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Australia to Thailand - currency questions



 
 
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  #1  
Old April 4th, 2007, 01:19 AM posted to rec.travel.asia
[email protected]
external usenet poster
 
Posts: 4
Default Australia to Thailand - currency questions

I will be travelling from Australia to Thailand soon.

I am thinking about the best way to handle the currency conversion of
Australian dollars to Thailand's Baht.

How can I get the best exchange rate?

Should I use an Australian bank to convert the currency?

Should I just use ATMs in Thailand?

Any other general advice from anyone who has experience in this area
would be much appreciated

Thank You

  #2  
Old April 4th, 2007, 06:20 AM posted to rec.travel.asia
PeterL
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Posts: 1,471
Default Australia to Thailand - currency questions

On Apr 3, 5:19 pm, wrote:
I will be travelling from Australia to Thailand soon.

I am thinking about the best way to handle the currency conversion of
Australian dollars to Thailand's Baht.

How can I get the best exchange rate?

Should I use an Australian bank to convert the currency?

Should I just use ATMs in Thailand?

Any other general advice from anyone who has experience in this area
would be much appreciated

Thank You




My experience with using my bank ATM is that I always get the best
rate of that day (the day I get the cash). My bank charges a nominal
fee for each transaction.

  #3  
Old April 4th, 2007, 12:52 PM posted to rec.travel.asia
Viviane
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Posts: 45
Default Australia to Thailand - currency questions

I've only used ATMs for the last 10 years or so to withdraw money and bought
things with a credit card. The banks will charge a fee (of course!) for the
ATM bit I still think that's better than worrying about finding somewhere to
change travellers cheques.

wrote in message
ps.com...
I will be travelling from Australia to Thailand soon.

I am thinking about the best way to handle the currency conversion of
Australian dollars to Thailand's Baht.

How can I get the best exchange rate?

Should I use an Australian bank to convert the currency?

Should I just use ATMs in Thailand?

Any other general advice from anyone who has experience in this area
would be much appreciated

Thank You



  #4  
Old April 4th, 2007, 12:59 PM posted to rec.travel.asia
Markku Grönroos
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Posts: 2,095
Default Australia to Thailand - currency questions


"Viviane" kirjoitti
...
I've only used ATMs for the last 10 years or so to withdraw money and
bought things with a credit card. The banks will charge a fee (of
course!) for the ATM bit I still think that's better than worrying about
finding somewhere to change travellers cheques.

Thailand has been one of the easiest places on earth to sell TCs at banks.

  #5  
Old April 4th, 2007, 01:32 PM posted to rec.travel.asia
Chris Blunt
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Posts: 154
Default Australia to Thailand - currency questions

On Wed, 4 Apr 2007 21:52:12 +1000, "Viviane"
wrote:

I've only used ATMs for the last 10 years or so to withdraw money and bought
things with a credit card. The banks will charge a fee (of course!) for the
ATM bit I still think that's better than worrying about finding somewhere to
change travellers cheques.


Not all banks make charges for carrying out ATM withdrawals overseas.
Depending on how competitive the banking environment is in your
country, you can often find banks that make no charge at all.

Nationwide Building Society in the UK is one example. In the US, I
believe some credit unions do the same.

Chris


wrote in message
ups.com...
I will be travelling from Australia to Thailand soon.

I am thinking about the best way to handle the currency conversion of
Australian dollars to Thailand's Baht.

How can I get the best exchange rate?

Should I use an Australian bank to convert the currency?

Should I just use ATMs in Thailand?

Any other general advice from anyone who has experience in this area
would be much appreciated

Thank You


  #6  
Old April 5th, 2007, 01:41 AM posted to rec.travel.asia
Tchiowa
external usenet poster
 
Posts: 1,374
Default Australia to Thailand - currency questions

On Apr 4, 6:59 pm, Markku Grönroos wrote:
"Viviane" kirjoitti
... I've only used ATMs for the last 10 years or so to withdraw money and
bought things with a credit card. The banks will charge a fee (of
course!) for the ATM bit I still think that's better than worrying about
finding somewhere to change travellers cheques.


Thailand has been one of the easiest places on earth to sell TCs at banks.


Easy but expensive. Bad exchange rates plus fees charged. Plus you
have to spend your money to buy the TCs before you leave rather than
leaving your money in the bank until you pull with an ATM.

  #7  
Old April 5th, 2007, 11:40 AM posted to rec.travel.asia
Markku Grönroos
external usenet poster
 
Posts: 2,095
Default Australia to Thailand - currency questions


"Tchiowa" kirjoitti
glegroups.com...
On Apr 4, 6:59 pm, Markku Grönroos wrote:
"Viviane" kirjoitti
... I've only used ATMs for the last
10 years or so to withdraw money and
bought things with a credit card. The banks will charge a fee (of
course!) for the ATM bit I still think that's better than worrying about
finding somewhere to change travellers cheques.


