• Bank Sells refers to the exchange rate at which the bank sells foreign currency to customers. In this case, customers purchase foreign currency and make payment to the bank in Thai Baht.
• Bank Buys refers to the exchange rate at which the bank purchases foreign currency from customers. In this case, customers sell foreign currency and receive Thai Baht from the bank.

• D/D (Demand Draft) refers to an international bank draft or cheque.
• T/T (Telegraphic Transfer) refers to an international fund transfer conducted through the banking system.
• Notes (Banknotes) refers to cash in the form of physical banknotes.

The applicable exchange rate should be selected based on the type of transaction being conducted.

This is because each type of transaction involves different costs and risks.

• Cash transactions (Notes) incur higher costs related to transportation, storage, and the risk of damaged or deteriorated banknotes, resulting in a higher exchange rate cost.
• Fund transfer transactions (T/T) are processed electronically through the banking system and generally involve lower costs and risks.

For transactions involving cash (banknotes), the exchange rate under Notes should be considered, as follows:

• If a customer uses Thai Baht to purchase foreign currency, the Bank Sells – Notes rate should be applied.
• If a customer sells foreign currency to receive Thai Baht, the Bank Buys – Notes rate should be applied.

There is no fixed number of times that foreign exchange rates are updated each day. Exchange rates may be adjusted more or less frequently depending on:

• Movements in the financial markets
• Domestic and international economic factors
• Currency volatility during that period

Customers are advised to check the displayed date and time together with the exchange rate each time before making a transaction.