Hello, I am going to HKG from Japan in just 4 days but my credit card got a scratch and is not usable to get cash in local ATMs. I will have to change cash and my options are Japanese yen and Euro. Which one is better to exchange into HK dollars at the moment? Should I exchange it in Japan before leaving or in HKG upon arrival? I guess exchanging Euros into HK dollars in Japan must be very silly, right?
Thanks in advance.
Thanks for the answers, but I may add, I am going next Friday, May 1st and it is a holiday, as well as Saturday and Sunday, so all the banks will be closed!!
Do you think I can exchange at ATMs or I have no other choice than the airport? Thanks!
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May 25th, 2009 at 8:04 am
Exchange rate from Euro to HK Dollars is 1 euro to 10.28 HK
For Yen it is 1.00 JPY = 0.0798471 HKD
Euros might be better as you can see.
May 25th, 2009 at 8:04 am
Either Euros or Japanese Yen are fine, both are major currencies and you'll get the corresponding rate at banks or currency exchanges in Hong Kong. In almost all cases you'll get a better rate of exchange in the country you're visiting, don't exchange in Japan. Exchange only what you'll need at the airport until you can get to a bank or exchange in Hong Kong, as the rates are not as favorable at the airport. Banks will normally give a higher rate of exchange than private currency exchanges, compare the rates before you exchange.
May 25th, 2009 at 8:04 am
When you exchange money in Hong Kong, the money changers (or banks) don't really care which currency you use. Both Euros and Yen are welcomed. You really don't need to change any before you leave Japan unless you want to have some HK currency on hand when you land. There are exchange counters at the airport in HK for such transactions as well.
You can check http://www.xe.com for current exchange rates.
Good luck and enjoy your trip!
May 25th, 2009 at 8:04 am
I would recommend doing an exchange upon arrival. There are currency exchanges all over Hong Kong. The airport exchange will give you a very bad exchange rate. I'd only exchange enough to get to your hotel (maybe a few hundred HKD) and then exchange elsewhere. Most banks will charge you a fee ($50HKD at Hang Seng) if you don't have an account with them already but they'll do the exchange at the current market value. However if you aren't planning on exchanging too much then the money exchanges on the street will exchange it for you at a slightly depressed rate.
May 25th, 2009 at 8:04 am
just Yen into HKD is fine. no need to change fr yen to euro then HKD. we hv $ exchange at the airport but the rates wil be a bit lower. so u better change it when u r in Japan. of cos u can exchange $ in most of the HK banks but they do hv handling charge 4 that. usually = HK$50 per exchange.