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T1an Carnal Conqueror UID 73778 Digest Posts 0 Credits 241 Posts 51 Karma 240 Acceptance 10 Reading Access 30 Registered 4-9-2011 Status Offline

#21 Post at 16-12-2011 10:52  Profile P.M.  Font size: S M L Reply #20 devilgodspeed's post i didn't walk around too much yet. but, i got 7.65 exchange rate for 1 usd in mongkok today.  if my memory is correct, i got as high as 7.70 in tst around september.

devilgodspeed (DGS) Fucking Legend UID 68709 Digest Posts 0 Credits 16052 Posts 2128 Karma 16018 Acceptance 684 Reading Access 100 Registered 27-6-2011 Location manila Status Offline

#22 Post at 16-12-2011 10:58  Profile P.M.  Font size: S M L Reply #21 T1an's post Last Sept it was 7.78 at TST. Actually these money changers post their rate lower but try to haggle with them to increase the exchange rate a bit higher. Some times they give in if they know you'll be exchanging a huge amount of US$ with them.

tonkachi Lustful Lord UID 3263 Digest Posts 0 Credits 841 Posts 565 Karma 820 Acceptance 410 Reading Access 40 Registered 18-9-2007 Status Offline

#23 Post at 16-12-2011 20:36  Profile P.M.  Font size: S M L QUOTE: Originally posted by timewaster at 13-12-2011 08:21 no. they never charge ATM fees, but the ATM where you withdraw might have fees. sorry i meant if you open a bank acct with them and you withdraw foreign currency do you get whacked with a FX fee on top of the ATM fee?  With the citibank acct if I use a citi ATM there is no FX fees and you get the market rate for the cash you withdraw.

tonkachi Lustful Lord UID 3263 Digest Posts 0 Credits 841 Posts 565 Karma 820 Acceptance 410 Reading Access 40 Registered 18-9-2007 Status Offline

#24 Post at 16-12-2011 20:38  Profile P.M.  Font size: S M L QUOTE: Originally posted by T1an at 16-12-2011 10:52 i didn't walk around too much yet. but, i got 7.65 exchange rate for 1 usd in mongkok today.  if my memory is correct, i got as high as 7.70 in tst around september. exchange rate is 1 usd to 7.78 HKD but those dudes will always give you a lower rate

DaBestHK Godfather of Hole UID 38266 Digest Posts 0 Credits 9074 Posts 6140 Karma 8967 Acceptance 2136 Reading Access 90 Registered 19-1-2010 Status Offline

#25 Post at 17-12-2011 10:08  Profile P.M.  Font size: S M L QUOTE: Originally posted by tonkachi at 16-12-2011 20:36 sorry i meant if you open a bank acct with them and you withdraw foreign currency do you get whacked with a FX fee on top of the ATM fee?  With the citibank acct if I use a citi ATM there is no FX fees and you get the market rate for the cash you withdraw. citibank is notorious for using a big spread on its FX conversions. so while there is no ATM fee, they don't necessarily give you the best exchange rate. in HK, the best rate you can get from an international bank is from HSBC. It doesn't matter from which currency account (USD, CAD, AUD) I withdraw HKD from, the rate is always very close to the spot rate you see on Bloomberg. I believe HSBC imposes a limit of HKD 6,500 withdrawal per day if you're withdrawing from an international HSBC account.

moming Carnal Conqueror UID 4402 Digest Posts 0 Credits 429 Posts 467 Karma 426 Acceptance 60 Reading Access 30 Registered 13-11-2007 Status Offline

#26 Post at 17-12-2011 14:01  Profile P.M.  Font size: S M L Reply #25 DaBestHK's post Is there such a thing as international HSBC account? I thought HSBC  accounts in each country are distinct and can't be withdrawn funds in HK if you have an account in England, for example. You can transfer but not withdrawn directly.

timewaster Erotic Emperor UID 7180 Digest Posts 0 Credits 2778 Posts 1944 Karma 2755 Acceptance 467 Reading Access 60 Registered 14-1-2008 Status Offline

#27 Post at 18-12-2011 23:55  Profile P.M.  Font size: S M L QUOTE: Originally posted by tonkachi at 16-12-2011 20:36 sorry i meant if you open a bank acct with them and you withdraw foreign currency do you get whacked with a FX fee on top of the ATM fee?  With the citibank acct if I use a citi ATM there is no FX f ... No FX fee and you get a pretty good FX Rate too. i believe you need to be a citibank gold member to get the FX fee waved. (They change the policy all the time) [ Last edited by  timewaster at 18-12-2011 23:56 ]

