June 30, 2008Best forex shops in Hong Kong
Located in Sheung Wan, Cleverly Street is a wall named street. There you can find forex shops to convert your money in HKD or the other way round. It’s a kind of fierce and direct competition between sellers: don’t hesitate to ask for rates at all the shops in the street and then choose the best one. I found that the rates there were quite good: at a time where 1 EUR = 12.2 HKD on financial markets (i.e. in March 2008), I found rates like 1 EUR = 11.4 HKD at one shop, then another rate around 1 EUR = 11.6 HKD and I ended in a shop where, after negotiation, they accepted the rate of 1 EUR = 12 HKD, i.e. 0.2 HKD below the official forex rate, which is a real tight spread. So if you have currency to exchange, forget about the airport, forget about the busy streets of Causeway Bay or even Mong Kok and come here to Cleverly Street where rates are much better.
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