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Best Money Changer / Money Exchange in Macau
|Casa De Cambio - Money Changer in Macau|
I know from experience as a traveller that airport exchange counters offer the worst possible exchange rates anywhere in the world. Upon arrival at Macau airport, I noted the USD - HKD rate. It was 7.55, meaning one USD was equal to 7.55 HKD. Inter-bank exchange rate that day was 7.76. After entering the city, I went to a few casinos and learnt that the rate varied from 7.50 to 7.62 with the American casinos - Wynn, MGM, and Sands offering a better rate than Chinese casinos. It is generally believed that casino exchange rates in Macau are good. But which Macau casino offers the best exchange rate? It is Wynn. I have changed money at Wynn Macau several times. In December 2016, they gave me an exchange rate of 7.62 which was the best I saw in any casino in Macau. On that very day, MGM Macau was offering a very poor USD-HKD exchange rate of 7.50 which was worse than even the airport rate. Just remember this, never do any currency exchange in MGM Macau. Anyway, if you have the time and can go to the right place to change your money, please read on because when Wynn Macau was giving me 7.62 HKD for a US Dollar, there were currency exchange shops around offering 7.66.
Where To Find Best Money Exchange Rates In Macau
Money changers at Senado Square are the best. On the way to from Wynn Macau to Senado Square, I came across this exchange counter called "Money Exchange Casa De Cambio Mundo Limitada" and saw them offering 7.64. (See picture above). At Senado Square, I had to look at the rate display boards of several money exchange shops to find the one that would beat Casa De Cambio. There was 7.63 and 7.64 in many shops. I kept looking and finally spotted the one proudly displaying 7.65. They had a green sign board with "Money Exchange" written in English. The rest was in Chinese (See picture below). If you are going towards Senado Square from Grand Lisboa side, this Money Changer is on the right side of the road after crossing Senado Square. I tried to take a picture of their rate display but was immediately stopped by their security man.
This shop in the picture is closed now but there are several others around in this area. Another shop (Casa De Cambio Asia) very close to the location of the shop in the picture below, on the same side of the road, is every much open and offered me 7.66 in December 2016. At their counter they asked me if I wanted HKD or MOP. I took some HKD and some MOP. For the MOP, they did exchange calculation twice. First they converted USD in to HKD at the rate of 7.66 and then converted HKD in to MOP at the rate of 1.029, It was the best deal.
|Best Money Exchange Shop at Senado Square Macau|
My resolve for the future: Always change money in Macau at Senado Square and never forget to take a few hundred Macau Pataka for spending on food, local sightseeing, and taxi. While shopping, it would be best to ask the price in both HKD and MOP, particularly when buying expensive stuff.
|Posted by Narinder Singh|