Changing Money in MyanmarMoney exchange in Myanmar
Bigger denominations often bring a better rate, but you can expect to have to change the full amount of the invoice, as foreign currency bills are rarely available. For the few hundred you will change in Myanmar, just change it and move on to more important things.
Myanmar: Banking and Money - TripAdvisor
It' better to have the latest $100 note with a $100 striped red dollar and a good chances of a good currency than the old dollar, although untouched older bills are acceptable. Now ( (January 2014) there are many international ATMs in cities, as well as at most of the major international airfields that accept UnionPay, Plus, Cirrus, MasterCard and Visa Cards and use them.
However, please be aware that there is a flat fee of 5000 Kyats (plus your own debit card), which makes small cash outs costly. You can compare the basic pre-Kyats 5,000 fee and your own banks currency quote with the prices you get in a resort. Don't alter $'s on the road!
A few current guides still say you need to modify $300= (F. E.C.) p/p for a poor exch. rat. CYAT ( "chat") is the Myanmar language. While guesthouses and smaller ones are still due in Kyoto, most of them are in $ and paid for. While high-end businesses still pay in US$, many places in Kyoto are now affordable.
The best way to avoid the loss of the foreign exchangerate is to always make the payment in the indicated one. They are spoilt for choices of bank drafts at airports and they all have practically equal foreign currencies. Notice that you can convert your idle Kieat back to $ on sailings at a minimum (20 kyat?) spread between the buy and sell prices.
Farmers Bank branches switch AUS$. Lately only one of the 9 banks in Yangon would be changing the THB - at a very bad pace. Sometimes, if you are paying the shopkeeper/taxi in $, you get small dirty bills in small dirty Khat, which you want to give quickly.
It is still the preferred money for airlines, travel agencies, travel guidebooks, top quality hotel and restaurant and for some admission charges. It is best to keep it new, maybe between two cards. That $ is still royal and cabs, leaders and restaurant will still take it if there is a lack of Kie.
Myanmar now has over 2000 ATMs with a selection of large airport locations and extensive city centre access. Notice that there is a set fee of 5000kyat, plus the fee of your own bank and a max payout of 300,000kyat, up to three time a day. While many smaller cities and cities do not yet have ATMs, those who have a bank in the city will either have one or will soon have one.
Sittwe, for example, only has an ATM and until recently there was none at Ngapali Beach, but there is now an ATM (KBZ Bank) outside the Amata Hotel. A lot of top class restaurants, especially for corporate and group travel, accepts credit cards, even if some require a surcharge. A lot of Irish Island cruisers claim that credit cards are not acceptable, but there are reviews that when travelers say that is all they have after they have all their Kyoto and $, a ticket plane will appear wondrous.
Due to the high charges for credit cardholders (up to 5%), many agents favor the bank transfer deposit with the remaining amount in $ on arriving in Myanmar.