Where is the best place to exchange money in Colombo?

The best exchange rate in Colombo is offered by exchange offices in the Colombo Fort area, especially on Chatham Street and York Street. This is where authorized currency exchange points, such as Royal Exchange and Senaratna, are concentrated, offering rates close to the market rate. US dollars and euros are exchanged at the most favorable rates, with new bills being accepted better than old ones.

Before exchanging, always clarify any hidden fees and ask to see the calculation on a calculator. Do not exchange money at the airport — the rate there is usually 1-2% worse. For large amounts (from several hundred dollars), you can and should negotiate for a better rate.

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