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Which place in HK is best for currency exchange?

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    Which place in HK is best for currency exchange?

    Which place in HK is best for currency exchange?

    Is it Nathan road (Mirrador mansion) or somewher else?

    I'm looking for the best rate to sell RMB/buy HKD.

  2. #2
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    Patel's in Chungking Mansions. these guys are reliable and their rates seem to be the best. They are on the right as you enter the mansions. There's a guy called Henry working there who is very helpful.

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    >> I'm looking for the best rate to sell RMB/buy HKD

    Hard to get best rate on RMB these days unless you have big amount to exchange..

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    Quote Originally Posted by sandia
    Which place in HK is best for currency exchange?

    Is it Nathan road (Mirrador mansion) or somewher else?

    I'm looking for the best rate to sell RMB/buy HKD.
    Check out my favourite spot and their rates are posted daily on their website:

    http://berlincompanyexchangelimited.blogspot.com/

    Berlin Company Exchange Limited
    Room 1703 Chinese Bank Bldg
    61-65 Des Voeux Road
    Central
    tel: 2523 2549

    The worse you can do there is have to wait if the day happens to be a hot currency market but there are no fees, no problems and you want to make sure you get a good rate.

    Take your passport if it is a large sum of money - I can't recall what sum requires that.

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    Best rate rmb/hkd i have been able to find is upstairs on first floor of the mall on Sugar st Causeway Bay opposite lok sing centre

    they advertise the rate on a sign board at the bottom of the stairs

    be careful the other numerous agencies in cwb -they are almost always crap rates

    the sugar street mall changer has always given me a better rate than even the smaller changers in shenzen
    gobears107 likes this.

  6. #6
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    I just remembered that HKTraveller had done this rate comparison last Feb when someone wanted similar information. This was rates on Feb 22, 2008:

    http://www.geoexpat.com/forum/thread30197-2.html

    ------------

    Since comparison is only possible at the same time, here a result:
    Right now:

    Berlin Exchange Tel. 2523 3403
    USD buy: 7.7930 sell: 7.8080
    RMB buy: 1.136364 sell: 1.144165

    HSBC premier (electronic transfer rate, not cash)
    USD buy: 7.7925 sell: 7.8185
    RMB buy: 1.1375 sell: 1.1550 (rounded)

    HSBC China (electronic transfer rate, not cash)
    RMB buy: 1.138434 sell: 1.147578

    China Foreign Exchange 1/F, Chungking Mansion, Tel. 2316 2611
    USD buy: 7.787 sell 7.80
    RMB buy: 1.137 sell: 1.145

    Pacific Exchange, 1/F Chungking Mansion, Tel. 2724 4980
    USD buy: 7.785 sell 7.81
    RMB buy: 1.135 sell: 1.145475

    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.

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    Whats the rate that the offer for USD travellers cheque

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    you can get some good rates if you go inside the world wide centre in central, then go up the esculators to the shopping mall

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    hhmmm
    I have called Berlin and they say HK$ 1,000 buy me Korean Won 157,700
    Yahoo converter says around 140,000
    and my bank says 130,000

    How can that be ?
    What's a good rate these days, any Korean here ?
    Last edited by Morrison; 09-02-2011 at 04:37 PM.

  10. #10
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    yahoo is right. current market rate HKD->KRW is at 1HKD to 143KRW.
    bank is right as well they make that 10KRW off you for spread.

    hit the berlin quote.
    Morrison likes this.

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