Hong Kong dollars must be exchanged cheaply by domestic banks, so it is unnecessary to exchange them in small amounts. Moreover, if they are exchanged in small amounts in the Mainland, counterfeit banknotes are easy to appear. You only need to go to the bank to change large amounts, but it should be noted that the maximum denomination of Hong Kong dollars is 1, Hong Kong dollars, and it is best not to change all of them into 1, Hong Kong dollars, because many shops in Hong Kong will state that they don't accept 1, Hong Kong dollars, so it is best to change some 5 or 1 Hong Kong dollars when you change them in the mainland, so that you won't be embarrassed because you can't spend money when you first arrive in Hong Kong, and then you can deposit all 1, Hong Kong bills after opening an account in Hong Kong on the same day.

Generally speaking, there are several ways to exchange Hong Kong dollars: exchange strategy? Exchange at the mainland bank (at the current exchange rate) at the Shenzhen port/after customs clearance, the subway will be exchanged for UnionPay cards, and the ATM will be used to cash out Huaxia Bank debit cards

1

There are many ways to exchange at the mainland bank (at the current exchange rate)

There are many ways to exchange Hong Kong dollars, and the best way to dispel travelers' doubts is to exchange them at the local bank before departure. Xiaobian specially inquired about the latest exchange rates of various banks today as follows:

Note that the bank's buying price means that you exchange Hong Kong dollars for RMB, and the bank's selling price means that you exchange RMB for Hong Kong dollars, so according to today's exchange rate, if you need to buy Hong Kong dollars, it will be cheaper to buy it at China Bank (exchange rate: .8868).

if you want to change RMB, it will be more cost-effective to exchange it at ICBC (exchange rate: .8799).

Bank

Bank buying price

Bank selling price

Bank of China

.8763

.8868

Bank of Chongqing

.8763

.8868

Shanghai Pudong Development Bank

.8772

. 99

Bank of Beijing

.8789

.887

China Merchants Bank

.8773

.8871

Huaxia Bank

.8767

.8873

China Everbright Bank

.8777. P>.8874

Industrial and Commercial Bank

.8799

.8877

Industrial Bank

.8771

.8882

China Construction Bank

.8796

.8893

HSBC < > -

2 Shenzhen port/subway exchange after customs clearance

Many students do not fly directly to Hong Kong, but choose to go to Shenzhen first and then go to Hong Kong after customs clearance. In this way, there are large and small Hong Kong dollar exchange points and bank exchange offices near various ports in Shenzhen, and they can also be exchanged after arriving in Shenzhen. However, most of the exchange points are privately run, and the exchange rate is generally about 5% more expensive than that of banks.

3

change money in a shop in Hong Kong

If you don't change money before you leave, you can change it when you arrive in Hong Kong. There are many foreign currency exchange shops in the main central area of Hong Kong. The business hours are basically around 9 pm, and some can even go up to 1 pm, so it is very convenient.

In the streets and alleys of Hong Kong, many shops offer the exchange of RMB and Hong Kong dollars. You can exchange RMB cash in your hand into Hong Kong dollars through them, which is more convenient. The exchange rate is not much different from the bank's announcement. However, more or less businesses have to earn a little. One thing you can rest assured about the store exchange in Hong Kong is that, unlike the ports in Shenzhen, you won't exchange fake Hong Kong dollars. This exchange method is usually used in emergencies, and it is not recommended to exchange large amounts.

4

UnionPay card swiping

In Hong Kong, most shops and large supermarkets can swipe UnionPay cards of domestic banks, and one advantage is that they are all real-time exchange rates, and when they swipe their cards, they will automatically convert the amount of Hong Kong dollars spent into RMB and deduct it from their accounts. Both debit and credit cards can be swiped. Almost all shopping malls and shops in Hong Kong can use POS machines to swipe their cards, and UnionPay cards in the Mainland can be used normally in Hong Kong, so it is also very convenient.

5

ATM cash withdrawal

There are ATMs in the streets and alleys of Hong Kong. You can automatically convert RMB into Hong Kong dollars at the ATMs marked with UnionPay logo, but you have to deduct a certain handling fee. Generally, a handling fee of 1%+1 yuan is charged for withdrawing cash from Hongkong ATM.