The 5 Best Places to Exchange Money in Hong Kong

Hong Kong Travel Guides / October 19, 2016
The 5 Best Places to Exchange Money in Hong Kong Image credit: leungchopan

Currency exchanging is not the matter in Hong Kong.

From the moment you land at the airport, you can already find money changers at the terminals, though with lower rates than in the city.

Some travelers prefer to use the ATM to withdraw local currency. Others exchange money through banks and hotels.

However, if you want to have more Hong Kong dollars, you should head yourself to the city’s popular tourist areas or commercial districts. There are a large number of money changers clustered around these hubs, providing people with the most competitive rates.

As a general tip, you should compare rates around to get the best offers possible. Take note that the Hong Kong dollar is pegged with the US dollar at HK$7.8 per US dollar.

Also, it’s always good to ask if a money changer charge commission or exchange fee. If yes, just stay away from those service providers because there are many that do not collect ‘extra fees’.

Another useful tip: Try your haggling skill.

And now it is time for naming the 5 best places in Hong Kong with large number of good money changers – having advantageous rates and convenient locations.

1. Money Changers in Central District

Money Changers in Central District Image credit: Ngau Kee Money Changer

The Central District of Hong Kong is the city’s main business district. As such, it is home to the headquarters of international financial institutions in Hong Kong.

A myriad of foreign exchange companies choose to settle down there, making it convenient for both locals and visitors to get their wanted currency.

You can find many of them along Des Voeux Road and Cleverly Street. Most of them are within walking distance from Central station or Sheung Wan station.

Best rates for
– USD
– EUR
– AUD
– CAD
– CHF
– GBP
– IDR
– INR
– KWD
– MYR
– SGD

Recommended money changers
1) Ngau Kee Money Changer
Today-rates
– Services: Currency exchange, telegraphic transfer
– Address: G/F Champion Building, 1 Cleverly Street, Hong Kong
– Phone: +852 28505057
– Opening hours: Mon to Fri 09:00 – 17:30; Sat 09:30 – 17:00 (Closed on Suns & PHs)

2) Travelex
– London-based international foreign exchange company
Today-rates
– Services: Currency exchange, money transfer, travel insurance
– Address: Unit A1, Ground Floor, Wheelock House, 20 Pedder Street, Central, Hong Kong
– Phone: +852 28683332
– Opening hours: Mon to Fri 09:00 – 19:30; Sat & Sun 08:00 – 20:00

3) Berlin Company Exchange
– Advance reservation is available for amounts above HK$5,000
Today-rates
– Address: Rm. 1703 Hong Kong Chinese Bank Building, 61-65 Des Voeux Road Central, Sheung Wan, Hong Kong
– Phone: +852 25233403
– Opening hours: Mon to Fri 9:30 – 18:00; Sat 9:30 – 14:00 (Closed on Suns & PHs)

4) UAE Exchange
– International foreign exchange company based in Abu Dhabi
Today-rates
– Services: Currency exchange, remittance, bills payment
– Address: Shop 104, Worldwide House, No. 19 Des Voeux Road Central, Central, Hong Kong
– Phone: +852 28400410, 28400730/40
– Opening hours: Mon to Sat 09:00 – 18:00; Sun 08:00 – 18:30

5) Shing Kee Money Exchange
– Shop A1, G/F Champion Building, 287 Des Voeux Road Central, Sheung Wan, Hong Kong
– Opening hours: Mon to Fri 10:00 – 20:00

2. Money Changers at Causeway Bay

Money Changers at Causeway Bay Image credit: Professional Foreign Currency Exchange

Causeway Bay is one of the busiest and most luxurious shopping areas in Hong Kong. You should get your Hong Kong dollars before heading to one or two of the shopping places in the area such as Time Square, SOGO Department Store and Island Beverly Center.

You have no difficulty in having your money exchanged in Causeway Bay. Because, besides being a shopping district, it is also a popular currency exchange hub of Hong Kong.

You can get to the area by MTR, alighting at Causeway Bay – the nearest MTR station.

