Currency Exchange Hanoi: Best Rates And Locations For Travelers
Are you looking for a reliable and convenient currency exchange Hanoi service? Let’s explore the best options with MOTOGO Tours !
Best Places for Currency Exchange in Hanoi
Regarding money exchanges in Hanoi, there are various trustworthy choices with reasonable prices and handy sites for both visitors and residents.
Local Banks
One of the safest and most dependable ways to exchange your foreign money in Hanoi is at a nearby bank. Local banks in Hanoi provide security of working with controlled financial institutions, openness, and reasonable rates for currency. These banks offer simple access to cash exchange services in well-located branches all around the city, regardless of your arrival time—short trip or extended stay.
Vietcombank
Among the first and biggest commercial banks in Vietnam, Vietcombank was founded in 1963. Having more than 60 years of banking expertise, it has become a top financial institution providing a broad spectrum of banking services including currency exchange. Being the first Vietnamese bank to join the global banking network, Vietcombank is rather visible in both home and foreign markets.
- Branch 1: 198 Tran Quang Khai, Hoan Kiem District
- Branch 2: 344 Ba Trieu, Hai Ba Trung District
- Branch 3: 23 Phan Dinh Phung, Ba Dinh District
Techcombank
Originally founded in 1993, Techcombank is a younger participant in the Vietnamese banking scene than some others, but it has rapidly grown to be among the biggest private banks in the nation. Techcombank provides quick and effective services, including currency exchange; it is well-known for its modern attitude to banking and technology.
- Branch 1: 191 Ba Trieu, Hai Ba Trung District
- Branch 2: 15 Hang Khay, Hoan Kiem District
- Branch 3: 70 Lang Ha, Dong Da District
BIDV
Established in 1957, BIDV has developed to rank among Vietnam’s top state-owned banks. Its large national network of offices, offering services ranging from corporate banking to personal financial requirements, is well-known. Long supporting the growth of Vietnam’s economy, BIDV today provides consistent and safe currency exchange services for residents as well as visitors in Hanoi.
- Branch 1: 35 Hang Voi, Hoan Kiem District
- Branch 2: 8 Dao Duy Anh, Dong Da District
- Branch 3: 54 Lieu Giai, Ba Dinh District
Argibank
One of Vietnam’s oldest banks, Agribank, was founded in 1988 and focused on the farming sector at first. It grew throughout years to provide a range of banking services, including foreign exchange. Agribank is a reliable option for safe and quick money exchange since it is rather prominent in Hanoi. Most branches Monday through Friday run from 8:00 AM to 5:00 PM.
- Branch 1: 18 Tran Huu Duc, Nam Tu Liem District
- Branch 2: 77 Ly Thuong Kiet, Hoan Kiem District
- Branch 3: 71 Lang Ha, Dong Da District
MB Bank
MB Bank is a well-known private bank in Vietnam that was founded in 1994. Although MB Bank is today well-known for its varied financial services, including currency exchange, it has strong historical links to the Vietnamese military. With its contemporary banking systems and excellent customer service, MB Bank offers a quick approach for both residents and visitors to swap money.
- Branch 1: 21 Cat Linh, Dong Da District
- Branch 2: 6 Hoang Dieu, Ba Dinh District
- Branch 3: 63 Le Van Luong, Thanh Xuan District
Currency Exchange Booths
For visitors and visitors in Hanoi travel, a common and practical choice is currency exchange booths. Often found in busy areas such retail centers, prominent tourist destinations, and close hotels, these booths make it simple to exchange foreign money on the go. Although they could have more flexible hours than banks, be careful since booth exchange rates can vary greatly.
There are a lot of great places to exchange money in Hanoi, especially in the busy Old Quarter. This region, with its busy streets and many of stores, features several booths with reasonable prices. Both residents and visitors seeking quick and easy transactions find it to be a preferred option.
Apart from the Old Quarter, shopping centers and tourist destinations, including Trang Tien Plaza and Vincom Mega Mall, also provide consistent currency exchange booths. For those visiting surrounding sites or shopping, these are handy. Even if rates in these places could be somewhat higher, their accessibility makes them a great option for visitors.
Hotels and Tourist Spots
Many hotels and well-known tourist destinations in Hanoi have handy currency exchange facilities, therefore enabling visitors to easily obtain local money without looking for a bank. Some big hotels, situated in the middle that visitors can quickly reach, are:
Nestled in the center of Hanoi, the opulent Sofitel Legend Metropole Hanoi provides a currency exchange facility at the welcome for visitors. For visitors staying at this upscale hotel, it offers reasonable rates, which makes it a fantastic choice.
Front desk of the 4-star Hanoi La Siesta Hotel & Spa offers money exchange services in the Old Quarter. Although it’s essential to check the rates before going, guests may trade money at their convenience.
Located close to the French Quarter, the Lapis Hotel provides guest currency exchange services to guarantee a seamless experience for visitors coming in Hanoi.
Several currency exchange booths provide a handy alternative for visitors at well-known tourist sites such as Hoan Kiem Lake, the Temple of Literature, and the Hanoi Opera House. Particularly for individuals in a hurry or needing to convert little sums, these places give simple access to local money. Although these services are handy, the rates might not be as good as those at neighborhood banks or trade booths.
Airports
People can easily exchange foreign cash at Noi Bai International Airport, which is Hanoi’s main airport, either when they arrive or before they leave. The airport has multiple exchange booths spread out between the arrival and departure gates. For individuals in need of cash, these booths offer quick, easy service accessible all day. Exchange rates at the airport are often less competitive than those in the city, nevertheless.
Currency exchange at gold shops in Hanoi
Many gold stores in Hanoi provide currency exchange services, therefore offering a handy substitute for banks. Often in busy areas like the 36 street Hanoi and Trang Tien Street, these stores appeal to both residents and visitors. Although services are offered all day, fees could differ depending on the shop.
Phu Quang Gold Shop on Trang Tien Street and SJC Gold and Jewellery close to Hoan Kiem Lake are two well-known gold stores with currency exchange. Even if these stores provide quick access, it’s advisable to check currency rates before making big money conversions.
Key Advice for Hanoi Currency Exchange
Keeping a few ideas in mind can help you to get the best rates and prevent needless expenses while changing money in Hanoi.
Compare Rates
Before making a commitment, always compare rates of exchange at several places. Rates at banks or local exchange booths could be more reasonable than those at hotels or travel agencies, where rates are sometimes less competitive.
Steer clear of large amount exchanges at airports
Though the prices are usually not as excellent as those obtained in the city, Noi Bai International Airport provides currency exchange. If necessary for quick expenses, only trade modest quantities at the airport; subsequently, look for better rates in Hanoi.
Bring cash for exchange of currencies
For lower amounts especially, many of the exchange services in Hanoi favor cash transactions. Should you be carrying cards, be ready to pay extra for card-based transactions.
Look at Fees
Before doing a currency exchange, always find out about any commission charges. The bargain is less attractive if certain exchange sites promise a good rate but charge extra fees or have hidden costs.
Carry lower denominational values
Smaller denominations of money are ideal for daily spending especially as some stores may not take big bills or there may be a minor fluctuation in the exchange rate for bigger quantities.
Whether you’re visiting Hanoi for the first time or returning, choosing the right currency exchange Hanoi service ensures you get the best rates and convenience. Take the time to compare options and make informed decisions for a smooth experience.
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