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Old 23-04-2008, 16:39
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bayleaf bayleaf is offline
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Join Date: Jan 2006
Location: U.K.
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Big Spread

Quote:
Originally Posted by dizbuster View Post
Most cards I use apply a margin of 1.125% plus a fee (with a minimum level). Windows can operate on a much smaller margin and still make a profit.

Today in the UK the Post Office Buying Rate Thb 58.02 to £1; compared to Bkk Bank 61.35 to £1.

Post Office Selling Rate 68.08 Thb to £1; compared to Bkk Bank 63.07 to £1 !!

Would mean changing £100 to Thb and straight back again at Post Office would return £85.22 !!

Wonder why there's such a big spread in the UK to change foreign currency over the counter compared with Thai banks/booths?

P.S. Not having a go at the Post Office in particular, their rates are pretty standard for all banks etc. in UK.
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