Best rates for
– GBP
– USD
– SGD
– AUD
– CAD
– EUR
– CHF
– IDR
– INR
– KWD
– MYR

Recommended money changers
1) Professional Foreign Currency Exchange
Today-rates
– Services: Currency exchange, telegraphic transfer
– Address: Shop B9-B10 Basement, Causeway Bay Centre, 15-23 Sugar Street, Causeway Bay, Hong Kong
– Phone: +852 28056310 / 31767660
– Opening hours: Mon to Sat 10:00 – 19:00; Sun 09:00 – 18:30

2) City Foreign Exchange
– Services: Currency exchange, remittance
– Address: Shop 1110-1111, 1/F Causeway Bay Commercial Building, 1-5 Sugar Street, Causeway Bay, Hong Kong
– Phone: +852 23667742
– Opening hours: Mon to Fri 09:00 – 22:00; Sat & Sun 09:00 – 21:00

3) People’s Money Exchange
– Open late until 23:30 everyday
– Services: Currency exchange, remittance
– Address: 18 Russell St., Causeway Bay, Hong Kong
– Phone: +852 28930116
– Opening hours: 10:00 – 23:30 daily

4) UAE Exchange
– International foreign exchange company based in Abu Dhabi
Today-rates
– Services: Currency exchange, remittance, bills payment
– Address: Shop B1, G/F No. 6 Matheson St., Causeway Bay, Hong Kong
– Phone: +852 25770591
– Opening hours: 10:00 – 20:00 daily

5) G.Y.N. Money Exchange
– Services: Currency exchange, remittance
– Address: Shop No.2, G/F Progress Commercial Bldg., No.9 Irving Street, Causeway Bay, Hong Kong
– Phone: +852 28816370
– Opening hours: 09:30 – 18:30 daily

3. Money Changers at Chungking Mansions (Tsim Sha Tsui)

Money Changers at Chungking Mansions (Tsim Sha Tsui) Image credit: Pacific Exchange

Tsim Sha Tsui is a major tourist and shopping area in Kowloon, Hong Kong. Money exchange companies abound in this district.

If you are staying around the area, then Chungking Mansions is the first place to check out. It is a residential building with commercial space at the ground floor. You will find money changers on the first level, along with retail shops and restaurants.

You should engage service of one among the money changers inside the building because they have better rates, compared to those near the entrance.

The mansion is accessible via MTR. It is only 2 minutes away from Tsim Sha Tsui station (Exit F).

Best rates for
– AED
– CNY
– PHP
– THB
– TWD
– USD
– MYR
– NZD
– SGD

Recommended money changers
1) Pacific Exchange
Today-rates
– Services: Currency exchange, money transfer
– Address: Shop No.65, 1/F Chungking Mansions, 36-44 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong
– Phone: +852 27244676
– Opening hours: Mon to Fri 09:30 – 18:30; Sat 09:30 – 16:30 (Closed on Suns & PHs)

2) Kin Shing Money Exchange (KSME)
– Reservations can be booked via phone (for a minimum amount of HK$5,000)
Today-rates
– Address: Shop No. 87 1/F Chung King Mansions, 36-44 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong
– Phone: +852 23680084/+852 23683712/+852 23664952
– Opening hours: Mon to Fri 09:00 – 18:00; Sat 09:00 – 14:00 (Closed on Suns & PHs)

3) 7 Star Money Exchange
– Address: Shop No. 71 1/F Chung King Mansions, 36-44 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong
– Phone: +852 23238764
– Opening hours: Mon to Fri 09:00 – 18:00; Sat & Sun 10:00 – 15:00

4) Real Forex & Remittances
– Services: Currency exchange, remittance
– Address: Shop No. 88A 1/F Chung King Mansions, 36-44 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong
– Phone: +852 23694044
– Opening hours: Mon to Sat 09:00 – 21:00; Sun 09:00 – 20:00

5) City Foreign Exchange
– Services: Currency exchange, remittance
– Address: Shop No. 9 1/F Chung King Mansions, 36-44 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong
– Phone: +852 27392832
– Opening hours: Mon to Fri 09:00 – 22:00; Sat & Sun 09:00 – 21:00

4. Money Changers at Hankow Centre (Tsim Sha Tsui)

Money Changers at Hankow Centre (Tsim Sha Tsui) Image credit: belchonock

Another popular place for currency exchange in Tsim Sha Tsui is Hankow Centre. This commercial building is filled with money changers, shops, restaurants, offices, and apartment units.

The nearest MTR station is Tsim Sha Tsui, you just need to walk 3 minutes from Exit E.

