Best places for exchanging Euro at high rates

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Where to exchange Euro for high rates legally?

1. Exchanging Euro at banks

2. Are gold shops and foreign currency exchange stores legal?

The demand for exchanging Euro is high nowadays due to increased demands for studying, traveling abroad, etc. However, not everyone knows where to exchange Euro at high rates legally. Understanding this, Mytour shares with you the places offering high rates for Euro exchange.

Where to exchange Euro at high rates? This question is on the minds of many, especially those preparing for trips, business trips, or studying in European countries. To answer this question, let's refer to the following articles.

Where to exchange Euro for the best rates? Foreign currency exchange in Ho Chi Minh City

Where to exchange Euro for high rates legally?

1. Exchanging Euro at banks

Exchanging foreign currency at bank systems is considered the most legal option, providing you peace of mind. However, the exchange rates for Euro at banks often vary significantly. You can compare the rates on the price list at the bank or on the bank's website to choose the bank that offers the most favorable exchange rates for you. Moreover, the procedures for exchanging foreign currency at banks are quite complex, and the processing time is long. However, due to its legality, avoiding receiving counterfeit money or administrative penalties, and being convenient for travel, many people still prefer to exchange money at banks such as Vietcombank, Agribank, Techcombank, etc.

Contact the bank's hotline/customer service for more information on exchange rates and procedures for exchanging foreign currency

1. Agribank: Hotline: 1900.55.8818
2. Vietcombank - Hotline: 1900.54.54.13; 024.3824.3524
3. Techcombank - Hotline: 1800.588.822
4. HSBC: Hotline: 024.62.707.707 (North), 028.37.247.247 (South)
5. BIDV - Hotline: 1900.9247
6. Maritime Bank - Hotline: 1800.59.9999; 024.39.44.55.66
7. MBBank - Hotline: 1900.54.54.26
8. ACB - Hotline: 1900.54.54.86; 028.38.247.247
9. VIB - Hotline: 1800.8180
10. VietinBank - Hotline: 1900.558.868; 024.3941.8868

2. Are gold shops and foreign currency exchange stores legal?

Where to exchange Euro at high rates?

According to the law, gold shops and stores are allowed to exchange foreign currency only if they have a permit to do so. Otherwise, it is considered illegal. Engaging in illegal foreign currency exchange poses financial risks. Not only can the shop face fines of 500 - 600 million dong, but individuals exchanging money can also be fined 80 - 90 million dong and have the exchanged amount confiscated. To avoid administrative penalties, you should ask for the shop's permit to exchange foreign currency. Only proceed with the transaction if the permit is available.

In Hanoi, many people also visit gold shops/stores on Ha Trung Street when they need to exchange currency because not only do they have a permit to exchange foreign currency, but the exchange rate here is also quite high, especially with simple and fast currency exchange procedures.

With the information provided above, hopefully, you have identified where to exchange Euro at high rates and legally to conduct the most beneficial transactions.

Besides finding where to exchange Euro at high rates, you also need to pay attention to the exchange rate of 1 Euro in Vietnamese dong on the day of exchange to know how much Vietnamese dong equals 1 Euro, avoiding confusion when exchanging and facilitating easy conversion.

Similarly, if you are looking for a place to exchange US dollars, you can explore many places offering high rates for USD exchange for reference.

To exchange Euro at high rates, you need to know the Euro exchange rate at the time of conversion. Below are the details on how to check the Euro exchange rate accurately and quickly, which you need to be aware of.

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Frequently Asked Questions

What are the best places to exchange Euro for high rates in Vietnam?

The best places to exchange Euro for high rates include banks like Vietcombank, Agribank, and Techcombank. These banks provide legal and secure options for currency exchange, although rates may vary. Always check the bank's website for the latest rates.

Are gold shops a legal option for exchanging Euro in Vietnam?

Yes, gold shops can legally exchange Euro if they have the proper permits. It's essential to verify the shop's permit to avoid penalties associated with illegal currency exchange.

What factors affect the Euro exchange rates at banks in Vietnam?

The Euro exchange rates at banks in Vietnam can be influenced by various factors, including market demand, the bank's internal policies, and economic conditions. It's advisable to compare rates among different banks for the best deal.

How can I ensure I receive a fair Euro exchange rate at banks?

To ensure a fair Euro exchange rate at banks, regularly check their websites for updated rates and compare them before making a transaction. Contacting customer service for details can also help clarify any uncertainties.