You just arrived in Hawaii. In fact, you just arrived into the United States as Hawaii is your first stop. Priority #1 is getting some cash in the local currency. But where should you go and how do you know you’re getting a good rate?
That’s a question we often get at our front desk. So read on as we give you some answers that will be helpful for that next trip you’re planning.
First of all, try to avoid changing money at the airport. They always seem to have the worst rates, no matter if it’s Honolulu International or any other airport in the US. Wait till you get to the city if you can. You’ll get better rates there. If you need money at the airport for taxis or bus transportation, try to do as little as possible. And then do another exchange once you get to the city.
Once you arrive into Waikiki, there’s a good handful of money exchangers nearby. Some are on Kalakaua Avenue which is the main strip that runs right along the beach.
Travelex Currency Services is the closest one located inside the Hyatt Regency Hotel. It’s only about a 10-minute walk from the hostel. It’s inside a hotel which means the rates aren’t as good as some other exchanges. But you can go here if you’re desperate and short on time.
DFS Galleria Money Exchange is another one. It’s a bit further away, about a 20-minute walk. Or you can take the bus, but that will only save you about 5 minutes. This one is located inside the Duty Free Galleria building. And the rates are a bit better.
Currency Exchange International is the newest one that has recently opened. It’s located inside the new International Marketplace, which is only about a 12-15 minute walk from the hostel. This one seems to have the best rates so far. And they even have a Best Rate Guarantee in which they will match or beat any rates at a local bank or airport for the same product. If you plan to go here, please pick up a coupon at the hostel reception desk for 50% off the exchange fees.
Want to know what kind of rate you’ll be getting before exchanging your money? You can always check out xe.com. XE is the world’s trusted currency authority and offers up to the minute rates on all exchanges. Use this tool to know if you’re getting a good exchange rate or not.
Image by: Medium