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waikeekee (WKK) Kinky King UID 26173 Digest Posts 0 Credits 1190 Posts 777 Karma 1184 Acceptance 129 Reading Access 50 Registered 11-6-2009 Location Shanghai Status Offline

#1 Post at 11-1-2010 10:01  Profile P.M.  Font size: S M L RMB Exchange Rates Hi All; Kindly share how you guys exchange your RMB rates and where can we get the best exchange rates? I would change my HKD to RMB at the near-by neighbourhood store for convenience. RMB10,000.00 = HKD11,351.00 this morning. Please share? RGDS WKK

grantorino2 Carnal Conqueror UID 24089 Digest Posts 0 Credits 314 Posts 315 Karma 313 Acceptance 15 Reading Access 30 Registered 27-4-2009 Location SF Bay Area Status Offline

#2 Post at 11-1-2010 10:12  Profile P.M.  Font size: S M L I'm not a local, but I exhcanged thousands of $US at a place on Humphreys Ave. in TST last month.  The moneychanger is inside a Tailor's shop.  This guy was giving me the stated exchange rate, less a miniscule fraction.  He was the best around and I looked around quite a bit in TST (maybe 20 places) including the banks and near the ferry.

Finn Kinky King UID 6585 Digest Posts 0 Credits 1038 Posts 611 Karma 1029 Acceptance 178 Reading Access 50 Registered 2-1-2008 Status Offline

#3 Post at 11-1-2010 10:24  Profile P.M.  Font size: S M L hmm i use euro's and i got my best rate from the indians in Chunking or Chunghing mansion its in TST think the indians can give the best rate.. im not sure with hkd -> rmb tho..

bizzyb Carnal Conqueror UID 31679 Digest Posts 0 Credits 408 Posts 307 Karma 405 Acceptance 55 Reading Access 30 Registered 25-9-2009 Status Offline

#4 Post at 11-1-2010 10:38  Profile P.M.  Font size: S M L whatever you do, DO NOT exchange at the airport. i must admit that i did this on my first trip there, and felt like such a fool later on when walking around

R_from_Toronto Carnal Conqueror UID 33703 Digest Posts 0 Credits 268 Posts 215 Karma 266 Acceptance 42 Reading Access 30 Registered 1-11-2009 Location Canada Status Offline

#5 Post at 11-1-2010 11:50  Profile P.M.  Font size: S M L The best thing to do is open an HSBC account and make all your exchanges there. They only take like 3 cents off the fx rate. Everywhere else sucks. But if you must, negotiate like hell in TST and you might be able to get a decent rate.

yvieamy Master Mongerer UID 200 Digest Posts 0 Credits 5201 Posts 1716 Karma 5123 Acceptance 1556 Reading Access 80 Registered 24-2-2007 Status Offline

#6 Post at 11-1-2010 12:55  Profile P.M.  Font size: S M L Reply #1 waikeekee's post what you got is pretty good deal and close to the official rate of 1.13

yvieamy Master Mongerer UID 200 Digest Posts 0 Credits 5201 Posts 1716 Karma 5123 Acceptance 1556 Reading Access 80 Registered 24-2-2007 Status Offline

#7 Post at 11-1-2010 12:57  Profile P.M.  Font size: S M L Reply #1 waikeekee's post if going to Shenzhen, exchange at the small CCB counter after going thru the second customs - they also have good rates

hunter (Real Slim Slapper-Status: 九叔 .) Fucking Legend UID 2748 Digest Posts 0 Credits 16230 Posts 12435 Karma 16060 Acceptance 3408 Reading Access 100 Registered 5-8-2007 Location Pussy Paradise, Earth Status Offline

#8 Post at 11-1-2010 13:53  Profile P.M.  Font size: S M L Reply #1 waikeekee's post 1.1351 is pretty good rate. On the lower side. I got it at 1.1325 few days back in Sheung Wan. Most of the regular china punters got it from Chungking Mansion if u are going for stacks of cash. If you have HSBC RMB account - union pay, they offer appx 1.14. sometime I do not carry so much cash, I just utilise the rMB credit card, 0.01 variance aint much. The one at the cross border (lo Wu) is usually on the high side, 1.16 to 1.18.   Not sure bout the CCB Yviemy talking bout. Perhaps at acceptable rate. Retired from pussy arena….Uncle 9

yvieamy Master Mongerer UID 200 Digest Posts 0 Credits 5201 Posts 1716 Karma 5123 Acceptance 1556 Reading Access 80 Registered 24-2-2007 Status Offline

#9 Post at 11-1-2010 14:12  Profile P.M.  Font size: S M L Reply #8 hunter's post "The one at the cross border (lo Wu) is usually on the high side, 1.16 to 1.18." - this one on the HK side as one gets off the train is a rip off. [ Last edited by  yvieamy at 12-1-2010 21:24 ]

chewie10 Carnal Conqueror UID 37393 Digest Posts 0 Credits 293 Posts 383 Karma 294 Acceptance -17 Reading Access 30 Registered 6-1-2010 Status Offline

#10 Post at 12-1-2010 06:13  Profile P.M.  Font size: S M L For the HSBC account, if there are no banks in my area, is it possible to open an account by mail?  For example, I would open account by mail to Hong Kong HSBC with initial American dollar deposit, and take money out in Hong Kong dollars?

