I've handed some advice out before concerning buying currency abroad as opposed to the uk as you can get a better deal in Thailand than buying it in the UK. But actually the difference is huge.
At Natwest £1 will buy you 65.18 Thai Baht. If you have some to sell they will buy them back at 77.94 baht - almost a 20% swing!!!!!!!!!!!!!
If you wait until you arrive in Bangkok, the Bank of Thailand will buy £1 off you and give you 70.53 (commission is almost 0 at high transfer rates). That over 8% more if you buy when you arrive.
How does this occur?
At Natwest £1 will buy you 65.18 Thai Baht. If you have some to sell they will buy them back at 77.94 baht - almost a 20% swing!!!!!!!!!!!!!
If you wait until you arrive in Bangkok, the Bank of Thailand will buy £1 off you and give you 70.53 (commission is almost 0 at high transfer rates). That over 8% more if you buy when you arrive.
How does this occur?
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