5 Centres with Best Exchange Rates in Hong Kong: Convenient & Helpful

Hong Kong Travel Guide / November 13, 2020

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 a large number of good money changers – having advantageous rates and convenient locations.

1. 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

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
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

Address: 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

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

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
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)

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

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)

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

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

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

RECOMMENDED MONEY CHANGERS
1) Money Express

Located near the Ladies’ Market
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

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