Where to exchange money in Yangon
Before you set out exploring in Yangon, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Yangon that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
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Currency exchanges in Yangon
If you have a need to use cash, here are some recommendations to exchange foreign currency in Yangon.
Just remember, there's no such thing as completely free or 0% commission when exchanging money. Always check the mid-market exchange rate beforehand so you know the real value of your money.
| Money Changer | Address | Contact Information |
|---|---|---|
| Northern Breeze Exchange Bureau | No. 74, Manawhayi Street, Dagon Township, Yangon Beside Thai Embassy Yangon, Yangon 11191, Myanmar (Burma) | +95 9 730 60919 |
| Spirits | R43Q+JQ6, Yangon, Myanmar (Burma) | +95 1 514 232 |
| Northern Breeze Exchange Yankin Branch | R5G7+WJJ, Yankin Rd, Yangon, Myanmar (Burma) | +95 9 732 30027 |
| AYA Bank | Q5G6+FQ3, Yangon, Myanmar (Burma) | - |
| Wakhema Money Exchange | Q5G2+98X, Yangon, Myanmar (Burma) | +95 1 254 337 |
| Wk Authorized Money Changer | Near Sedona Hotel No.27, Thukha Waddy St, ရန်ကုန်, Myanmar (Burma) | +95 9 365 75757 |
| Western Union | KBZ Bank Kyun Taw Road Junction Square, R48J+J32, Yangon, Myanmar (Burma) | +95 1 230 6219 |
| Grumman Exchange | 459A New University Ave Rd, Yangon 11201, Myanmar (Burma) | +95 9 898 333001 |
| EvaTrading Money Changer | 21st St, Yangon, Myanmar (Burma) | +95 9 261 451 845 |
| Money Exchange | R532+RQ6, Yangon, Myanmar (Burma) | +95 9 693 281258 |
| MPT Bayintnaung Exchange Office | V452+F9C, Yangon, Myanmar (Burma) | - |
| CB Money Exchange | Shwedagon Pagoda (East Gateway), Dagon Township, Yangon, Myanmar., Yangon, Myanmar (Burma) | - |
| CB Money Exchange | Sedona Hotel, 1 Kabar Aye Pagoda Rd, Yangon, Myanmar (Burma) | - |
| Farmer Money Changer | V4JP+F8H, Yangon, Myanmar (Burma) | +95 9 44589 6899 |
| CB Money Exchange | Mahabandoola Garden Street and Maha Bandula Road, (Immanuel Baptist Church), Yangon, Myanmar (Burma) | - |
| Ye Min Aung | No(500), Thein Phyu Road,Mingalar Taung Nyunt Tsp, Yangon 11221, Myanmar (Burma) | +95 9 508 5387 |
| FARMER MONEY CHANGER | Q4MV+M57, Yangon, Myanmar (Burma) | - |
| Lion King Co., +Ltd | V4P2+MV4, Yangon, Myanmar (Burma) | - |
| Sunflower Money Changer | Corner of Anawrahta Street &, Q5G4+PC5, ရွှေဘုံသာလမ်း, ရန်ကုန် 11143, Myanmar (Burma) | - |
| Triangle | R43P+C5J, Yangon, Myanmar (Burma) | +95 1 505 731 |
Myanmar kyat rate today
When you're in Yangon, and also the rest of Myanmar, the official currency is the Myanmar kyat.
Yet, when you step into a currency exchange shop, you'll notice they use currency codes. The code associated with the Myanmar kyat is MMK, so be sure to take note of it when comparing exchange rates.
What you should know about exchanging money in Yangon
When exchanging money in Yangon or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Myanmar long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Myanmar banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.
5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Myanmar kyats for a fairer rate and fees. The same applies if you get the option on card machines.
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Other currency exchanges
Bottom line
As you can see, there are plenty of options for exchanging money in Yangon. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.
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