Exchanging foreign currency in local banks vs exchange places.
Asked 2 days agoViewed 242 times
3 Answers
✓Accepted Answer
12
✓
Yes, the exchange rates offered by local commercial banks are usually significantly worse than the rates provided by private, authorized money changers located in Colombo Fort or Sea Street.
12
|
answered 2 days ago
S
Sithara M.•17960 rep•146
Always check the daily exchange rate online before you go, and confidently use an authorized currency exchange place displaying a Central Bank license for the absolute best value for your foreign cash.
46
|
answered 2 days ago
N
Nuwan D.•15670 rep•117
Banks constantly factor in higher administrative margins. Additionally, exchanging money at a local bank requires you to stand in long queues and fill out tedious paperwork, whereas a private money changer completes the transaction instantly.
17
|
answered 2 days ago
S
Sumudu K.•17560 rep•1You must be logged in to post an answer.
Log In to Answer🔥 Popular tags
Related
Fair TukTuk Prices
Help travelers avoid overcharging!
Be the first to report a price