Money changing in Yangon

Reply

Sep 3rd, 2008, 05:17 PM
  #1
Original Poster
 
Join Date: Jun 2003
Posts: 612
Money changing in Yangon

What's the best way to change money in Rangoon/Yangon? I'm told that the airports and banks have a pathetic exchange rate of aboiut 7-8 kyats per dollar, while the unofficial rate is about 1000+ kyats *lol*.

Is this true?

Do I just find a back street money changer, or what?

I'm heading there this month.
Mitch04 is offline  
Reply With Quote
Sep 3rd, 2008, 06:31 PM
  #2
 
Join Date: Nov 2007
Posts: 75
i had a guide that exchanged money for me. black market a few years ago was way better than the government banks etc...
stephenmat is offline  
Reply With Quote
Sep 3rd, 2008, 06:40 PM
  #3
 
Join Date: Jan 2003
Posts: 6,892
Your guide or your hotel can lead you to those that will change money at "market" rates, currently 1125 kyats to the US dollar.
Craig is offline  
Reply With Quote
Sep 3rd, 2008, 07:33 PM
  #4
 
Join Date: Jul 2005
Posts: 2,844
In 2 or 3 visits, I have never changed money. I have paid in US$ and gotten back kyats in change. Probably not the best rate, but you actually don't need the local currency for much.
MichaelBKK is offline  
Reply With Quote
Sep 3rd, 2008, 08:41 PM
  #5
 
Join Date: Jan 2003
Posts: 28,924
our driver took care of it for us
rhkkmk is offline  
Reply With Quote
Sep 4th, 2008, 01:23 AM
  #6
Original Poster
 
Join Date: Jun 2003
Posts: 612
Thanks everyone.
Mitch04 is offline  
Reply With Quote
Sep 4th, 2008, 01:27 AM
  #7
 
Join Date: Jan 2003
Posts: 6,160
When handling the Myanmar currency you should have a hand wipe or hand sanitizer with you as it's one of the dirtiest money in the world.
Hanuman is offline  
Reply With Quote
Dec 20th, 2008, 07:44 PM
  #8
 
Join Date: Dec 2008
Posts: 19
Take a briefcase for the stuff
jege41 is offline  
Reply With Quote
Dec 20th, 2008, 08:10 PM
  #9
 
Join Date: Nov 2004
Posts: 1,895
Hope you'll do a timely report mitch since I'm heading there in Feb.
moremiles is offline  
Reply With Quote
Dec 20th, 2008, 08:12 PM
  #10
 
Join Date: Nov 2004
Posts: 1,895
Oops, just saw the date on this!
moremiles is offline  
Reply With Quote
Feb 14th, 2009, 04:54 PM
  #11
 
Join Date: Feb 2006
Posts: 295
I am in Yangon having just spent seven days in the country. I never needed a single bill of local currency - kyat. Most hotel bills in USD. Even at local restaurants I paid bills in USD at exchange rate of $1USD = 1,000 kyat. Not a great exchange rate but then again my bills would usually be $5 USD for a full meal.

I will post a trip report later today.

At every hotel all email services are blocked - GMail, Comcast, Verizon, Hotmail, etc. Internet cafes usually have workarounds.
AlwaysOnTheRoad is offline  
Reply With Quote
 


Thread Tools
Search this Thread
Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On


FODOR'S VIDEO

All times are GMT -8. The time now is 09:13 PM.