Useful Tips for Myanmar Money Exchange

07 Jun 2019 by Admin

Burma is a sacred and mysterious land of Southeast Asia. It has been forgotten on the world’s tourist map for a long time. However, in recent years this country has changed spectacularly. Among many questions about Myanmar travel, the biggest concern of all is how to deal with Myanmar money and currencry exchange. The anwser will be found in this article.

Information for Myanmar Money Exchange

The main currency used in Myanmar is called Kyat (MMK), but visitors can use both Kyat and USD. Most high - end hotels, restaurants, domestic airlines, road carriers accept USD. For services like dining, shopping, you can pay in Kyat.

myanmar money exchange
Kyat is the main currency in Myanmar.

In 2013, 2014, many tourism services agreed to be paid in USD, but since 2015, the Kyat currency have been devalued, and the government does not want people to use dollars.

The first tip for Myanmar money exchange is that travelers should bring cash that you intent to spend for the trip, the international payment card should be an alternative

Currencies for Myanmar Money Exchange

Which kind of money should visitors bring for easy Myanmar money exchange? It is also very important. The most convenient way is to bring US dollars, but the euro and Singapore dollars are still in use and easily changed in Yangon or Mandalay, at banks or airports.

myanmar money exchange 1
US Dollar is the most convenient currency for Myanmar money exchange.

Money in big denomination such as $50 or $100 will have better rate than money in small denomination. You should not change the money on the streets or at the black market to avoid being scammed and charge low exchange rate.

Almost all checks are not common in Myanmar.

IMPORTANT NOTE: Myanmar prefers new USD note without marks or folded.

Where for Myanmar Money Exchange?

According to the book of Lonely Planet, the best place for Myanmar money exchange is not the black markets; travelers should take notice of this. The best and safest places are airports or banks. These places have a higher rate than others.

myanmar money exchange 2

A traveller with many years of living in Yangon shared “During my stay here, I often see many visitors just change a small amount of money at the airport to pay for taxi, then they change money in the black market, that's a pity "

Most famous tourist attractions in Myanmar such as Yangon, Madalay, Bagan, Inle Lake have banking system for tourists to change money in convenient way. But banks stop working at weekends, especially during the Thinyan holiday day offs can reach 1-2 weeks.

Most travel review sites advise not to change money on the streets, which brings about you unnecessary troubles. In Yangon, around the Sule Pagoda or Bogyoke market there are a lot of places for Myanmar money exchange.

Hope the information above will help you to plan your trip to Myanmar better. If you need any further assistance, the travel consultants of Luxury Myanmar River Cruises are always willing to help.

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