Originally Posted by HKtraveller
Even I would never declare cash to customs in Thailand. A similar story could happen there as some of them are also looking for such a side income. I already had terrible stories with them depositing my luggage in customs bond. If you send money in by bank, they will convert it to Baht at a much lower rate than Superrich. Superrich is ratewise one of the best places in the world to change (for example) Euros to US Dollars in cash.
Some banks offer USD or Euro accounts so there is no conversion into Baht.