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Namdaemun exchange, urgent question

 
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JustJohn



Joined: 18 Oct 2007
Location: Your computer screen

PostPosted: Fri Aug 29, 2008 2:49 am    Post subject: Namdaemun exchange, urgent question Reply with quote

Hey, leaving the country and need to change some money. Need this info fast, too. Thanks in advance!


1. Will the money exchange be open on Sat. or Sun. ?

2. Will they take coins?




If someone wants to throw directions in that would be handy but I can probably find that.
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southern boy



Joined: 29 Sep 2007

PostPosted: Fri Aug 29, 2008 4:10 am    Post subject: Reply with quote

I doubt it'll open, could be wrong. Chill out dude, there are a few currency exchange booth that open till late at Incheon airport, why not change it there? Or better leave it with me I'll do it for you first thing Monday morning! Razz
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JustJohn



Joined: 18 Oct 2007
Location: Your computer screen

PostPosted: Fri Aug 29, 2008 4:48 pm    Post subject: Reply with quote

Rofl, thanks. I guess I'll probably be stuck with doing it at incheon then.

Anyone know if incheon takes coins?
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JustJohn



Joined: 18 Oct 2007
Location: Your computer screen

PostPosted: Sat Aug 30, 2008 1:47 am    Post subject: Reply with quote

I'll take that as a no. On the odd chance that people actually start answering this thread, I have one last question.

Will it be stupid to change large amounts of won to dollars at the airport or will their rates be alright?
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bogey666



Joined: 17 Mar 2008
Location: Korea, the ass free zone

PostPosted: Sat Aug 30, 2008 1:50 am    Post subject: Reply with quote

JustJohn wrote:
I'll take that as a no. On the odd chance that people actually start answering this thread, I have one last question.

Will it be stupid to change large amounts of won to dollars at the airport or will their rates be alright?


changing large amounts of money at any airport, as a standard rule almost everywhere is DUMB DUMB DUMB DUMB

you will on average lose 10% changing money at airport.
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moosehead



Joined: 05 May 2007

PostPosted: Sat Aug 30, 2008 2:59 am    Post subject: Reply with quote

major hotels (anywhere in the world to my knowledge) change money but generally only in amounts over $100; don't know how much you are talking about but if it's a lot check out the biggest hotel in Seoul, one of the Hilton's or similar; if they won't change all of it and you need more you can always do a little hotel hoppin' Laughing
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bogey666



Joined: 17 Mar 2008
Location: Korea, the ass free zone

PostPosted: Sat Aug 30, 2008 8:58 am    Post subject: Reply with quote

moosehead wrote:
major hotels (anywhere in the world to my knowledge) change money but generally only in amounts over $100; don't know how much you are talking about but if it's a lot check out the biggest hotel in Seoul, one of the Hilton's or similar; if they won't change all of it and you need more you can always do a little hotel hoppin' Laughing


hotels - probably the 2nd worst place to ever change money, right after airports (perhaps even worse)
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moosehead



Joined: 05 May 2007

PostPosted: Sat Aug 30, 2008 4:54 pm    Post subject: Reply with quote

no they're not - I've done it a number of times and never had a problem and received the current rate of exchange - why on earth would you say such a thing?

clearly you don't know what you're talking about.

I've also gone to large ones to cash traveler's checks when no other place was available.
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peppermint



Joined: 13 May 2003
Location: traversing the minefields of caddishness.

PostPosted: Sat Aug 30, 2008 5:01 pm    Post subject: Reply with quote

OP, there are a few banks in the basement of the airport ( Shinhan, KEB Woori and Kookmin, according to the airport site) and they look to be open 7days a week. KEB looks as though it's open from 6 am to 9 pm out there. If you're willing to lug your change to the airport, then you're all set.

For what it's worth, the exchange counters within Incheon airport give the same rates as the banks- it's one of the few airports in the world where that's true.
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bogey666



Joined: 17 Mar 2008
Location: Korea, the ass free zone

PostPosted: Sat Aug 30, 2008 9:48 pm    Post subject: Reply with quote

moosehead wrote:
no they're not - I've done it a number of times and never had a problem and received the current rate of exchange - why on earth would you say such a thing?

clearly you don't know what you're talking about.

I've also gone to large ones to cash traveler's checks when no other place was available.


maybe Korea is different, I've never been to hotels here.

Hotels in places around the world, especially touristy places regularly rip you off in a HUGE way on exchange rates. (e.g. Indonesia - hotel rate 8900 to 1). Competitive rate at money exchange shop for a clean USD 100 bill (divided by a 100)= 9200-9300. Cash station/interbank exchange - 9142

btw. I see peppermint say currency exchange at ICN is same as bankrate.
cool - but also amazing/atypical - as she notes herself.
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