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Nashledanou
Joined: 14 Apr 2007
Posts: 64
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 Posted: Fri Nov 09, 2007 2:42 pm Post subject: Changing money in Phuket |
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Hi guys,
can anybody suggest what the best places are to get Bahts in exchange for foreign currency (namely, Saudi Riyals)? I doubt if going to an exchange office is a good idea, so I was thinking of banks. Anybody has a better suggestion? I am going to Phuket, by the way, if that makes any difference.
Thanks! |
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Nashledanou
Joined: 14 Apr 2007
Posts: 64
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| Posted: Mon Dec 10, 2007 1:15 pm Post subject: |
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| No huh? That musta been a stupid question... |
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Kent F. Kruhoeffer
Joined: 22 Jan 2003
Posts: 2129
Location: 中国
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| Posted: Wed Dec 12, 2007 5:02 am Post subject: |
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| If you click here, you'll find today's exchange rate for Saudi Riyals (and other currencies) at Siam Commercial Bank, a well known bank in Thailand with branches in most cities and towns. You can then compare their rate against other banks and exchange offices and see who's offering the best deal. |
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Nashledanou
Joined: 14 Apr 2007
Posts: 64
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| Posted: Thu Dec 13, 2007 6:55 am Post subject: |
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thanks a LOT, that's exactly what I's looking for  |
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Stephen Jones
Joined: 21 Feb 2003
Posts: 4124
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| Posted: Thu Dec 13, 2007 11:38 am Post subject: |
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| The golden rule is to change the Saudi riyals into dollars as the rate is fixed. You should then get a good rate in Thailand. |
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markholmes
Joined: 21 Jun 2004
Posts: 661
Location: Wengehua
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| Posted: Fri Dec 14, 2007 9:55 pm Post subject: |
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| I have always found Siam Commercial does a slightly better rate than Bangkok Bank. |
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wannago
Joined: 16 Apr 2004
Posts: 85
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| Posted: Sun Dec 16, 2007 5:26 pm Post subject: |
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| My experience was that Thai money changers really didn't want Saudi Riyals. Good advice to change into US$ first. There are more Siam Commercial Banks in Phuket than you can shake at stick at. |
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Nashledanou
Joined: 14 Apr 2007
Posts: 64
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| Posted: Tue Dec 18, 2007 9:28 am Post subject: |
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| Stephen Jones wrote: |
| The golden rule is to change the Saudi riyals into dollars as the rate is fixed. You should then get a good rate in Thailand. |
The GCC countries are thinking of creating a currency basket and dropping pegs to the dollar. It would be a windfall for those like me who've been working there recently ando got paid in local currency, as we all sustained some kind of financial loss, thanks to the dollar's devaluation. So I decided to hold on to some of my Riyals, hoping that Allah enlightens their minds. On the other hand, I don't think that the dollar is bound to stop its downfall within soon.
Anyway, I changed the money in Abu Dhabi at the airport and the office gave me a 8.2 rate, which is not bad at all. I arrived in Bangkok, and I saw an office in Rambuttri that changed Riyals at 7.2 - quite a huge difference. In general though, it is banks that give you the best rates, I noticed. |
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