If you are looking to exchange your Thai Baht for another currency while you are in Thailand, you would need to look at the “buy” column on the foreign currency exchange board. Exchanging Thai Baht For A Foreign Currency While In Thailand In essence, you are the seller of your foreign currency to the Thai establishment that is buying your foreign currency in exchange for Thai baht. In this case, you would look at the TT rate, which is otherwise known as the “sell” column or rate on the digitalized currency exchange board. As travelers to Thailand, and elsewhere, usually prefer to exchange their currency once they have arrived in the Kingdom, it is important to know which column on the currency exchange board to view.

When looking at a currency exchange board, the TT rate is what a bank uses when someone is wanting to transfer money in from abroad. Exchanging Your Foreign Currency Into Thai Baht While In Thailand Example of a foreign currency exchange board. Usually, a better rate can be found inside a country’s borders versus outside of its borders.

Such a restriction only allows the yuan to be traded at a rate that is either 2% higher or lower than the daily, set midpoint value. The Chinese yuan’s midpoint value is set by the government on a daily basis. Restricted currencies can have their values set by the national government, such as China. A restricted currency means that the ability to exchange a specific currency is limited to within that country’s borders. Thailand and other countries can feature different exchange rates and restricted currencies. Such forward value rates can fluctuate due to varying expectations for future interest rates in one country compared to another country. Some exchange rates also have a “forward value.” This type of value is based on expectations of the specific currency to either rise or fall from its current spot rate. This means that it will stay in a fixed range of exchange.Įxchange rates also have a “spot rate.” This rate equates to the currency’s cash value or current market value. For example, the Hong Kong to US dollar exchange rate is fixed. Most exchange rates will rise and fall (this is called free-floating), and are determined by the foreign exchange market’s supply and demand. This means that if it appreciates, then it takes more of another currency to buy one unit of the foreign currency. When currency exchange rates fluctuate, it can be said that it either appreciates or depreciates. What Is An Exchange Rate?Ī currency exchange rate is, essentially, how much of one particular currency can be bought for each unit of another particular currency. Below, are some of the most common questions that are asked when exchanging currencies. Before you check the current exchange rates for Thailand, we have included information about foreign currency exchange rates that will make the process easier when reading a currency exchange board. Each country displayed on the board will have the corresponding national flag located next to the price that is proposed. These rates indicate the current, proposed conversion rate.

All currency exchange offices have an exchange board that is usually digitalized and displays the rates in real-time. To check current exchange rates for Thailand, you can click on the different websites that are featured at the end of this article. Thailand and other countries’ exchange rates change every day.

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