Where to exchange money in Kokopo
If you’re planning a trip to Kokopo, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Kokopo. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location
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Currency exchanges in Kokopo
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 Kokopo.
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.
| Money Changer | Address | Contact Information |
|---|---|---|
| Western Union | Porckley Street, Kokopo East New Britain Province, Papua New Guinea | +675 982 9088 |
| Western Union | Post Office, Kokopo East New Britain Province, Papua New Guinea | +675 982 9005 |
| Kina Bank Kokopo | M749+X84, Kokopo East New Britain Province, Papua New Guinea | +675 982 5278 |
| Kokopo Market East New Britain PNG | M748+RFC, Kokopo-Rabaul Rd, Kokopo East New Britain Province, Papua New Guinea | +675 7371 1230 |
| East New Britain Savings & Loans Society | M767+72Q, Williams Road, Kokopo East New Britain Province, Papua New Guinea |
Papua New Guinean kina rate today
The accepted currency in Kokopo and across Papua New Guinea is the Papua New Guinean kina.
However, when you visit a currency exchange, you'll find that they use currency codes. Specifically, the currency code for the Papua New Guinean kina is PGK. Keep an eye out for this code if you're comparing exchange rates.
What you should know about exchanging money in Kokopo
You can follow a few simple tips which could help save money when exchanging currency in Kokopo. By increasing your awareness you can be better prepared for currency exchanges wherever you are.
1. Beware of 'zero fee' services
Some services will claim 'no commission'. This can be misleading as they will often have hidden a markup by offering you a worse exchange rate.
2. Know the current exchange rate
Be familiar with the current exchange rate to help identify a bad deal from exchange services.
3. Avoid exchanging money at airports or hotels
The convenience of exchanging currency at airports and hotels often comes at a price. That price will come as poor exchange rates and high transaction fees. Try to use this as a last resort.
4. Avoid scams
Be cautious of street vendors or unofficial exchange services that may offer seemingly attractive rates. Stick to recognised establishments to avoid falling victim to scams or fraudulent practices. Your financial security should always be a top priority.
5. Opt for local currency
When using an ATM abroad, pick the option to be charged in Papua New Guinean kina for a fairer rate to avoid undisclosed exchange rates. Picking the local currency will almost always be cheaper.
Currency exchange bureau who?
Forget all about walking around the city in search for fair exchange rates for a low fee.
With a Wise Account you can access over 70 currencies wherever you are - and all with a single card.
And what's even better, at the mid-market exchange rate. Low fees and fair rates all around the world, that's the Wise way!
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Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Kokopo. 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.
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