Discover the Biggest Currency Exchange Service in Mandalay

Myanmar’s foreign exchange market has undergone significant liberalization, culminating in the adoption of a flexible exchange rate regime in April 2012. This has led to the emergence of a vibrant market with a number of currency exchange service providers. Here are the top five currency exchange services in Myanmar.

• KBZ Bank

KBZ Bank is the largest currency exchange service provider in Myanmar, with a market share of over 30%. It offers a wide range of foreign exchange services, including spot and forward contracts, as well as currency notes and coins.

• Myanmar Oriental Bank

Myanmar Oriental Bank is the second largest currency exchange service provider in Myanmar, with a market share of around 20%. It offers a similar range of services as KBZ Bank, and is also authorized to conduct currency exchange with other banks and financial institutions.

• Asia Green Development Bank

Asia Green Development Bank is the third largest currency exchange service provider in Myanmar, with a market share of around 15%. It offers a wide range of foreign exchange services, as well as other financial products and services.

• United Amara Bank

United Amara Bank is the fourth largest currency exchange service provider in Myanmar, with a market share of around 10%. It offers a range of foreign exchange services, including spot and forward contracts, as well as currency notes and coins.

• Shwe Bank

Shwe Bank is the fifth largest currency exchange service provider in Myanmar, with a market share of around 5%. It offers a range of foreign exchange services, including spot and forward contracts, as well as currency notes and coins.

The 7 Biggest Currency Exchange Service near Mandalay

Top Shine Exchange

• Address: No. 193/7, 29th street, between 83rd street & 84th street, Mandalay 09502, Myanmar (Burma)
• Map: Click here
• Rating: 4.2 (10)
• Phone: +95 9 777 708869
• Opening hours:
  
  Monday: 9:30 AM – 5:00 PM

  Tuesday: 9:30 AM – 5:00 PM

  Wednesday: 9:30 AM – 5:00 PM

  Thursday: 9:30 AM – 5:00 PM

  Friday: 9:30 AM – 5:00 PM

  Saturday: 10:00 AM – 3:00 PM

  Sunday: 10:00 AM – 3:00 PM
• Reviews:
  
  Bradley Edwards✭✭✭✭✭

  4 years ago

  Best rate I found in mandalay as tourist exchanging Australian dollars. A bit hard to find as not located on main road but used Google maps and asked locals to find. I sugessted them to have sign located out front to easily locate.

  Gaëtan Baratin✭✭✭✭✭

  7 years ago

  Good exchange rates and serious, look for the shiny LED sign and a red gate. There should be a guard that will open the door for you.

  Артём Крючков✭

  5 years ago

  Worse rate in the town! It’s better try any bank! For $ offered 1310 when I got 1322 in the bank! For banknotes issued in 90th they offer rate even the worst rate! If I were you I’d better save time and money.

  Maciej Borucki✭✭✭✭✭

  6 years ago

  You need to go up an alley, opposite a blue and white building to find it.

  beth buttons✭

  2 years ago

  Very rude & unprofessional people. I asked a simple question & it took 12 sms to answer it.

Farmer Phoyarzar Co.,Ltd.

• Address: X4G4+6RM, Mandalay, Myanmar (Burma)
• Map: Click here
• Rating: 1 (1)
• Phone: +95 2 71 823
• Opening hours:
  
  Monday: 7:00 AM – 8:00 PM

  Tuesday: 7:00 AM – 8:00 PM

  Wednesday: 7:00 AM – 8:00 PM

  Thursday: 7:00 AM – 8:00 PM

  Friday: 7:00 AM – 8:00 PM

  Saturday: 7:00 AM – 8:00 PM

  Sunday: 7:00 AM – 8:00 PM
• Reviews:
  
  Ilyaz Nomad✭

  9 months ago

  Poor exchange rate. April, 10, 2023. They proposed just 61 kyat for 1 Thai baht vs 80-83 kyat in Yangon, Naypyidaw or even here in Mandalay Chinatown.

Wu Fu Money Changer

• Address: 29 Street, 80×81 Street, Chan Aye Thar Zan Tsp, Mandalay, Myanmar (Burma)
• Map: Click here
• Rating: 2 (3)

Kbz Bank

• Address: Corner of 78th Street and 34th Street,, Mandalay, Myanmar (Burma)
• Map: Click here
• Rating: 4.5 (2)

Thein Yadanar Money Exchanger

• Address: Tsp, No(9), 77×78 Street, 30th St, Mandalay, Myanmar (Burma)
• Map: Click here
• Rating: 3.2 (5)

Promax – TrueMoney

• Address: 22, Theid Pan Street, Between 78 & MDY Street, Chan Myae Thar Si, Chanmyathazi, Myanmar (Burma)
• Map: Click here
• Rating: 4.5 (2)

CB Money Exchange

• Address: Mahar Myat Muni Pagoda Maha Aung Myay Township, Mandalay, Myanmar (Burma)
• Map: Click here
• Rating: 5 (1)

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Top Currency Exchange Service Alternatives in Mandalay

When it comes to currency exchange services in Mandalay, there are several options available. Here are the top three alternatives that are popular among locals and tourists:

• Kanbawza Bank (KBZ) – KBZ is one of the largest banks in Myanmar, offering reliable currency exchange services. They have multiple branches in Mandalay, making it convenient for visitors to find a location nearby. KBZ provides competitive exchange rates and efficient service, ensuring a hassle-free experience for customers.

• Asia Green Development Bank (AGD) – AGD Bank is another reputable option for currency exchange in Mandalay. With their wide network of branches, AGD Bank offers convenient access to currency exchange services. They provide competitive rates, ensuring customers get the best value for their money. AGD Bank is known for its efficient and friendly service, making it a popular choice among both locals and tourists.

• Money Changers at Mandalay Airport – If you prefer to exchange your currency at the airport, there are several money changers available at Mandalay International Airport. These money changers offer convenience and quick service for travelers. However, it’s important to note that exchange rates at the airport may not be as favorable compared to banks. It’s advisable to compare rates and fees before making a decision.

Overall, Kanbawza Bank (KBZ), Asia Green Development Bank (AGD), and money changers at Mandalay Airport are the top three alternatives for currency exchange services in Mandalay. Depending on your preference and convenience, you can choose the option that suits your needs the best.

Thank you for taking the time to read our article. For more in-depth reviews and comprehensive ratings on the Currency Exchange Service spots, please explore the recommended articles listed below.