Where to get the best currency exchange rate in Phuket? Including Scams

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Where to get the best currency exchange rate in Phuket? Including Scams

This question is probably the very first and most asked question from foreigner arriving to Phuket, Thailand by plane, car, and Ferry boat. (Perhaps arriving to Bangkok or any other places in Thailand)

 

Knowing where to look for the best place to exchange money is key, whether you are planning a holiday, buying a property abroad or setting up an international business. Thailand is a cash society despite people adopting more and more credit card and cryptocurrency (They have more fees than cash). So you still need THB in Cash when you are in Thailand.

 

Airports are commonplace for currency exchanges, enabling travelers to purchase currency of their travel destination immediately before their departure or exchange any excess money back to their local currency upon their return. Because airports are seen as the last port of call, the rates at airport exchanges will, in general, be more expensive than those at a bank in the city of departure.

 

Well, there are many currency exchange shops or booths around Phuket which can be found in various places such as airports, banks, hotels, resorts and many tourist area such as Patong, Kata, Karon, Nai Harn, Kamala, Bangtao, Nai Yang, Cherngtalay and Phuket town. Local banks and non-banks are the most common that can be found.

 

But to get the best currency exchange rate that mean your 1 US Dollar or 1 Euro will need to get the maximum Thai Baht, to get the most value for your money or maximum purchasing power in Thailand. According to www.budgetyourtrip.com, A couple spend approximately 159,990 THB(or 5,333 USD with assumed exchange rate of 1 USD=30 THB) for a month budget(cheap) vacation here in Phuket. So, if you can get 1 THB better rate than normal 1USD=30THB you will get 1USD=31THB, it will be total 159,990 THB VS 165,323 THB. Meaning you get 2% in profit from the same amount of USD in which with this extra cash, you can spend it at a fine-dining dinner or a very luxury bottle of champagne in Phuket.

 

The more money and time you spend in Phuket, the more you should be careful where to exchange your currency because you can receive much more profit or get a rip off easily if you are not careful.

 

So, if you want to get the highest rate or most expensive rate when selling your currency and get cheapest rate when buying a currency. Mamy Exchange Headquarter is your best bet.

Mamy Exchange is conveniently located in the main road suburb of Koh Kaew area, close to many Phuket landmarks such as Lotus, Central Phuket, Patong and Phuket Town.

 

This is the most common way to get to Phuket. Either by car, it takes about 30 minutes from Sarasin Bridge. Travel from Krabi by boat. It takes about 2 hours and travels by plane which is very convenient.

Mamy Exchange company limited is established in 16 February 2016, has been in operation for more than three years. Many customers trust we because we has a reasonable price and is worth exchanging. Many Boots in Phuket choose to do business with us as well.

 

Top tips on how to prevent scams?

  1. Count your currency before handing it the staff

– Prevent overspending or being cheated by saying that you are short on money

  1. Count your Thai Baht when you receive

-To check whether the money received is accountable

  1. Ask for receipt

– Evidence of transaction if something goes wrong

  1. Be careful with too good to be true exchange rates

– If the rate is too good, it may be deceived in other ways.

 

 

How to contact us?

Address: 9/10 Moo. 4, Koh Kaew, Muang, Phuket,Thailand, 83000.(Main road between Phuket airport and Central Festival Phuket, 1 Kilometer before Boat Lagoon )

Contact information

Telephone, WhatsApp, Telegram: 088-7752977 (or +66-88-7752977)

Line: @mamyexchange ([email protected])

Landline: 076-364111

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