Please log in to reply 3 replies to this topic

[Kwasaki]

On Bangkok Bank web site they show rates, bank note is obvious but what are the others given to some countries not all :-

Are they applied to money coming in from overseas bank. ?

1. ( sight bill ) mean ??

2. ( TT )  ??

3. The last one selling rates, i. ( bill )  ii. ( DD )  iii. ( TT ). ??

Edited by Kwasaki, 2012-02-10 12:41:04.

[Daveroc]

The terms on the schedule are as follows.

TT.   Telegraphic Transfer (SWIFT/electronic)

Sight Bill. refers to items such as cheques, and travellers cheques and drafts)
The terms buy and sell are from the Bank viewpoint. We buy currrency from you either in the form of electronic transfer or Travellers cheques or cash or Bank draft.
Note buy. We buy cash from you
The best rate you will get is if you give us the currency by TT from your overseas bank. The worst rate you will get is if you  give us foreign currency in the form of cash
We have one sell rate no matter whether we sell you the foreign currency in cash, telegraphic transfer, travellers cheques or bank draft.

[Kwasaki]

Daveroc, on 2012-02-10 13:04:12, said:

The terms on the schedule are as follows.

TT.   Telegraphic Transfer (SWIFT/electronic)

Sight Bill. refers to items such as cheques, and travellers cheques and drafts)
The terms buy and sell are from the Bank viewpoint. We buy currrency from you either in the form of electronic transfer or Travellers cheques or cash or Bank draft.
Note buy. We buy cash from you
The best rate you will get is if you give us the currency by TT from your overseas bank. The worst rate you will get is if you  give us foreign currency in the form of cash
We have one sell rate no matter whether we sell you the foreign currency in cash, telegraphic transfer, travellers cheques or bank draft.

Thanks for info Regards K

[bunnydrops]

A good link for rates

http://bankexchanger...et/default.aspx