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Hong Kong is an autonomous territory located on the Pearl River Delta and South China Sea. It is one of the world’s most thriving cosmopolitan cities. It is a major port and global financial hub with a skyscraper-studded skyline. Apart from being a business centre, Hong Kong is also a major shopping destination. From its earliest days as a British colony, Hong Kong served as a centre of international trade and went on to become a major manufacturing hub. Since then Hongkong is looked upon as an important gateway to the International business. The currency used in Hong Kong is Hong Kong dollar which is the thirteenth most traded currency in the world. 100 cents make one Hong Kong dollar and is available in denomination of 10, 20, 50, 100, 500, and 1000.
Hongkong Dollar is known to be an exotic currency and most often the prices of the Hongkong currency notes are unfavorable in India due to its supply being often scarce here. If you are in city of Bangalore, the supply is further low and hence the price is high. This is why it is a smart thing to carry US Dollars currency notes in place of HKD when traveling to Hong Kong and exchange the USD for HKD in Hong Kong itself. It might seem that exchanging the currency twice may prove to be expensive but the conversion from INR-USD-HKD can indeed be significantly cheaper than the direct conversion from INR-HKD. To make sure you are making the right decision, you can always do a little research and compare rates of both the currencies and seek help from our customer support to help you in understanding the best option.
Hongkong dollars Travel card is another good option to carry your foreign exchange to this business centre cum shopping destination. BookMyForex shall provide you a visa travel card which can be swiped at all merchant outlets across Hongkong where a card is accepted. We provide foreign exchange travel cards of various banks and you can compare and find out that a travel card is sold at rates very close to interbank rates at BookMyForex. You won’t be able to find cards at rates cheaper than BookMyForex in Bangalore since we sell our products at live rates as per market condition. Unlike foreign cash and traveler's cheques, which are subject to availability, prepaid cards can be loaded with any amount of foreign currency at any time. BookMyForex also deals in Traveler’s cheques but we recommend our customers to get travel card in place of TCs because they are not only difficult to encash but the rates are also high.
One can transfer funds to Hongkong via wire transfer or carry a demand draft too. BookMyForex deals with both instruments and at rates that you won’t even get at your own bank. Therefore if you are travelling to Hongkong sometime soon, leave your foreign exchange worries on BookMyForex and you can focus on other important travel related things.
At last let us give you few tips that will make your foreign exchange purchase easy. In case UAE Dirham is not available, you can purchase US Dollar instead and get your USD exchanged to AED at UAE. USD is easily exchangeable in UAE. In fact sometimes it is cheaper to purchase USD in India and convert USD to AED in UAE because AED currency notes, due to short supply, can sometimes be available at high rates in India. Another important thing one must keep in his/her mind is to spend all Dirham in UAE itself because coins will not be exchanged back to INR back in India.