Bangkok Bank exchange rates: What you need to know

Bangkok Bank Exchange Rate Photo

CurrencyFees » Fee Guides » Bangkok Bank exchange rates: What you need to know

Bangkok Bank offers a convenient way to buy a multitude of different currencies. However, foreign exchange rates represent a major pricing point and there is often little clarity around them. We researched Bangkok Bank’s travel money exchange rates to provide you a table showcasing their currency rate spread. Hopefully we can help you save money on your holidays.

Bangkok Bank exchange rates: Information and tips

Know the latest interbank exchange rate for your currency pairs

The interbank rate (also called mid-market rate) is the midpoint between the buy price and sell price of two currencies on the currency markets. Bangkok Bank does not offer the interbank rate but instead adds a margin to it, which makes the foreign currency transaction more expensive for you. Before using Bangkok Bank for your travel money needs, make sure to know the current interbank exchange rate. That way, you’ll be able to calculate FX losses on the currency conversion. You can find the latest interbank rates using our currency converter.

How to calculate exchange rate loss

Here’s what you need to do in order to determine how much Bangkok Bank’s travel money exchange rate spread is going to cost you:

  1. Find the current interbank rate for your currencies using our currency converter
  2. Multiply your original amount by the current interbank rate
  3. Multiply your original amount by the exchange rate Bangkok Bank offers
  4. Subtract the first amount from the second amount
  5. This is the amount you’ll lose through currency conversion with Bangkok Bank

Order your currency online and in advance

Ordering your foreign currency before your trip allows you to compare with rates and fees of other providers. Ordering it online also is usually much cheaper than buying currency at the airport or on arrival to your holiday destination. Make sure to always compare exchange rates before finalising an order.

 

For the best exchange rates, we highly recommend TransferWise. Enjoy your first transfer for free on transfers up to £500.
 

Bangkok Bank exchange rate research

The exchange rate spreads below are for ordering foreign currency online. Rates on other services might differ. Those exchange rate margins are indicative at the time of research. Use the Bangkok Bank currency converter or visit the nearest branch to get the latest rates.

Currency ISO Code Exchange Rate Mid-Market Rate Exchange Rate Margin / Loss
United States Dollar USD 31.83 33.08 3.78%
British Pound GBP 42.15 42.92 1.79%
Euro EUR 36.86 37.49 1.68%
Japan Yen JPY 28.38 29.071 2.38%
Hong Kong Dollar HKD 4.11 4.22339 2.68%
Malaysian Ringgit MYR 7.27 7.90631 8.05%
Singapore Dollar SGD 23.57 24.00192 1.80%
Brunei Dollar BND 23.03 24.00192 4.05%
Chinese Yuan CNY 4.49 4.75496 5.57%
Indonesian Rupiah IDR 1.9 2.25 15.56%
South Korean Won KRW 0.0268 0.02925 8.38%
Laotian Kip LAK 3.53 3.87 8.79%
Philippine Piso PHP 0.5 0.62258 19.69%
Taiwan New Dollar TWD 0.96 1.07459 10.66%
Australia Dollar AUD 23.2 23.90467 2.95%
New Zealand Dollar NZD 21.82 22.28227 2.07%
Switzerland Franc CHF 31.86 32.89253 3.14%
Denmark Krone DKK 4.78 5.02632 4.90%
Norway Krone NOK 3.76 3.92447 4.19%
Swedish Krona SEK 3.49 3.64489 4.25%
Canada Dollar CAD 24.54 25.03946 1.99%
Russian Ruble RUB 0.37 0.48757 24.11%
Vietnamese Dong VND 1.16 1.42 18.31%
South African Rand ZAR 1.92 2.30285 16.63%
United Arab Emirates Dirham AED 7.34 9.00663 18.50%
Bahraini Dinar BHD 63.47 87.97032 27.85%
Omani Rial OMR 62.52 86.0256 27.32%
Saudi Arabia Riyal SAR 7.21 8.82049 18.26%

How we collect our data & advertiser disclosure

Bangkok Bank’s exchange rate was collected from Bangkok Bank’s website on 09/11/2018. Interbank rates collected from x-rates.com on 09/11/2018. The information displayed on this site is subject to change at any time and we do not guarantee 100% accuracy of the information.
For the today’s rates, visit Bangkok Bank’s website, contact Bangkok Bank’s customer support or log into your online banking and search for their exchange rate calculator. Currencyfees.com is not liable for any financial decisions based on the above information. Currencyfees.com is supported by referral compensations by some of the companies listed in our articles.

Leave a Comment





1 Shares
Share1
Tweet
Share