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Converting Chinese RMB to Thai Baht

 
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stormrider



Joined: 07 May 2005
Posts: 89

PostPosted: Fri Sep 16, 2005 9:45 am    Post subject: Converting Chinese RMB to Thai Baht Reply with quote

Should this be done in CHina (Mainland/HK/Macau) or upon arrival in Phuket's Airport? Does it matter?
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sojourner



Joined: 28 Jan 2003
Posts: 738
Location: nice, friendly, easy-going (ALL) Peoples' Republic of China

PostPosted: Sat Sep 17, 2005 3:50 am    Post subject: Reply with quote

In Thailand, itself, there are no problems in exchanging RMB for Baht. However, most of the money change booths you see everywhere are usually run by the major banks - and the exchange rates offered are usually pretty lousy. I have never been to Phuket, but in Bangkok I usually go to the 'Siam Exchange', near the Siam Centre, where the exchange rates are much better than they are at the bank-controlled booths in the Khaosan Rd area. So, in Phuket, hunt around for those money change booths that are not run by the banks.

Peter
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Volodiya



Joined: 03 May 2004
Posts: 1025
Location: Somewhere, out there

PostPosted: Sat Sep 17, 2005 8:41 am    Post subject: Reply with quote

Exchange your RMB for any hard currency, in China, if Thai Baht are hard to find. Then, convert the hard currency to Thai Baht, in Thailand.

China is the only place I've been that gives "full value" for the RMB on an exchange. I think you'll come out better by making that exchange, in China, before you come over.
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stormrider



Joined: 07 May 2005
Posts: 89

PostPosted: Sat Sep 17, 2005 9:58 am    Post subject: Reply with quote

Bank of China?
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saint57



Joined: 10 Mar 2003
Posts: 1221
Location: Beyond the Dune Sea

PostPosted: Mon Sep 19, 2005 1:46 am    Post subject: Reply with quote

If your holding RMB you'll find that it is very difficult to change it into any other currency while you are in China. I changed RMB in Thailand. I'm not sure about the rates but it was easy.
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Volodiya



Joined: 03 May 2004
Posts: 1025
Location: Somewhere, out there

PostPosted: Mon Sep 19, 2005 6:58 am    Post subject: Reply with quote

If you are documented to work in China you may exchange your excess RMB for other currencies, at banks, in China.

Exchange rates for RMB are not favorable to the holder of RMB in Thailand but, you do what you have to, sometimes....
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jeffinflorida



Joined: 22 Dec 2004
Posts: 2024
Location: "I'm too proud to beg and too lazy to work" Uncle Fester, The Addams Family season two

PostPosted: Mon Sep 19, 2005 9:42 am    Post subject: Reply with quote

If you have a Bank Of China ATM card it will work in the Bank Of Thailand / Bangkok ATM. Mine did.
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cheekygal



Joined: 04 Mar 2003
Posts: 1987
Location: China, Zhuhai

PostPosted: Wed Sep 21, 2005 4:57 am    Post subject: Reply with quote

re: Bank of China in Thailand. Is it still possible to use a card in Bangkok from China? Any updates on that?
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Volodiya



Joined: 03 May 2004
Posts: 1025
Location: Somewhere, out there

PostPosted: Wed Sep 21, 2005 5:55 am    Post subject: Reply with quote

My experience has been, worldwide, these cards work in any machine bearing the same "logo", the symbol for the system your bank and card are a part of. ATM cards often bear more than one symbol, and will work with more than one system, worldwide.
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kkookie99



Joined: 04 Jun 2005
Posts: 9
Location: Auckland, New Zealand

PostPosted: Tue Sep 27, 2005 9:16 am    Post subject: Hope this helps Reply with quote

Hi there

You should be ok to use your bank card so long as it has the same logo like someone has mentioned. I.E. in NZ we have ASB Bank and our card has the PLUS sign, if your bank card has this, then you should be okay to use it anywhere worldwide.

Otherwise VISA is always a good alternative. - just make sure you have pin number and your VISA card is on credit if so you shouldnt be charged any fees - well thats what they told us in NZ anyway.

Hope it helps.
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