Home Arrow FAQ Arrow Where can I exchange money to Myanmar local currency?

Where can I exchange money to Myanmar local currency?

The official currency unit of Myanmar is Myanmar Kyat. The easiest places to exchange money in Myanmar are banks that are located in downtown areas of larger cities and major airports such as Yangon, Mandalay, Nay Pyi Taw, Bagan, and Thandwe (for Ngapali Beach). In addition, the famous Bogyoke Aung San Market (Scott Market) in Yangon is also a popular place for currency exchange, especially on weekends when numerous money-changing shops are open (closing around 3:30 to 4:00 pm). Many travelers visit here to change Myanmar's local currency.

Can you exchange Myanmar currency at an ATM?

In recent years, there have been many ATMs in Myanmar accepting international banks and credit cards. However, it's important to note that most ATMs are concentrated in Yangon, Mandalay, Nay Pyi Taw, Bagan, and Inle Lake. The major card providers accepted in Myanmar are Visa, Mastercard (Maestro/Cirrus), China's Union Pay, and Japan's JCB.

Which currency is allowed in Myanmar?

The US dollar is also commonly employed as an alternative currency in Myanmar for large transactions. Foreigners may require dollar payments for accommodations, high-end restaurants, and air travel. On the other hand, smaller expenses like taxi fares, bus rides, and moderately priced meals are typically quoted and settled in the Myanmar local currency, Kyat.

When using ATMs in Myanmar, there is typically a transaction fee of around K5000 and a withdrawal limit of K300,000 per transaction. However, depending on your bank's policies, travelers may be allowed multiple daily withdrawals.

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