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drygoodslvc
Joined: 09 Jul 2007
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 Posted: Tue Jul 24, 2007 7:18 pm Post subject: Thailand and currency---American or Korean? |
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I'm going to Thailand in a couple of days and can't decide which currency would be better to take, Korean or American.
The US dollar isn't doing too well now--only about 30 baht for a buck.
The Korean won gets me 32 baht for a thousand note.
What do you think? Have you ever taken all your spending money in Korean won to Thialand? Any problems? |
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stumptown
Joined: 11 Apr 2005
Location: Paju: Wife beating capital of Korea
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| Posted: Tue Jul 24, 2007 7:25 pm Post subject: Re: Thailand and currency---American or Korean? |
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| drygoodslvc wrote: |
I'm going to Thailand in a couple of days and can't decide which currency would be better to take, Korean or American.
The US dollar isn't doing too well now--only about 30 baht for a buck.
The Korean won gets me 32 baht for a thousand note.
What do you think? Have you ever taken all your spending money in Korean won to Thialand? Any problems? |
Check the rates for Traveler's Checks. Last year when I went I got a bunch and the rates were pretty good. |
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therooster
Joined: 11 May 2007
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| Posted: Tue Jul 24, 2007 7:26 pm Post subject: |
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| Hold crap ...the dollar has slided that far down ? |
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hogwonguy1979
Joined: 22 Dec 2003
Location: the racoon den
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| Posted: Tue Jul 24, 2007 7:36 pm Post subject: |
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man it was 40 last summer and 37 in the winter
back to the OP, i just wired won to the states and it was 924/dollar and based on yahoo's website 924 won gets you 30 baht and 1 us dollar gets you 29.7 baht. its not much of a diference.
big thing to remember is though outside of the bangkok airport there are few places that will exchange won to baht so overall its better to get dollars |
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desultude
Joined: 15 Jan 2003
Location: Dangling my toes in the Persian Gulf
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| Posted: Tue Jul 24, 2007 7:50 pm Post subject: |
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| therooster wrote: |
| Hold crap ...the dollar has slided that far down ? |
Yeah, and at times in the last few weeks, around 29 to the dollar.
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ajgeddes
Joined: 28 Apr 2004
Location: Yongsan
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| Posted: Tue Jul 24, 2007 7:58 pm Post subject: Re: Thailand and currency---American or Korean? |
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| drygoodslvc wrote: |
I'm going to Thailand in a couple of days and can't decide which currency would be better to take, Korean or American.
The US dollar isn't doing too well now--only about 30 baht for a buck.
The Korean won gets me 32 baht for a thousand note.
What do you think? Have you ever taken all your spending money in Korean won to Thialand? Any problems? |
You realize $1 does not equal 1000won right? The extra dollars you get from the won will get you the extra baht you think you are losing. You are going to get the same amount of money either way pretty much. |
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Colorado
Joined: 18 Jan 2006
Location: Public School with too much time on my hands.
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| Posted: Wed Jul 25, 2007 12:56 am Post subject: Re: Thailand and currency---American or Korean? |
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| drygoodslvc wrote: |
I'm going to Thailand in a couple of days and can't decide which currency would be better to take, Korean or American.
The US dollar isn't doing too well now--only about 30 baht for a buck.
The Korean won gets me 32 baht for a thousand note.
What do you think? Have you ever taken all your spending money in Korean won to Thialand? Any problems? |
Don't take Won. Nobody in Thailand wants Won. You'll have problems converting it. Dollars. |
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Richard Krainium
Joined: 12 Jan 2006
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| Posted: Wed Jul 25, 2007 1:11 am Post subject: |
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Just change Won to Baht here in Korea. At a bank or at the airport.
Simple.
No need to change to dollars at all. |
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hogwonguy1979
Joined: 22 Dec 2003
Location: the racoon den
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| Posted: Wed Jul 25, 2007 1:26 am Post subject: |
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| Richard Krainium wrote: |
Just change Won to Baht here in Korea. At a bank or at the airport.
Simple.
No need to change to dollars at all. |
i've done that too given the exchange rates that may not be a bad idea
however i hate carrying cash so i get us$ t/cs or use my atm card |
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polonius
Joined: 05 Jun 2004
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| Posted: Wed Jul 25, 2007 4:24 am Post subject: |
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If you have American Dollar bring it. I was in Phuket 3 weeks ago, I got 31 baht for 1000 won. I got 34 Baht for 1$ US. It's up to you to figure whether it is in your best interest to switch from Won to US to Baht. But, the US dollar will get you a higher rate in Thailand than will you get from the bank at Incheon.
Also, 50$ and 100$ notes will get you a slightly higher rater than will 20, 10 or 5$ US notes. Differences is about .75baht/dollar.
Have fun in Thailand. |
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Ninjorp
Joined: 07 Mar 2006
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| Posted: Wed Jul 25, 2007 4:45 am Post subject: |
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| NEVER bring won out of the country with you, you'll always get a horrible exchange rate. |
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drygoodslvc
Joined: 09 Jul 2007
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| Posted: Wed Jul 25, 2007 9:30 am Post subject: |
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Thanks for all the input... got American anyways.
When I was in Thailand 4 years ago I think it was almost 50 baht to the dollar. Man, things have changed. |
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Richard Krainium
Joined: 12 Jan 2006
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| Posted: Wed Jul 25, 2007 5:20 pm Post subject: |
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| drygoodslvc wrote: |
Thanks for all the input... got American anyways.
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Why? You're going to Thailand? They use Baht, not dollars.
So now you lose on the exhange rate twice. Brilliant! |
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thaitom
Joined: 08 Feb 2003
Location: Phopphra, Thailand
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| Posted: Wed Jul 25, 2007 5:49 pm Post subject: |
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| There's a on/off shore rate now for Thai baht, off shore rate today is 30.05,onshore is 33.68. exchange your U.S. money in Thailand you will get the onshore rate. |
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