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afsjesse
Joined: 23 Sep 2007
Location: Kickin' it in 'Kato town.
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 Posted: Mon Mar 10, 2008 7:46 pm Post subject: standard chartered vs KEB |
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| i just wired my monthly money home and was shocked that it cost 985 won to get 1 USD. i am wondering if the rate is any better at standared chartered if for some reason there rate would be different or is it similiar? |
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Bibbitybop
Joined: 22 Feb 2006
Location: Seoul
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| Posted: Mon Mar 10, 2008 8:52 pm Post subject: |
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| Find the best rate, even if you exchange on the street at a money changer, and then transfer those US dollars at your bank. You don't have to exchange at the same place you transfer. |
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bacasper
Joined: 26 Mar 2007
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| Posted: Mon Mar 10, 2008 8:54 pm Post subject: |
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What's the rate on the street?
At SC, it was 982 yesterday.
Last edited by bacasper on Mon Mar 10, 2008 8:57 pm; edited 1 time in total |
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mrsquirrel
Joined: 13 Dec 2006
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| Posted: Mon Mar 10, 2008 8:56 pm Post subject: |
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I'll do you at 1200won for a dollar.
Can't say fairer than that. Dollar is worthless. |
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BRawk
Joined: 14 Oct 2007
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| Posted: Mon Mar 10, 2008 10:45 pm Post subject: |
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| Bibbitybop wrote: |
| Find the best rate, even if you exchange on the street at a money changer, and then transfer those US dollars at your bank. You don't have to exchange at the same place you transfer. |
It makes sense to go with the best rate....
....However, this is ususally the bank you transfer with. They will give you a remittance rate as opposed to a cash rate. The remittance rate is always lower.
All of the banks have thier rates posted in real time on thier websites. The rates fluctuate, but the spread will say the same. |
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aphong420
Joined: 06 Feb 2007
Location: KOREAAAAAAH
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| Posted: Thu Mar 13, 2008 6:18 pm Post subject: |
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| Is the whole stamping of the passports dealio - only for "exchanging" money? Is it possible to walk in with 2000 U.S. dollars and not get hassled for transfering? |
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