Dollar - Kyat exchange rates.

Replies: 4 - Last Post: Oct 28, 2012 2:06 PM Last Post By: rinjani

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Oct 27, 2012 4:02 PM
Posts: 20

Dollar - Kyat exchange rates.

Can anyone advise about the best way to exchange dollars for Kyat. I have read that you get a better rate going 'blackmarket' than to official changers. What constitutes black market (shops/hotels etc?) and what is the typical difference in exchange between the two.
Some of the books I have read advise against using airport changers but I guess this can change faster than books can be updated and published.
Thanks.
Rich

jonappleton

Oct 27, 2012 5:48 PM
Posts: 773

That used to be the case, no days, the official banks are close enough to the black market and you dont have a 99% chance of being dudded as with the black market. The hotel's rates are not as good as the banks. However, most Hotels and Entrance fees are paid in $US. The first exchange counter you see at the airport is a good one to change your $100 or two note, that way you're in a secure place to stash away your wad of kyat. Still bring pristine US notes but some places are now accepting notes in reasonable condition.

rjwicks

Oct 28, 2012 12:43 AM
Posts: 20