I once wrote an article on How to withdraw money in Thailand, which I periodically add something new or remove obsolete data. However, separately I want to draw attention to how to convert baht into rubles. However, the conversion scheme It concerns not only bahts, but any tugrikovoy currency, that is, those countries whose local currency is not dollars and not euros.
The article is for those who do not know and do not understand the scheme of conversions and upset about the allegedly high commissions. There are often no commissions, and just exchange differences play a role. Although the choice of the bank is is serious, especially if you are driving for a long time, because even 1-2% losses over a long period of time (for example, half a year) are already weighty amount.
The content of the article
- 1 General scheme for the conversion of baht (tugriks) into rubles
- 2 A concrete example of the translation in numbers
- 2.1 Ruble card
- 2.2 Dollar card
- 3 Calculator and bank rates
Contents
The general scheme for converting baht (tugriks) into rubles
There is no direct exchange rate of rubles for Thai baht. Meaning the one that is posted everywhere on the Internet (cross course), and according to which people accustomed to transfer the ruble to baht. And when it comes to estimate for yourself in your mind the order of prices in the store, then the cross rate you can use. Once the ruble and the baht were about equal, but now the ruble has fallen heavily and 1 baht = 2 rubles, then There are all prices in Thailand must be multiplied by two.
When money is withdrawn from the card, you can also use cross rate, but this is a rough calculation. It would be more correct to consider through dollar: baht translate into dollars at the rate, and then dollars into rubles. Именно в таком порядке THB=>USD=>RUB. Only then will real exchange rate.
Thai baht-ruble cross rate, baht markedly higher
The conversion scheme on the example of Thailand and the ruble card is as follows: we remove baht in an ATM, the ATM sends a request to the payment system (Mastercard or Visa) in baht, payment system recounts it in dollars (depends on your bank, maybe euro), and after that there is a conversion of dollars into rubles. Thats there is a scheme in most cases such THB=>USD=>RUB.
Let’s take a closer look at what commissions can be at transfer of rubles to Thai baht by means of a bank card (withdrawal cash or payment in the store). Naturally, all commissions differ depending on the specific Russian bank and their need to check with your bank in rates, or use the summary signs from the forum banks.ru.
- Fee for withdrawal at an ATM of a third-party bank (usually 1-2%, but less often 0%). This commission is not available when paying by card in store, so I advise you to pay with cards, instead of removing they cash.
- Потеря на конвертации THB=>USD (курс платежной системыMastercard or Visa). We cannot influence this course in any way; All cards are one.
- Cross-border payment of Visa or Mastercard (from 0% to 2%). If it is very easy to explain, then such a commission arises, when there is a payment of another currency. You need to choose RF banks that Do not take this commission.
- Потеря на конвертации USD=>RUB. This conversion produces your RF bank. Exchange rates are different; the best is the course. Central Bank, but often the rate of the Central Bank is plus 1-3% above.
- Also, if you shoot at an ATM of a Thai bank, it will take its fixed commission of 200 baht, which is from nothing depends.
This scheme is applicable, as I said above, for any a country with its own currency. Only the commission will be different. ATM depending on the country and the maximum withdrawal amount. For example, in Russia, ATMs do not charge a commission and often withdraw a maximum of 7-10 thousand rubles on a foreign card. I will remind Thai ATMs give out 20-30 thousand baht per time.
A specific example of the translation in numbers
Ruble card
Take this example from last wintering. Paid purchases in a supermarket for 10,000 baht (if it were filmed at an ATM, it would be another commission 200 baht). My Tinkoff ruble debit shot about 17,500 rubles. Calculate how it happened.
- Курс THB=>USD у Мастеркарда на день снятия 33.56 (на сайтеMastercard should be selected in the “Base currency” USD, and then in the table watch baht), then 10,000 baht – it is 297.97 dollars.
- Далее смотрим карточный курс ТКС USD=>RUB на моментthe operation (usually 2 days later) – 58.72, that is, 297.97 the dollar is ~ 17500 rub.
- Tinkoff does not have a Tinkoff cross-border payment fee.
Total 17,500 rubles, that’s right.
Dollar card
Now we estimate, if the card was bucks. Would shoot then просто 297.97 доллара, потому что первая конвертация THB=>USDhappens in the same way. But the bucks had to be thrown on a dollar bill. And, if you have income in dollars, then everything is cool – only one conversion. However, most Russians have exactly the income in rubles, therefore it remains for them, or in advance to shower there a large amount before the trip, or periodically make an online exchange. Let’s take a closer look, because not everyone understands that buying dollars in advance does not always save the situation.
For example, I bought bucks a couple of weeks before the trip to Thailand at the rate of 54 rubles. That is, 297.97 bucks, which we are above they said (buying in the supermarket), they cost me 54 * 297.97 = 16100 rubles, and not 58.72 * 297.97 = 17,500 rubles, if I paid with a ruble card. Save 1400 rubles, great!
But! Bucks I could buy on any other day, not the best for of the course— For example, at 62 rubles, and then the course would go down. And then I if I had a bucks I would have cost 62 * 297.97 = 18474 rubles, 1000 rubles more. Unpleasant
See how the course constantly jumps. He once grew very strongly, and now it throws 10-20 rubles in the corridor. By the way, I then, really, I bought bucks, both at 62 rubles, and at 72 rubles, and not only by 54. You must understand this and take into account. In this way, throwing dollars into a dollar bill while in Russia can to be, as profitable or not, it all depends on the exchange rate. Ideally, you need to monitor the course and calculate all the options, this is the question what money to take to thailand.
Calculator and bank rates
Maybe someone will find it all too complicated, but if you you have been in Thailand for a long time (and indeed abroad) and are shooting often money or pay for purchases, it makes little sense understand this topic so as not to pay too much for all these currency conversion. Specific examples of bank cards for travels I voiced in the article Which bank card to choose, and there you can learn more specifically about the commissions of different banks.
- Currency calculator from Google, there is just a cross rate to which you can add about 3% and get something more or less similar to total commission when withdrawing from the card, unless of course your bank Absolutely brutal commissions introduced.
- The rate of Bangkok Bank for the direct exchange of rubles for baht, not at all profitable. But in general, in some Thailand exchangers take rubles and the course is better there.
- Updated list of banks with all fees. Useful a sign where you can quickly find out what will be the commission of the payment systems depending on your bank, as well as at what rate your the bank will convert dollars into rubles.
P.S. Courses listed in the post are already outdated, but the scheme itself conversions remained the same!
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