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Best place to exchange money

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  1. #1

    Join Date
    Nov 2007
    Location
    Perth, Australia
    Posts
    4

    Best place to exchange money

    Hey guys, first post here, hope I put this in the right place.

    I'm going to buy a laptop today (an Asus G1S for those interested) but I need to get my Australian dollars changed.

    Where do you think I will get a good exchange rate? 10 days ago I was at the airport and the exchange rate there was 7.7 I was totally assured by my family that the exchange rate would be higher at a bank in the City, but checking through the HSBC ATM, the exchange rate is 6.75. Significantly lower

    So, in short, where will I find the best exchange rate? I don't mind taking a bus out to the airport if it means I am going to get a much better rate.

    Thanks everyone
    (Also, if this is in the wrong place, please move it)
    -Kip


  2. #2

    Join Date
    Mar 2006
    Posts
    4,018

    I am not sure if this is the best but I felt I got a good rate in October and will use them again in future -

    http://berlincompanyexchangelimited.blogspot.com/

    Berlin Company Exchange Limited
    Room 1203 Chinese Bank Bldg
    61-65 Des Voeux Road
    Central
    tel: 2523 2549

    Just to add, I liked their service and they are nice to deal with.

    Secondly, the larger the currency (ie $100s vs $20s - in my case Canadian), the better the rate if I recall correctly. Also, if the bills are "older" they ding you a small amount. I had 3 bills they took off a tiny amount for but overall I was very pleased with the rate they paid as you will see on the website I noted above.

    Last edited by Football16; 20-12-2007 at 12:05 PM.

  3. #3

    Join Date
    Oct 2007
    Location
    Adelaide/Bantian
    Posts
    1

    The Aussie dollar is all over the place I was in the bank of China and the rate droped when the paperwork was finished. Allthough one day I almost was given the US rate. Airports are lower rates but quicker if its a small amount. Check the day rate on the RBA site they have history and exel sheets.


  4. #4

    Join Date
    Nov 2007
    Location
    Perth, Australia
    Posts
    4

    Thanks.

    Oh well, the exchange rate has been falling ever since

    I just hope I can find somewhere good while walking around the city this afternoon.

    Last edited by kiplinght; 20-12-2007 at 01:15 PM.

  5. #5

    Join Date
    Jul 2006
    Location
    Mainland
    Posts
    184

    Try Chunking Mansion; there are 3-4 exchanges right at the entry and the rates are very ok.


  6. #6

    Join Date
    Apr 2003
    Posts
    88

    Chung king definately changer yellow sign opposite Indian take away, do not stop at the front entrance go in 100 metres


  7. #7

    Join Date
    Oct 2006
    Posts
    98

    Definitely go to ChungKing, they have the best rate because of the competition. I was there couple of weeks ago, US$ for HK$ was 7.77, the bank was $7.6 at best. Bring cash, it has a best rate than travelers checks.



    Woodpecker


  8. #8

    Join Date
    Mar 2007
    Posts
    9

    where is chung king mansion


  9. #9

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    13,496
    Quote Originally Posted by dondiliza
    where is chung king mansion
    nathan road.

  10. #10

    Join Date
    Nov 2007
    Posts
    107

    EC Xchange in TST

    Try this.
    http://www.easyexchangehk.com/

    Cheers,


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