DaBestHK Godfather of Hole UID 38266 Digest Posts 0 Credits 9074 Posts 6140 Karma 8967 Acceptance 2136 Reading Access 90 Registered 19-1-2010 Status Offline

#28 Post at 19-12-2011 07:29  Profile P.M.  Font size: S M L QUOTE: Originally posted by moming at 17-12-2011 14:01 Is there such a thing as international HSBC account? I thought HSBC  accounts in each country are distinct and can't be withdrawn funds in HK if you have an account in England, for example. You can transfer but not withdrawn directly. you can withdraw via ATM in HK, or any other country for that matter, that has an HSBC ATM

tonkachi Lustful Lord UID 3263 Digest Posts 0 Credits 841 Posts 565 Karma 820 Acceptance 410 Reading Access 40 Registered 18-9-2007 Status Offline

#29 Post at 19-12-2011 18:09  Profile P.M.  Font size: S M L QUOTE: Originally posted by timewaster at 18-12-2011 23:55 No FX fee and you get a pretty good FX Rate too. i believe you need to be a citibank gold member to get the FX fee waved. (They change the policy all the time) Ya...you need the citibank gold but its worth it since they didn't charge me fees when I withdraw HKD from the citi atm.  And the rate they gave me was 7.7HKD to 1 USD

hkmann Kinky King UID 8788 Digest Posts 0 Credits 1074 Posts 140 Karma 1065 Acceptance 170 Reading Access 50 Registered 25-2-2008 Status Offline

#30 Post at 20-12-2011 14:09  Profile P.M.  Font size: S M L This is probably the best currency exchange in Hong Kong. Rates are better than banks. Word of advice. Call them in advance and check the rate 2523-3403. You can make an appointment as well if you tell them your phonenumber and how much you are going to change. Some hours the place is packed and you will have to stand in a line forever if you had not made an appointment. Once you have a time slot just walk past the line straight to the window to the far right. Will save you some time! QUOTE: Originally posted by moming at 9-12-2011 13:21 Good advice, the best place for exchange is inside the ChungKing mansion, there are quite a few stalls there and their rates are very competitive. If you are in central, you can go to Berlin Company ...

plonkey Kinky King UID 60451 Digest Posts 0 Credits 1072 Posts 332 Karma 1043 Acceptance 580 Reading Access 50 Registered 11-2-2011 Status Offline

#31 Post at 21-10-2014 21:50  Profile P.M.  Font size: S M L Will I be able to exchange Australian Cash at these places?

hoo8myryce Kinky King UID 130838 Digest Posts 0 Credits 1057 Posts 114 Karma 1044 Acceptance 255 Reading Access 50 Registered 22-6-2015 Location USA Status Offline

#32 Post at 14-10-2015 11:04  Profile P.M.  Font size: S M L QUOTE: Originally posted by flowmon at 9-12-2011 12:02 General rules: 1. Never change in your own country unless you need a minimum taxi money 2. Never change at airport.  rates are not good 3. Never change at you hotel.  Rates are even worse than airport ... Thanks for the advise. I know about number 2. But number 3 is interesting. Should really put number 1 to use. Tend to just exchange the amount I think I might need and use everything else on card. Anybody able to confirm that the credit card company exchange rates are better?

doghead (dog) Erotic Emperor UID 16705 Digest Posts 0 Credits 2985 Posts 2230 Karma 2893 Acceptance 1832 Reading Access 60 Registered 2-12-2008 Status Offline

#33 Post at 14-10-2015 12:37  Profile P.M.  Font size: S M L If you cannot get over to Kowloon and your bank does not have a branch in HK, you can always go to the cluster of local and international forex places that are around the Wanchai MTR station, exit A1, (under the pedestrian bridge) between Lockhart Road and Hennessy Road. There must be at least 8 places you can go, no more than 1 minute walking from each other. The local ones (the ones with red shop signs) have great rates (1usd=7.75hkd or better) but will likely close by 6pm. Because of these local places, the international, Western Union / Travelex, etc will also have rates that are close or the same as the local ones. But once those local ones close at 6-630pm, the international ones, Western Union/Travelex, will charge a significantly higher rate, but at least they will be open to the wee hours.

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