Getting the best exchange rate at a currency exchange place.
Should I exchange my Euros in Colombo or wait until I reach smaller beach towns.
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2 Answers from travellers
You should absolutely exchange the bulk of your Euros at an authorized currency exchange place in Colombo Fort or directly at the airport upon arrival. These central locations consistently offer the highest, most competitive market rates on the island.
If you wait until you reach small coastal surf towns or remote mountain villages, your options are limited to local banks or small jewelers, who frequently offer significantly lower exchange rates, meaning you will lose money on the transaction.
Scam Watch: colombo
Driver claims the meter is broken and quotes an inflated flat rate. Common on arrival at airport or railway stations when tourists are tired and disoriented.
Drivers wearing official-looking uniforms claim to be "government-approved" and charge 3-5x normal rates. They may have fake badges or ID cards.
Women with babies approach asking you to buy milk powder at a nearby shop (not cash). The shop is run by accomplices and charges 5-10x normal price.
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