When visiting a money exchange store, customers usually bring their local currency and request the desired foreign currency. The exchange rate determines the amount of foreign currency the customer will receive in exchange for their local currency. It’s worth noting that money exchange places may charge a commission or service fee for their services, which can vary depending on the establishment.
It’s essential to carefully choose a reliable and reputable money exchange place to ensure fair exchange rates and secure transactions. Researching exchange rates from different providers and comparing fees can help customers get the best deal.
So, today we will find out the top 10 exchange money stores in Hanoi!
Contents
What is an exchange money shop?
Money exchange places, also known as currency exchange bureaus, are financial service providers that specialize in converting one currency into another. These establishments facilitate the buying and selling of different currencies for individuals or businesses who need to exchange money for various purposes, such as international travel, foreign investment, or international trade.
Money exchange places typically provide other related services, such as money transfers, traveler’s checks, and prepaid travel cards, allowing customers to access funds in foreign currencies while traveling.
What is Vietnam currency, and what foreign currency is popular in Hanoi?
Vietnam’s official currency is the Dong (VND). Banknotes in values of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000, and 500,000 dong are issued. Be mindful when using the 20,000 and 500,000 bills because their appearance is very similar.
Currency exchange services are normally accessible at the airport upon arrival. The exchange rates aren’t as good as in the city, but you will need it for a cab fare or other urgent necessities.
Money exchange and jewelry stores are your best bets for getting the greatest rates. Most of them can be easily accessible in the Old Quarter.
If you want to be more certain in your transaction, exchange your money at a bank branch or an ATM. Almost all Vietnamese banks provide foreign currency exchange services. Transactions may take longer because you will need to fill out forms and provide the necessary documentation.
If you’re a tourist in Hanoi and need some local currency, you can conveniently check with the receptionists at your hotel. They might offer a money exchange service right there! It’s a great option because it saves you time and keeps your money secure. No need to wander around the streets in search of exchange spots.
Big fancy hotels in Hanoi often have competitive exchange rates, just like banks do. So you’re in luck if you’re staying at one of those. However, it’s worth mentioning that smaller hotels might charge some additional fees for the service. Just something to keep in mind while making your currency exchange plans.
USD, EUR, GBP, AUD, CAD, SGD, JPY, HKD, and other major currencies are frequently accepted at Hanoi’s currency shops.
List of exchange money stores in Hanoi
Money exchange store in Hanoi Old Quarter
The Old Quarter in Hanoi is where all the action happens for tourists like yourself. The main attraction there is Hoan Kiem Lake, and let me tell you, the place is buzzing with activities day and night. Whatever you need in Hanoi, you can find it in this happening spot!
Now, when it comes to buying local currency, it’s a piece of cake in the Old Quarter. You’ll find forex services offered by gold dealers and tour operators. And guess what? Their rates are usually better than what the banks offer.
Just stroll along Ha Trung and Hang Bac streets, and you’ll spot these gold shops left and right. They mostly deal with US dollars, and they’re open from Mondays to Saturdays. Easy peasy, right? So go ahead, get your hands on some local currency, and enjoy the vibrant atmosphere of the Old Quarter!
Quoc Trinh Gold Shop
This shop is just a quick 2-minute walk from the Vietnam National Tuong Theater. It’s practically right around the corner! So, after enjoying some fantastic performances, you can easily hop over to the shop and take care of your currency exchange needs in a jiffy.
Address: 27 Ha Trung, Hoan Kiem District, Ha Noi, Vietnam
Phone: +84 4 3826 8856
Opening hours: Monday to Saturday 09:00 – 17:00
Kim Linh Jewelry
This store is conveniently located right next to the Queen Hotel Hanoi, and you can reach it with just a breezy 2-minute walk from the Hanoi Heritage House. It’s practically right there, making it super easy for you to pop in and exchange your currency hassle-free.
Address: 67 Hang Bac, Hoan Kiem District, Ha Noi, Vietnam
Phone: +84 4 3825 3649
Opening hours: Monday to Saturday 8:30 – 18:00
Tu Binh Jewelry
This store is located just across the street from Queen Hotel Hanoi. It’s also only a short 2-minute walk from the Hanoi Heritage House. So you’re near there and need to exchange your money; this would be a good place!
Address: 54 Hang Bac, Hoan Kiem District, Ha Noi, Vietnam
Phone: +84 4 3824 9799
Opening hours: Monday to Saturday 08:30 – 17:00
Hanoi Money Exchange
This shop is conveniently located just a quick 5-minute stroll away from Hoan Kiem Lake. You won’t have to travel far at all to reach it! So, after enjoying the serene beauty of the lake and exploring the surrounding area, you can easily make your way to this shop on foot and take care of your currency exchange needs in no time.
Address: 19B Hang Be, Hoan Kiem District, Ha Noi, Vietnam
Phone: +84 4 3990 1733
Opening hours: Monday to Saturday 09:00 – 18:00
Phu Van Jewelry
This shop is conveniently located just across the street from Vietnam Guesthouse. You won’t even need to break a sweat to get there! It’s right there, practically within arm’s reach of Vietnam Guesthouse.
Address: 25 Luong Ngoc Quyen, Hang Buom, Hoan Kiem District, Ha Noi, Vietnam
Phone: +84 4 3926 1764
Opening hours: Monday to Saturday 09:00 – 18:00*
Manh Hung Jewelry
The location of this shop is a mere 3-minute walk away from the Vietnam National Tuong Theater. Which is very close to Quoc Trinh Gold Shop; so if Quoc Trinh Gold Shop is too crowded, you can also go to this store to exchange your money.
Address: 51 Ha Trung, Hoan Kiem District, Ha Noi, Vietnam
Phone: +84 4 3938 2251
Opening hours: Daily 08:00 – 19:00
Money exchange store in other areas
Vang Hoang Tin Gold Shop
This shop is conveniently situated just a quick 2-minute stroll away from the bustling Kim Ma bus station. You won’t have to go far at all to reach it! After arriving at the bus station, you can easily make your way to this shop on foot and take care of all your currency exchange needs in a jiffy.
Address: 124 Nguyen Thai Hoc, Ba Dinh District, Ha Noi, Vietnam
Phone: +84 4 3733 7425
Opening hours: Mon to Sat 08:00 – 18:00, Sat & Sun 08:30 – 18:00
Bao Tin Minh Chau
This shop is ideally situated just a short 3-minute walk from the picturesque Bay Mau Lake. It’s practically a stone’s throw away! After enjoying a stroll along the lakeside or taking in the scenic views, you can easily make your way to this shop on foot and handle all your currency exchange needs.
Address: 29 Tran Nhan Tong, Hai Ba Trung District, Ha Noi, Vietnam
Phone: +84 4 3822 6999
Opening hours: Daily 08:00 – 20:00
Kim Chung Gold Shop
This shop is conveniently located near two important landmarks in the area – Thai Ha Church and Dong Da General Hospital. You won’t have to go far at all to find it! Whether you’re visiting the church for its beautiful architecture or seeking medical assistance at the hospital, this shop is just a short distance away.
Address: 24 Tay Son, Dong Da District, Ha Noi, Vietnam
Phone: +84 97 535 25 86
Opening hours: Monday to Saturday 09:00 – 18:00*
Bao Minh Jewelry
This store is conveniently situated right next to the Polonez Hotel. Its location couldn’t be more convenient! Whether you’re staying at the hotel or just passing by, you can easily find this shop right beside it.
Address: 4B Tran Nhan Tong, Hai Ba Trung District, Ha Noi, Vietnam
Phone: +84 4 3944 6934
Opening hours: Monday to Saturday 09:00 – 18:00*
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