The Best Exchange Rate in Thailand

| August 8, 2010 | 14 Comments | 19,052 views

The best exchange rate in Thailand is at Super Rich across the street from the burned out Central World Mall.

Click here for map location.

Super Rich
67 69 Rachadamri Rd. Lumpini
Patumwan กรุงเทพมหานคร 10330 ไทย
02-655 2488

You can judge how good the exchange rate being offered by looking at the spread or difference between the buy and sell price.

As long as these are legitimate and a money changer really does stand ready to buy and sell at the posted price, the narrower the spread the better the rate they are offering.

If a crooked money changer knows that most of his action is on one side, e.g. only people buying Thai Baht,  he can make his rate look good by showing a narrow spread but offering a bad price for buying Thai Baht and not be willing to sell Thai Baht at the advertised price.

This is not the case at Super Rich where they honor both buy and sell rates.

If the money changer is willing to buy and sell at his posted rates, then the spread can be used to judge how good his rates are.

Check out these rates from Super Rich.

The buy is 32.19 and the sell is 32.23 for transaction over $100USD– a spread of only .04 THB.

You can’t get narrower than that and, if you did the money you save wouldn’t be significant anyway.

Just in case you do decide to visit Super Rich, be warned that you need to bring ID–your passport or Thia driver’s license are accepted. They make a photocopy of it before you are allowed to transact.

SuperRich. The best exchange rates in Thailand.

BigBabyKenny

Comments (14)

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  1. Money Man says:

    Super Rich at Prom Pong BTS Station (Emporium) was offering 31.77/dollar on Sunday, Aug. 8th. As were all the others.
     
    How current are your figures?  Or is the point of your post just to emphasize profit margins?

  2. BBK says:

    Money Man,

    The figures are from a week ago.

    In the past, I have repeatedly compared the Super Rich rates to the rates posted by the Thai banks at their branches and they are always better when exchanging USD for Thai Baht.

    In the past, the difference has been over 1000 THB or more on exchanges in the 1000 USD+ range.

    BigBabyKenny

     

  3. wentworth says:

    This link shows all the Thai banks and Super Rich and is updated regularly.
    http://bankexchangerates.daytodaydata.net

  4. BBK says:

    Wentworth,

    I used your link to check the USD to THB exchange rate.

    It supports the post. Super Rich rates are better than any of the Thai banks.

    Great link.

    BigBabyKenny

  5. harold Zink says:

    Hey Kenny,
     
    I’m going to Thailand and am working on what kind of money to bring.  When I use money I mean cash, atm, credit card and traveler checks.  How does the cash rate differ from the traveler check rate?  I didn’t notice that Super Rich takes traveler checks.  I know here is a fee per traveler checks and I have mine in $500USD denomination. Also, in your opinion, could a better rate be derived from using an ATM card at a machine that doesn’t charge 150 baht, such as city bank.  I’m going to SEA for a while, and don’t know if I want eo be carrying massive amounts of cash with me, or restock as I travel around.
     
    I’ve enjoyed reading your site,

  6. Fake Professor says:

    Editor’s note: Please don’t post personal information in the comments.

    BigBabyKenny,

    School starts soon get you head in the game!  See you in the fall, it will be an interesting Semester for sure.  We’ll see to that!  LOL!

  7. Fake Professor says:

    Editor’s note: Please don’t post personal information in the comments.

    I’ll still see you in the fall fat boy

  8. Fake Proffessor says:

    Editor’s note: Please don’t post personal information in the comments.

    So you post information about Penfolds real name but not for you butt buddies at XXX……. interesting!

  9. Fake Professor says:

    Editor’s note: Please don’t post personal information in the comments.

    ps you sound very bitter about getting outed LOL

  10. crickets says:

    ka-ching, ka-ching, ka-ching!
    chiiiirp, chiiiirp, chiiiiiiiirp, chiiiiiiirp! 

  11. crickets says:

    Ding, Ding, Ding!
    chiiiiirp, chiiiiiirp, chiiiirp, chiiiiiiirp, chiiiiirp, chiiiiiiiirp!!
    chiiiiirp, chiiiiiirp, chiiiirp, chiiiiiiirp, chiiiiirp, chiiiiiiiirp!!
    chiiiiirp, chiiiiiirp, chiiiirp, chiiiiiiirp, chiiiiirp, chiiiiiiiirp, chiiiiirp, chiiiiiirp, chiiiirp, chiiiiiiirp, chiiiiirp, chiiiiiiiirp!!  

  12. crickets says:

    It’s over PRUFROCKyou’re priceslessly irrelevant!

  13. crickets says:

    ka-ching, ka-ching, ka-ching! ka-ching, ka-ching, ka-ching! ka-ching, ka-ching, ka-ching! ka-ching, ka-ching, ka-ching! ka-ching, ka-ching, ka-ching! ka-ching, ka-ching, ka-ching! ka-ching, ka-ching, ka-ching! ka-ching, ka-ching, ka-ching!chiiiirp, chiiiirp, chiiiiiiiirp, chiiiiiiirp! 

  14. Yeah, that’s the ticket, sir or ma’am

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