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Keepongoing
Joined: 13 Feb 2003
Location: Korea
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 Posted: Thu Jul 13, 2006 2:32 pm Post subject: Changing Won to Filipina Pesos |
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| is it ok to do this at the airport, or is the rate that much different than elsewhere? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Jul 13, 2006 2:50 pm Post subject: Re: Changing Won to Filipina Pesos |
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| MASH4077 wrote: |
| is it ok to do this at the airport, or is the rate that much different than elsewhere? |
Get a few thousand here from the airport - get smaller bills (100php or 500) if you can. The airport likes to pass out 1000s and no-one there can cash them.
The best rates there are usually from the money changers but if you are NOT travelling to a place where Koreans travel to frequently (like Boracay or Cebu) it will be hard to exchange won.
You can always get a few "hundred dollar bills" (USD$100s) before you leave. You can exchange them almost anywhere. (money changers / hotels / malls / department stores). |
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keninseoul
Joined: 09 Mar 2004
Location: Seoul
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| Posted: Fri Jul 14, 2006 6:35 pm Post subject: won in RP |
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| Quote: |
| ... best rates there are usually from the money changers but if you are NOT travelling to a place where Koreans travel to frequently (like Boracay or Cebu) it will be hard to exchange won. |
The best rates ARE from the grey market money changers - drop the won here - Won are darn useless outside RoK (so much for RoK being a financial powerhouse). Get greenbacks here and exchange them for pesos in RP - the gray-market is higher, so you do not lose in the double exchange.
SM (department store) and now are almost everywhere usually has a FX outlet. Else most any grey market dealer - do check around for the best rate. Do NOT exchange with some guy in the street.
Hotels and the like give a lousy exchange rate. |
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dulouz
Joined: 04 Feb 2003
Location: Uranus
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| Posted: Fri Jul 14, 2006 7:17 pm Post subject: |
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| Do not change the won on the tourist part of Manila. Take the sky train north to the end of the line. There is a mall with a money exchange in the basement - go there and you'll get 20% more money. |
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justagirl
Joined: 17 Jan 2003
Location: Cheonan/Portland
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| Posted: Fri Jul 14, 2006 9:40 pm Post subject: |
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Definitely change your won into dollars before you go. I've posted this info probably 3 times here on Daves...you'll get about 40% more if you change to dollars and then change your dollars into pesos when you get to the Philipines.
If you want, get a few pesos here in Korea, but the airport exchange in Manila will be open, and we usually just exchaged $20 when we arrived and waited to change the rest of the $ outside of the airport where you get a better exchange rate.
I agree with above posters: DO NOT take Korean won outside of Korea--you'll never be able to exchange it!
justagirl |
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keninseoul
Joined: 09 Mar 2004
Location: Seoul
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| Posted: Sat Jul 15, 2006 6:57 am Post subject: Changing Won to Filipina Pesos |
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BTW
it's FilipinO pesos. Filipina refers to a lady from the Philippines 
should mention, if you do carry greenbacks in qty, a moneybelt is a darn good idea
Associated question: my local FineBank tells me there is a USD 10,000 limit on FX - they stamp your friggin passport when you exchange (talk about totalitarian mentality!). Is that for calendar year? |
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Tiger Beer
Joined: 07 Feb 2003
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| Posted: Sat Jul 15, 2006 3:33 pm Post subject: |
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| justagirl wrote: |
Definitely change your won into dollars before you go. I've posted this info probably 3 times here on Daves...you'll get about 40% more if you change to dollars and then change your dollars into pesos when you get to the Philipines.
If you want, get a few pesos here in Korea, but the airport exchange in Manila will be open, and we usually just exchaged $20 when we arrived and waited to change the rest of the $ outside of the airport where you get a better exchange rate.
I agree with above posters: DO NOT take Korean won outside of Korea--you'll never be able to exchange it!
justagirl |
thats what I did as well.
Most of my Won went into US$ (done in Itaewon).. as well as some Won into Peso beforehand - immediate landing spending peso money.
The airport in Incheon also exchanges Won into Peso - even if its not on their exchange rate board, they still do. I've done this a few times as well. Not all of them at the airport will have Peso available, but if you go around to a few, you'll find one with peso available. |
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endo
Joined: 14 Mar 2004
Location: Seoul...my home
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| Posted: Sat Jul 22, 2006 10:16 am Post subject: |
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How is the exchange rate for dollars to pesos on Boracay?
Does the airport in Manila offer a better deal? |
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