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Best Exchange Rate.

 
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Litlbul



Joined: 24 Feb 2006
Location: Seoul, Korea

PostPosted: Fri Jun 01, 2007 9:14 am    Post subject: Best Exchange Rate. Reply with quote

Does anybody know where the best place to go to exchange Korean won to US dollars? I will be going back home for a week, so I need to get the most dollars as possible. Should I go to the local bank (I belong to Woori or KB) or should I do it at the airport? Who has the best rates?

Thanks in advance.
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Bibbitybop



Joined: 22 Feb 2006
Location: Seoul

PostPosted: Fri Jun 01, 2007 9:43 am    Post subject: Reply with quote

Neither. Go to one of the independent shops on the street. Check bank rates and xe.com, then find a local indy guy with the best offer. Usually, they beat the banks.
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Litlbul



Joined: 24 Feb 2006
Location: Seoul, Korea

PostPosted: Fri Jun 01, 2007 9:55 am    Post subject: Reply with quote

Really? I've never thought of that. Do you know a trusted place in Seoul?
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Nicco61



Joined: 06 May 2007
Location: North Carolina, USA

PostPosted: Fri Jun 01, 2007 9:57 am    Post subject: Reply with quote

Black markets better. Those Ajumas and Halmonies (sp?) at Namdaemun.


But it is illegal.
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Hopelessly Human



Joined: 03 Oct 2006

PostPosted: Fri Jun 01, 2007 10:15 am    Post subject: Re: Best Exchange Rate. Reply with quote

Litlbul wrote:
Does anybody know where the best place to go to exchange Korean won to US dollars? I will be going back home for a week, so I need to get the most dollars as possible. Should I go to the local bank (I belong to Woori or KB) or should I do it at the airport? Who has the best rates?

Thanks in advance.


Never do it at an airport! The worst rates anywhere are at airports. Unless you use an ATM.
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