Currency exchanges in Hai Phong

Consider using digital alternatives like Wise when looking at currency exchanges. If you still need to have some physical cash, here are a list of currency exchanges you can find in Hai Phong.

A reminder from us - There's no such thing as 0% commission or fee-free so remember to do your research and make an informed decision.

What you should know about exchanging money in Hai Phong

Before exchanging money in Hai Phong or any foreign city, it's important to be informed to avoid excessive charges and get the best deals. Consider opening a bank account in Vietnam for long-term stays or substantial investments like buying property or cars.

1. Beware of 'zero fee' services
Services claiming 'no commission' often offer poor exchange rates, not reflecting the mid-market rate, leading to hidden profits for them.

2. Check the exchange rate beforehand
Familiarize yourself with the base rate to identify a bad deal from exchange services.

3. Avoid exchanging money at airports or hotels
Convenience comes at a price, as airports and hotels usually offer poor rates and high transaction fees.

4. Use ATMs strategically
Check if your home bank has partnerships in Vietnam banks to avoid extra ATM fees, and inform your bank before traveling.

5. Opt for local currency
When using an ATM abroad, choose to be charged in Vietnamese dongs for a fairer rate and avoid undisclosed exchange rates and additional fees.

Bottom line

As you can see, there’s no shortage of options when it comes to exchanging money in Hai Phong. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.