Anyone know of a good/safe place with pretty good exchange rates in HK? Selling USD for HKD. I would use HSBC but because I do not hold an account it costs like 100 HKD fee and a low exchange rate. I am from the Kowloon area. I've seen some places but not sure if they are trustable. So wondering if anyone had any experience exchanging at a place not from a bank. I know there's this place in Mong Kok right when you exit the MRT across from the travel tour agency building. Anyone had any experience dealing at that place?
Also looking to buy yen as well with either USD or HKD
If it is smaller amounts such as 1-2 thousand US or pounds, go to Chungking Mansions in Nathan Rd TST - but not the ones right near the door. Go into the ones just before the stairs - eg Western.
They have competitive rates and no commission. If you have good amounts ie not just $100, they will often give you even better than advertised
Britney probably never heard of Scrooge McDuck.
Those who worry about trivial amounts quite often have alllotta money. Call Berlin money exchange.
And some money changers at CK mansion give you a slightly better rate than shown if you ask nicely
Do not change at Chungking ground floor, expecially not at the first shops when you come in, and do not change during non banking hours if avoidable, since the spread is bigger then.
Last edited by hktraveller; 22-08-2008 at 09:46 PM."
Old 2009 thread but hktraveller - a banker - did a good comparison
Nah, I am probably anything but a banker. I just have time to research.
By the way for RMB exchanges either way, around cleverly street in Sheung Wan is a very good place. I sold a larger amount of RMB 2 weeks ago and the price that day was 0.7920 for selling RMB againas HK$ and 0.7938 for selling. The place with the best rate that day (this is not consistent but on a daily changing basis) was the place right opposite the entrance of Shun Tak on Connought Rd. (They do have a separate room for such transactions)
Anyone know a good Malaysian Ringgit FX? I need to exchange about HKD4m into MYR.
Are you talking about 4 million HK$?
The best place to exchange HK$ or US$ into MYR is Bangkok.
At Superrich http://www.superrichthailand.com/editor/rate.html
the spread for US$ is around 3.10/3.12 at present. (bigger spreads occasionally possible, especially on weekends)
I hope you are aware that you can only bring 1000 MYR in and out of Malaysia.
If you know a legal way to bring in large amounts, please let me know.