With reference to the retirement visa based on annual income + savings in Thai bank to total 800,000baht.....who decides the exchange rate? At the moment the GB£ is fluctuating around £1=43THB. Where do immigration get the rate from on the application day? Thanks!
TLDR : Answer Summary
The exchange rate used by Thai immigration offices for retirement visa applications can vary and is often subjective, determined by the immigration officer on duty. Various comments suggest that officers may reference different sources for current rates, such as XE or the Bank of Thailand's mid rate, and some even pull figures from their own estimates. It's advised to leave a margin in the conversion rate to ensure compliance with the 800,000 baht requirement, as practices may differ from one office to another.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
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