Thailand has been one of the easiest places on earth to sell TCs at banks.


Easy but expensive. Bad exchange rates plus fees charged. Plus you


Rate is the same with ATM rates. The only fee I have ever paid is this 23
baht or something tax which is levied for each a note.

  #8  
Old April 5th, 2007, 12:49 PM posted to rec.travel.asia
Viviane
external usenet poster
 
Posts: 45
Default Australia to Thailand - currency questions

I'm in Australia and the banks are not competitive enough and the market is
too small to attract others. So we pay through the nose at home and
overseas. Even credit unions here charge to use ATMs. That's probably why
I don't baulk at paying to use an overseas ATM.

"Chris Blunt" wrote in message
...
On Wed, 4 Apr 2007 21:52:12 +1000, "Viviane"
wrote:

I've only used ATMs for the last 10 years or so to withdraw money and
bought
things with a credit card. The banks will charge a fee (of course!) for
the
ATM bit I still think that's better than worrying about finding somewhere
to
change travellers cheques.


Not all banks make charges for carrying out ATM withdrawals overseas.
Depending on how competitive the banking environment is in your
country, you can often find banks that make no charge at all.

Nationwide Building Society in the UK is one example. In the US, I
believe some credit unions do the same.

Chris


wrote in message
oups.com...
I will be travelling from Australia to Thailand soon.

I am thinking about the best way to handle the currency conversion of
Australian dollars to Thailand's Baht.

How can I get the best exchange rate?

Should I use an Australian bank to convert the currency?

Should I just use ATMs in Thailand?

Any other general advice from anyone who has experience in this area
would be much appreciated

Thank You




  #9  
Old April 5th, 2007, 08:05 PM posted to rec.travel.asia
Geoff B[_1_]
external usenet poster
 
Posts: 30
Default Australia to Thailand - currency questions


wondered...
I will be travelling from Australia to Thailand soon.

I am thinking about the best way to handle the currency conversion of
Australian dollars to Thailand's Baht.


Travelling from the UK I normally get some Baht from my bank - but they
don't charge me any commision, and give 'on the day' rates (plus I use the
opportunity to activate my travel insurance cover).
I take enough cash to cover about a week of 'everyday' expenses (and I'm
talking normal semi-urban Thai lifestyle plus maybe 25% rather than farung
expectations)
From then on I rely on ATM withdrawals. I've rarely had a problem, although
I did have a scare in January when they suddenly refused to pay out. The
internet connection was down, so by the time I was able to check my account
they were back online . . . .

If you are in a position to set aside a block of money, ask your bank about
taking out a card with a fairly low limit for use on the holiday and pay it
all off when you get back - Visa and Mastercard can be used pretty much
everywhere for hotels (and some guest houses), major shopping, and transport
(trains, long-distance buses, car-hire with or without driver). Having a
low limit might be reassuring in that any fraud is limited, although I
haven't had any problems on my visits.

Have fun

_______
Geoff B


  #10  
Old April 6th, 2007, 02:14 AM posted to rec.travel.asia
A Mate
external usenet poster
 
Posts: 184
Default Australia to Thailand - currency questions

Viviane - Australian Bank are large by any standard - as for others:
CitiBank, HSBC, Ing, BankWest etc etc etc are foreign owned.

The 'others' have their noses well into the trough too.

Banks everywhere in the world charge fees, just as high as the market will
bear. Australian Bank fees are about on a par with the rest of the world.

I always find it strange that people seem to believe Banks are some form of
Public Service organisation (like Red Cross). Banks are 'for profit'
companies. They charge for their services - everywhere.





"Viviane" wrote in message
...
I'm in Australia and the banks are not competitive enough and the market
is too small to attract others. So we pay through the nose at home and
overseas. Even credit unions here charge to use ATMs. That's probably
why I don't baulk at paying to use an overseas ATM.

"Chris Blunt" wrote in message
...
On Wed, 4 Apr 2007 21:52:12 +1000, "Viviane"
wrote:

I've only used ATMs for the last 10 years or so to withdraw money and
bought
things with a credit card. The banks will charge a fee (of course!) for
the
ATM bit I still think that's better than worrying about finding somewhere
to
change travellers cheques.


Not all banks make charges for carrying out ATM withdrawals overseas.
Depending on how competitive the banking environment is in your
country, you can often find banks that make no charge at all.

Nationwide Building Society in the UK is one example. In the US, I
believe some credit unions do the same.

Chris


wrote in message
roups.com...
I will be travelling from Australia to Thailand soon.

I am thinking about the best way to handle the currency conversion of
Australian dollars to Thailand's Baht.

How can I get the best exchange rate?

Should I use an Australian bank to convert the currency?

Should I just use ATMs in Thailand?

Any other general advice from anyone who has experience in this area
would be much appreciated

Thank You






 




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