SEAJ (***Call me Sean Sweet Swede***) Banned UID 21354 Digest Posts 0 Credits 7732 Posts 7074 Karma 7559 Acceptance 3458 Reading Access 0 Registered 4-3-2009 Location Hong Kong Status Offline

#11 Post at 12-1-2010 12:18  Profile P.M.  Font size: S M L Watch out for fakes....! Rampant counterfeits in China. Much more important to watch out for than the best exchange rate. Just withdraw your money in Hong Kong at one of the ATM's which has RMB services.  Rates is not the best but OK - plus you have the comfort of knowing that you have recourse in the unlikely chance of you withdrawing a fake note from there. I even try NOT to withdraw from an ATM in china SEAJ Recent Ratings twiceAweek   12-1-2010 13:50   Acceptance   +2   Sound advise !

yvieamy Master Mongerer UID 200 Digest Posts 0 Credits 5201 Posts 1716 Karma 5123 Acceptance 1556 Reading Access 80 Registered 24-2-2007 Status Offline

#12 Post at 12-1-2010 21:26  Profile P.M.  Font size: S M L Reply #11 SEAJ's post the CCB counter that I mentioned in post #7 has a machine that they put through the notes right in front of you to show they are the real thing...

russchinn Nookie Newbie UID 19324 Digest Posts 0 Credits 41 Posts 35 Karma 41 Acceptance 2 Reading Access 10 Registered 27-1-2009 Location USA Status Offline

#13 Post at 13-1-2010 18:11  Profile Site P.M.  Font size: S M L RMB Beware! if the rate is too good to be true, there may be a few phony ones stuck in the stack. I have used the changer in the Mirador Mansion for years and he marks his real RMB with a little ID to prove it is the real McCoy.  His shop is near the Bristol St entrance and the rates are fair. Regards

yvieamy Master Mongerer UID 200 Digest Posts 0 Credits 5201 Posts 1716 Karma 5123 Acceptance 1556 Reading Access 80 Registered 24-2-2007 Status Offline

#14 Post at 13-1-2010 21:25  Profile P.M.  Font size: S M L QUOTE: Originally posted by russchinn at 13-1-2010 18:11 Beware! if the rate is too good to be true, there may be a few phony ones stuck in the stack. I have used the changer in the Mirador Mansion for years and he marks his real RMB with a little ID to pro ... this means he marks the notes? any problems encountered with the markings?

oscarmandude Carnal Conqueror UID 32785 Digest Posts 0 Credits 318 Posts 252 Karma 317 Acceptance 13 Reading Access 30 Registered 15-10-2009 Location USA Status Offline

#15 Post at 14-1-2010 04:17  Profile P.M.  Font size: S M L i found HSBC has the better rates if you have an account with them for exchange rates.

sirtiger (the banana) Erotic Emperor UID 3407 Digest Posts 0 Credits 2609 Posts 2588 Karma 2586 Acceptance 465 Reading Access 60 Registered 27-9-2007 Location other side of the planet Status Offline

#16 Post at 14-1-2010 22:16  Profile P.M.  Font size: S M L ^^same goes for citibank or chase bank

bonkers89 Lustful Lord UID 25160 Digest Posts 0 Credits 829 Posts 703 Karma 819 Acceptance 192 Reading Access 40 Registered 19-5-2009 Status Offline

#17 Post at 15-1-2010 13:42  Profile P.M.  Font size: S M L does anyone know if as a Canadian, I can get a HK bank account that can hold RMB?? I know RMB is regulated by china somehow but not clear on the details.

SEAJ (***Call me Sean Sweet Swede***) Banned UID 21354 Digest Posts 0 Credits 7732 Posts 7074 Karma 7559 Acceptance 3458 Reading Access 0 Registered 4-3-2009 Location Hong Kong Status Offline

#18 Post at 15-1-2010 13:48  Profile P.M.  Font size: S M L Reply #17 bonkers89's post I know that in my HSBC premier account, I can hold and exchange any currencies. You could also go to a Canada HSBC and open your account there and tell them to assist you to also open a Hong Kong based account. SEAJ

waikeekee (WKK) Kinky King UID 26173 Digest Posts 0 Credits 1190 Posts 777 Karma 1184 Acceptance 129 Reading Access 50 Registered 11-6-2009 Location Shanghai Status Offline

#19 Post at 16-1-2010 23:34  Profile P.M.  Font size: S M L I just changed a few thousand HKD last night at my usual Money Changer in Hung Hom area. RMB10,000.00 = RMB11,352.00 I do have HSBC and Hang Seng Bank Account but have never withdraw cash in CP. It seem convenient but heard there is a RMB30.00 or RMB50.00 service charge on top of the low exchange rates. If the Banks offer good exchange, wouldn't it be convenient to just withdraw cash at the ATM located at MIRATON Hotel just beside the 7-11 store. RGDS WKK

waikeekee (WKK) Kinky King UID 26173 Digest Posts 0 Credits 1190 Posts 777 Karma 1184 Acceptance 129 Reading Access 50 Registered 11-6-2009 Location Shanghai Status Offline

#20 Post at 16-1-2010 23:36  Profile P.M.  Font size: S M L QUOTE: Originally posted by bizzyb at 11-1-2010 10:38 AM whatever you do, DO NOT exchange at the airport. i must admit that i did this on my first trip there, and felt like such a fool later on when walking around Concur, the worst place to exchange money is at the Airport. Not only in Hong Kong, all the Airport around the world as well. Also, let it be known that the money changer in Hung Hom Station offer lousy rates as well. The Money Changers there in HH Station are simply waiting for Suckers. RGDS WKK

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Poll Trade Reward Activity

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