Money Exchange for Hong Kong -Services - Money
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The official exchange rate only moves slightly from ~US$1=HK$7.798 (we use 7.8 throughout the website). You can change money in Hong Kong at the following places, with varying levels of rates and commissions. Keep in mind that the exchange rate for traveler's checks is almost always better than that for cash.
Airport: Rates are a bit higher here, so change only what you need to get into the city as you'll get a better rate at a bank.
Bank: The best rates are at the banks, but some are better than others. Often, it depends on how much you are changing as some charge commissions (with less favorable rates) and others don't, but may have an attractive exchange rate. Shop and compare, as with everything in Hong Kong.
Hotel: The rates at hotels are not as good as at the banks, but they do have better hours.
ATM: That's right, at an Automated Teller Machine. There are ATM's all over Hong Kong (Star Ferry piers, large banks, major MTR stations, the Airport, etc.) and their exchange rates are better than the banks. What you have to watch out for is the commission your credit card company charges you. This can be a great way to get foreign currency anywhere if the amount is large enough to make the charges economical. It's also a great way for your credit card company to make a few extra dollars. It is a good idea to know before you go what your credit card company charges you for this service.
Money Changers: Visit these teeming entrepreneurs only as a last resort. If you see a very good rate advertised, then watch out for a commission charge. Again, use them only if you have to.