Best rates for
– EUR
– CHF
– GBP
– CAD
– AUD
– SGD
– IDR
– INR
– KWD

Recommended money changers
1) UAE Exchange
– International foreign exchange company based in Abu Dhabi
Today-rates
– Services: Currency exchange, remittance, bills payment
– Address: Unit 310, 3/F Hankow Centre, No. 5-15 Hankow Road, Tsim Sha Tsui, Kowloon, Hong Kong
– Phone: +852 27244480
– Opening hours: Mon to Fri 09:00 – 19:00; Sat 09:00 – 13:00 (Closed on Suns & PHs)

2) Orient Exchange
– Formerly known as Lotus Forex Limited
– Services: Currency exchange, money transfer
– Address: G20, G/F Hankow Centre, 5-15 Hankow Road, Tsim Sha Tsui, Kowloon, Hong Kong
– Phone: +852 23110014
– Opening hours: Mon to Fri 09:00 – 18:00; Sat 09:00 – 15:00 (Closed on Suns & PHs)

3) Wall Street Exchange
– Services: Currency exchange, money transfer
– Address: Unit 222 Hankow Centre, 5-15 Hankow Rd, Tsim Sha Tsui, Hong Kong
– Phone: +852 23175082
– Opening hours: Mon to Sat 09:00 – 22:00 (Closed on Suns & PHs)

4) GCC Exchange
– Services: Currency exchange, money transfer
– Address: Unit 223A, 2/F Hankow Centre, 5-15 Hankow Road, Tsim Sha Tsui, Hong Kong
– Phone: 852 23666674
– Opening hours: Mon to Sat 09:00 – 19:00 (Closed on Suns & PHs)

5) United Exchange
– Services: Currency exchange, money transfer
– Address: Room 405, 4/F Hankow Centre, 5-15 Hankow Road, Tsim Sha Tsui, Kowloon, Hong Kong
– Phone: +852 27394800
– Opening hours: Mon to Fri 09:00 – 17:00

5. Money Changers at Mong Kok

Money Changers at Mong Kok Image credit: TEA

Mong Kok is one of the major shopping areas in Kowloon, Hong Kong. The district is home to many budget shopping venues such as Ladies’ Street Market, Sneakers Street, and Temple Street Night Market.

If visiting a Hong Kong’s street market is one of the must-do activities in your bucket list, then you can squeeze both shopping and money exchanging in one trip to the area.

Money changers are available in large quantities in the vicinity. Most of them are clustered around Nathan Road and Shantung Street.

Best rates for
– IDR
– THB
– TWD
– MOP
– SGD
– MYR
– CNY

Recommended money changers
1) Money Express
– Located near the Ladies’ Market
Today-rates
– Services: Currency exchange
– Address: A G/F 28 Tung Choi Street, Mong Kok, Kowloon, Hong Kong
– Phone: +852 27130026
– Opening hours: Mon to Fri 09:00 – 19:00; Sat 11:30-19:00 (Closed on Suns & PHs)

2) Monex Trading Center
– Services: Currency exchange
– Address: 400 Reclamation St., Hong Kong
– Phone: +852 36894428
– Opening hours: Mon to Sun 09:00 – 22:00

3) Fung Kee Foreign Exchange
– Services: Currency exchange, money transfer
– Address: Shop 21 G/F Man Sun House, 163-173 Portland Street, Mong Kok, Kowloon, Hong Kong
– Phone: +852 27800120
– Opening hours: Mon to Sat 10:30 – 21:30

4) Po Hing Ho Money Exchange
– Services: Currency exchange, money transfer
– Address: G/F 597 Shanghai Street, Mong Kok, Kowloon, Hong Kong
– Phone: +852 23945526
– Opening hours: 08:00 – 19:00 daily

5) Kingdom Exchange
– Near Mong Kok Stadium and Yuen Po Street Bird Garden
– Services: Currency exchange, money transfer
– Address: Shop D, G/F Grandwin Court, 769 Nathan Road, Mong Kok, Kowloon, Hong Kong
– Phone: + 852 23902911
– Opening hours: 09:00 – 19:00 daily

Notes
– Most of the money changers are within walking distance from Mong Kok station.
– Kingdom Exchange, at Grandwin Court, is nearer to Prince Edward station.