2013
Today in News from Thailand:
• Buddha popcorn from Pennsylvania: can it get any crazier?
• 120 Rohingya refugees detained in Phuket
• Prime Minister Yingluck receives honorary doctorate in New Zealand