| View previous topic :: View next topic |
| Author |
Message |
Mandinga
Joined: 12 Oct 2008
Location: Seoul
|
 Posted: Fri Dec 12, 2008 1:50 pm Post subject: Best way to exchange to won? |
 |
|
| Should I take a wod of cash with me or put more substantial amounts into travelers checks? Or is there an easier way to bring your money? |
|
| Back to top |
|
 |
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Fri Dec 12, 2008 6:21 pm Post subject: Re: Best way to exchange to won? |
|
|
| Mandinga wrote: |
| Should I take a wod of cash with me or put more substantial amounts into travelers checks? Or is there an easier way to bring your money? |
Depending on where you are going and how much you are taking, just pack a few Ben Franklins into your pants.
T/Cs that are bought in Korea (regardless of the currency they are denominated in) are about 1 step above useless and you WILL get a WORSE rate when you try to exchange them (not to mention the hassle you will get looking for a bank or money changer to take them).
US$, in $100 denominations work best anywhere outside of Europe and will get you the best rates when you change them to the local currency.
. |
|
| Back to top |
|
|
jvalmer
Joined: 06 Jun 2003
|
| Posted: Fri Dec 12, 2008 6:49 pm Post subject: |
|
|
If you want T/C's always get American Express T/C's. For some reason many places don't want to take other T/C's.
Nonghyup offers them. |
|
| Back to top |
|
|
sojourner1
Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug
|
| Posted: Fri Dec 12, 2008 8:03 pm Post subject: |
|
|
Ttompatz is right. Just make sure your Franklin notes are perfect and fairly new. US$ currency is useless if it's spindled, worn, damaged, or has a tiny rip. Be careful to not get it wet! I used a waterproof pouch to hide in a money belt.
I'll buy half in currency and half in T/C's and carry 2 debit cards and 2 wallets. One hidden in carry on backpack and one for my front pocket to hold spending cash. If robbed, they only most likely get the one in your pocket that doesn't include your cards, T/C's, and all your money, but only $100 to $200 cash or less. You can even pack an old drivers license and cards you can lose in the pocket wallet to make it look like the only wallet you have. |
|
| Back to top |
|
|
sojusucks
Joined: 31 May 2008
|
| Posted: Wed Dec 17, 2008 12:06 am Post subject: |
|
|
| I bought travellers' checks in Korea in US denominations and they were accepted in other countries. The exchange rate isn't great right now but it has slowly been improving over the last few days. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
