The 7 Biggest Currency Exchange Service in Yangon

Myanmar, formerly known as Burma, has a developing economy with a significant reliance on international trade and tourism. To facilitate the exchange of currencies, there are several currency exchange services operating in the country. Among them, the following five are considered to be the largest and most established:

• Central Bank of Myanmar (CBM):

The primary role of CBM is to manage the country’s monetary policy and regulate the financial system. It also provides currency exchange services through its branches and authorized dealers. CBM is the largest and most trusted currency exchange service in Myanmar, offering a wide range of currencies at competitive rates.

• Myanmar Foreign Trade Bank (MFTB):

MFTB is a state-owned commercial bank that plays a significant role in Myanmar’s foreign trade. It offers currency exchange services to businesses and individuals involved in international trade transactions. With its extensive network of branches, MFTB is a convenient option for currency exchange in Myanmar.

• Yoma Bank:

Yoma Bank is a leading private commercial bank in Myanmar. It provides comprehensive banking services, including currency exchange, to its customers. Yoma Bank is known for its reliable and efficient services, making it a preferred choice for currency exchange in Myanmar.

• CB Bank:

CB Bank is a private commercial bank that has been operating in Myanmar for over two decades. It offers currency exchange services along with a range of other banking products and services to its customers. CB Bank has a reputation for providing excellent customer service and is a trusted choice for currency exchange in Myanmar.

• AYA Bank:

AYA Bank is one of the largest private commercial banks in Myanmar. It provides a wide range of financial services, including currency exchange, to its customers. AYA Bank is known for its strong financial position and its commitment to delivering high-quality services. It is a reliable option for currency exchange in Myanmar.

The 7 Biggest Currency Exchange Service near Yangon

AYA Bank

• Address: Q5G6+FQ3, Yangon, Myanmar (Burma)
• Map: Click here
• Rating: 4.1 (24)
• Website:
• Opening hours:
  
  Monday: Open 24 hours

  Tuesday: Open 24 hours

  Wednesday: Open 24 hours

  Thursday: Open 24 hours

  Friday: Open 24 hours

  Saturday: Open 24 hours

  Sunday: Open 24 hours
• Reviews:
  
  nyi nyi Aung✭✭✭✭✭

  6 months ago

  Former Rowe and Co. department store completed in 1910. And now AYA Bank.

  sithu phyowai✭

  11 months ago

  Never again with this bank, stealing our money and doesn’t care customer’s loss. What a cheeky business!

  Sai Blair✭✭✭✭✭

  9 years ago

  The most besutiful British colonial building- restored and functioning office. 100 years back it was ROWE &Co department store.

  Kalay Kachay✭✭

  a year ago

  I had to wait a long time to withdraw my money

  Min Swam Pyae✭✭✭✭✭

  3 years ago

  great service and great place

Western Union

• Address: R48J+J32, KBZ Bank Kyun Taw Road Junction Square, Yangon, Myanmar (Burma)
• Map: Click here
• Rating: 4.5 (13)
• Phone: +95 1 230 6219
• Website:
• Opening hours:
  
  Monday: Open 24 hours

  Tuesday: Open 24 hours

  Wednesday: Open 24 hours

  Thursday: Open 24 hours

  Friday: Open 24 hours

  Saturday: Open 24 hours

  Sunday: Open 24 hours
• Reviews:
  
  Eric Lau✭✭✭

  3 years ago

  This branch is with Aya Bank. Not KBZ Bank. It is so confused. Although is at the same street.

  Aurora✭

  3 years ago

  Extremely unprofessional. Lazy and inefficient. NEVER pick up the phone. Waste of time and money for customers coming from other areas.

  phyuthandar kyawmin✭✭✭✭✭

  3 years ago

  sajjad Ahmed✭✭✭✭

  3 years ago

  Ei Lay✭✭✭✭✭

  2 years ago

CB Money Exchange

• Address: Shwedagon Pagoda (East Gateway), Dagon Township, Yangon, Myanmar., Yangon, Myanmar (Burma)
• Map: Click here
• Rating: 5 (3)

Wakhema Money Exchange

• Address: Q5G2+98X, Yangon, Myanmar (Burma)
• Map: Click here
• Rating: 4.8 (5)

Spirits

• Address: R43Q+JQ6, Yangon, Myanmar (Burma)
• Map: Click here
• Rating: 3.9 (44)

Wk Authorized Money Changer

• Address: Near Sedona Hotel No.27, Thukha Waddy St, Yangon, Myanmar (Burma)
• Map: Click here
• Rating: 4 (14)

EvaTrading Money Changer

• Address: 21st St, Yangon, Myanmar (Burma)
• Map: Click here
• Rating: 4.1 (10)

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Top Currency Exchange Service Alternatives in Yangon

Yangon, the largest city in Myanmar, offers a variety of currency exchange services for both locals and tourists. Here are three popular options:

• Money Changers: Money changers are readily available throughout Yangon, especially in popular tourist areas such as Bogyoke Aung San Market and downtown. These currency exchange services usually offer competitive rates and convenient locations. It’s important to compare rates offered by different money changers and check for any hidden fees before making an exchange.
• Banks: Banks in Yangon also provide currency exchange services. Some of the prominent banks in Myanmar include the Central Bank of Myanmar, Kanbawza Bank, and Ayeyarwady Bank. While banks are generally considered reliable and secure, they may have limited operating hours and longer processing times compared to dedicated money changers.
• Hotels and Resorts: Many hotels and resorts in Yangon offer currency exchange services for their guests. This can be a convenient option for travelers who prefer to exchange their currency within the comfort of their accommodation. However, it’s important to note that hotels and resorts may charge higher commission fees or offer less competitive rates compared to other options.

Regardless of the currency exchange service you choose, it’s advisable to check the current exchange rates and inquire about any fees or commissions beforehand. It’s also recommended to carry a mix of cash and alternative payment methods, such as credit cards or digital wallets, for added convenience and flexibility during your stay in Yangon.

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.