3 replies to this topic

[Pattayarox]

Right this is probably a stupid question but is there a better exchange rate for sterling over euro?

Do some places give better rates for either or is all the same?

If I was to buy Sterling during the year without paying any commission would it be more beneficial than just bringing Euro's or does it really matter?

Will there be a big saving?


Pattayarox

[Joe_Le_Force]

You might find that some booths give slightly higher rates than others as we all know, but the correlation between Sterling Euro Dollar and Baht has to be the same.......Simply thats how forex works although I could probably try to explain it more clearly....

In the Banks the Baht is taking a "fix" off the American Dollar every second.....

Its then the "fix" taken between Sterling and the Euro to the Dollar that gives the split second exchange rate....

In reality we always get slightly less than the Interbank rate on average about 0.7 for the Baht.

In essence often you read guys saying they would love to get more Baht for your Euro or Pound but in reality its only the Pound/Euro strengthing against the Dollar that increases our "rate"

The best of all worlds is when Pound/Euro strengthens against the Dollar whilst the Baht weakens at the same time.......this gives a rapidly increasing exchange rate....

Hope to hell someone understands all that !!!!

Edited by Joe_Le_Force, 16 February 2012 - 10:28 AM.

[Sexyfarangman]

My observation has been that a place that gives a better rate for one currency will give a better rate for all.

[zakooo]

you will get best rate for both from tt exchance cash only if offical rate is 48b to the £ you will get 48.5b from them.always use them.i change £5000 at a time and thats a few bhat gain.same rate for small amounts too.give best for euro as well