Where can I get the best dollar to Thai Baht exchange rate?
If you are looking for the best place to change the British pound to Thai Baht or even the Euro to Thai Baht then there can be a big difference in the exchange rates between various currency exchange outlets.
Generally the best exchange rates for cash are in the specialist currency exchange booths, followed by the banks, and then your hotel and the worst rate would be from your home country bank.
The rates given by the various currency exchange booths are dictated by factors such as the rents they pay and the amount of competition in the area and there can be a big difference, so it pays to do some research.
One of the best places to exchange your dollars to Thai Baht is at Super Rich Thailand located in Pratunam.
They are well known for offering the most competitive exchange rates, but are the savings really worthwhile for the average tourist to make the trip across town?
The answer to this question really depends on how much money you want to exchange and how far away from Pratunam you are located.
Let me give you my experience in exchanging the Australian dollar to Thai Baht in Bangkok.
I had brought enough cash for my trip and needed to change the Australian dollar to Thai Baht whilst the exchange rate looked favourable.
We caught a Songthaew at 10:30am to set off to Super Rich Thailand in Pratunam. It cost eight Baht each down to On Nuch.
Getting off the Songthaew outside Big C shopping centre there is a short cut through the soi that has many cheap massage shops.
This soi links to Sukhumvit Road and then the BTS at On Nuch. On the way to the station we passed the K27 currency exchange shop and I noted that the exchange rate for Australian dollars was 29.85 Baht to the dollar.
We continued walking a short distance and once we arrived at the BTS I purchased two tickets to Chidlom for 42 Baht each.
As we had just missed the train there was about an eight minute wait for the next train to come along.
It was mid-morning but there were many people still on their way to work and very few seats left to sit down on so I stood up for the journey. The trip to Chidlom took about 14 minutes.
Once at the Chidlom BTS station we followed the stairs down and took a left turn and followed the overhead walkway. By going this way we could avoided the crowded pavement and the traffic fumes.
Walking along, we passed the Intercontinental Hotel on the right and then turned next right into the Gaysorn Shopping Plaza to take a short-cut.
We left the shopping mall by the footbridge that leads directly over to Central World and then went down the steps on the right and back onto the street level.
It was then only about a 200 metre walk, with Big C on the left and the Central World shopping mall on the right.
The street is still packed with various market stalls and we continued walking until we passed over the Khlong San Saeb bridge to get to the soi where Super Rich Thailand is located.
We took a left at the Bangkok Bank and walked along the small soi to the currency exchange shop.
The Super Rich Thailand store was just in the final stages of renovations and had all been refitted inside.
On the right-hand side as we entered the shop was the lady doing the photocopying and giving out the numbered tickets. You need to go to her first.
Foreigners should bring their passport and Thais should bring their ID card, otherwise your transaction will not be processed.
Although there were a few people waiting we went straight to the cashier and handed over the cash to change our dollars into Thai baht.
The cashier counted the money twice in the electric counting machine; first one way and then the other, before finally counting by hand.
We were given a chit and then went to wait for our turn.
Whilst waiting I took a couple of photographs in the shop before noticing the “No Photographs” sign.
Luckily the security guard did not spot me as I was right behind him.
The exchange rate for Thai Baht in Super Rich Thailand was 29.95 Baht to the dollar, so it wasn't all that different to what I had seen at K27 at On Nuch.
There was a wait of about ten minutes before our number came up on the board and we went to the cashier’s desk.
I gave the cashier the chit and she counted out the money multiple times and gave me the corresponding amount of Thai Baht.
We left Super Rich and went back down the soi to the nearby Bangkok Bank branch to deposit the money in one of the electric cash machines near the entrance.
We then went for lunch in Big C.
Lunch was just from one of the shops outside the food hall on the upper level and cost 300 baht.
We also bought a cardigan for 100 baht, some water for 10 baht and wandered around the shops looking at the small stalls.
With all the jobs done we retraced our steps from the morning and took the Skytrain back to On Nuch BTS station..
As we walked back to Big C we again passed the cheapest Thai massage shops in Bangkok, but didn't stop.
Outside one of the Massage shops was one of those stalls that sell iced coffee; we grabbed a couple of cups to go before getting the Songthaew, which had us back home around about 3:30 pm.
So how much did I save by coming to Super Rich Thailand?
Well on $6000 I saved a total of 600 Baht; this being the difference between the rate at K27 and the rate at Superrich Thailand.
But it cost 8 baht to On Nuch and a further 42 baht each on the BTS to Chidlom. That was a total cost of 200 baht for the return journey for the two of us, which meant my total saving for the day's effort was 400 Baht, or about $13.
Most of that saving got spent on lunch, some drinks and a cardigan.
So all in all we had a free day out, but in reality if I wanted to change dollars to Thai Baht again I think I would just go to K27 at On Nuch and save my time.
Unless there is a reason to visit Pratunam, then it certainly wouldn't make sense for the average tourist to spend a whole day doing what I did.
If you are in Bangkok as a tourist then just give it a little thought before running all over town to change your Euros to Thai Baht.
It really does make sense to check the Thailand currency conversion rates when your time is limited.
Don’t forget if you need to change dollars to Thai Baht at Suvarnabhumi Airport you will get the best rates at Renjit Currency exchange or Superrich Thailand exchange booths located on the same level as the ARL train.
You can even change your remaining Thai Baht to dollars when you leave Suvarnabhumi Airport.
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