Hong Kong is an international financial city of China, it is very convenient to exchange currency. Here are the ways which you can exchange local currency when you are traveling in Hong Kong.
Banks (Safe but Lower Rates)
- Bank of China, HSBC, Hang Seng and other local banks offer reliable exchange services.
Pros: Secure, multiple branches.
Cons: Lower rates, fees for non-customers.
Cons: Lower rates, fees for non-customers.
Licensed Money Changers (Better Rates)
Popular Spots:
- Tsim Sha Tsui (Nathan Road)
- Central (Exchange Street)
- Mong Kok (Argyle Street)
Airport & Hotels
Airports and some hotels offer exchange services but always remember to check the rate from the banks’ websites and do a comparison before proceeding.
ATMs (Fair Rates, But Fees might incurred)
- There are ATMs of big banks provide exchange services.
Warning: Some ATMs charge foreign card fees (check with your bank).
Best & Worst Currencies to Exchange
- Best Rates: USD, EUR, GBP, JPY (widely accepted).
- Worst Rates: Exotic currencies (exchange before arriving).
How to Get the Best Exchange Rate
- Compare Rates Online Before Proceed
- Always ask if large amounts would have a better rate
Digital Payment Alternatives
- Octopus Card (For transport & small purchases).
- WeChat Pay / Alipay (Widely accepted).
- Credit Cards (Visa/Mastercard for big purchases).
Common Scams & How to Avoid Them
- Rigged Calculators – Count your money before leaving.
- Hidden Fees – Ask for the total amount you’ll receive before proceeding.
- Fake Notes – Exchange at reputable shops or banks.
Final Tips
- Exchange at reputable shops or banks.
- Carry your passport (might required for large exchanges).
- Use ATMs from major banks for fair rates.
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