The exchange rate of Myanmar currency against RMB is not static. In recent years, it has been fluctuating around1:0.0035-1:0.0036, so the real-time interest rate shall prevail.
Foreign exchange channel:
1. Domestic banks buy foreign exchange. You can purchase foreign exchange directly at major banks with your passport, visa, ID card, exit ticket or train ticket. It should be noted that the purchase of foreign exchange needs to be handled before leaving the country, and will not be reissued after leaving the country. You can also exchange foreign currency directly through online banking, which is more appropriate, because people need less time to exchange foreign currency through online banking, and there is no time limit.
2.ATM processing. Regarding how to handle foreign currency exchange, the handling fee for cash exchange at foreign ATMs is OK, but not too high, and banks generally control it within a reasonable range. So if the exchange rate at the exchange point is too low, go to the ATM to get it.
3. Foreign currency exchange points. These exchange points are all over the streets, shopping malls and busy areas in the city center. Their business hours are very long, and some of them are still 24 hours, which is very convenient for communication. But the exchange rates of different stores are not the same. If time and energy permit, it is recommended to shop around.
4. airports and hotels. The exchange rate of airports and hotels is very low, and high handling fees may be charged. Speaking of how to handle foreign currency exchange, if you really want to make an emergency exchange at the airport or hotel, try to transfer at the airport. The exchange window, which is often less conspicuous and easy to find in the corner, will be more favorable.
5. Tour guide's office. If you are traveling in a group, your guide can also help you change foreign currency. Usually, they will charge a little extra, but if someone helps you choose an affordable exchange point, it is reasonable to charge a little extra.