How much does it cost to exchange USD for Hong Kong curreny in Hong Kong banks?

I don't have a bank account in Hong Kong and I'm planning to go there during the summer but i need to know how much extra money it will cost to exchange currency in banks.|||As mentioned banks should charge HK$50 for each currency exchange. If you know someone who has bank accounts in HK, ask them to change for you so you can save the $50. The bank that offers one of the best rates is Hang Seng which has branches everywhere in Hong Kong.|||There are large number of places to exchange money in Hong Kong, with different rates and fees. So for a holiday most people just go to the various downtown exchanges.





If you are planning to spend longer in Hong Kong then you should open a bank with representation where you are and Hong Kong. The obvious one is HSBC (the world's largest bank which still has some of the best customer service for any bank in the world). Citibank and bank of China are 3 that come to mind.





Note you should talk to the bank and tell them what you plan to do. You see your account will be in the country you open it in and attract fees even if you access it from the same company bank in the other country.





There is no one single easy way to do this. For example, you can convert your money to Hong Kong dollars before you leave (if you think the US dollar is going to get weaker), transfer it when you arrive to Hong Kong dollars (using Internet banking this is easy) or bring it across in US dollars.





Other options are credit or pre-paid debit cards. You can put the money securely in a debit card and then use that to do what you need in Hong Kong.|||HKD$50, which is about US$8, for service