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sab2197
Joined: 28 Apr 2015 Posts: 7
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Posted: Mon Oct 26, 2015 12:49 am Post subject: Won to Pesos |
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Just wondering if it is better to exchange won before traveling from Korea to the Philippines.
Also heard that you can't bring more than 10,000 pesos into the country? Is that true? |
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schwa
Joined: 12 Oct 2003 Posts: 164 Location: yap
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Posted: Mon Oct 26, 2015 6:01 am Post subject: |
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Cash won DO NOT exchange easily or equitably anywhere outside Korea. |
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sab2197
Joined: 28 Apr 2015 Posts: 7
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Posted: Mon Oct 26, 2015 6:43 am Post subject: |
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Thank you^^ How about buying United States Dollars before traveling and then converting them to local currency when I arrive? |
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rioux
Joined: 26 Apr 2012 Posts: 880
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schwa
Joined: 12 Oct 2003 Posts: 164 Location: yap
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Posted: Mon Oct 26, 2015 10:20 am Post subject: |
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sab2197 wrote: |
Thank you^^ How about buying United States Dollars before traveling and then converting them to local currency when I arrive? |
Probably sensible. Thats what I've always done. |
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sab2197
Joined: 28 Apr 2015 Posts: 7
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Posted: Tue Oct 27, 2015 2:51 am Post subject: |
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Thanks everyone. I appreciate the feedback^^ |
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schwa
Joined: 12 Oct 2003 Posts: 164 Location: yap
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Posted: Tue Oct 27, 2015 6:03 am Post subject: |
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Re: the second part of your question, most countries have a limit of around US$10k or equivalent that you can bring in as undeclared cash or monetary instruments.
You can bring more but if so you're expected to declare it on a customs form & will likely be asked for proof that its legitimately yours. If you dont declare it & its found, all your money is subject to confiscation.
Thats pretty much all international flights, not PI specific. |
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EFL Educator
Joined: 17 Jul 2013 Posts: 988 Location: Cape Town
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Posted: Tue Oct 27, 2015 2:31 pm Post subject: |
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Any foreign currency valued at over USD10,000 brought in the country has to be declared upon arrival..or you will regret it when searched...and customs will take everything away from you...and put YOU into a jail cell too!!! |
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fpshangzhou
Joined: 13 Mar 2012 Posts: 280
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Posted: Sun Nov 29, 2015 2:50 am Post subject: |
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Why not just leave the money in the bank and use debit bank card to withdraw it from the atm? I would just take some spending cash and then withdraw once in country.
Cheers,
Aaron |
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schwa
Joined: 12 Oct 2003 Posts: 164 Location: yap
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Posted: Sun Nov 29, 2015 7:48 am Post subject: |
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Debit cards, despite your local bank's assurances, often arent correctly programmed to actually work in bank machines abroad. Its a pain if you find yourself in that fix. There could also be other reasons for wanting to take your money in cash.
fpshangzhou wrote: |
Why not just leave the money in the bank and use debit bank card to withdraw it from the atm? I would just take some spending cash and then withdraw once in country.
Cheers,
Aaron |
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