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asams
Joined: 17 Nov 2008
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 Posted: Tue Jul 14, 2009 6:57 pm Post subject: Exchanging KRW to Philippines Pesos...Where? |
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Where should I exchange Korean Won to Philippines Pesos? At my bank (IBK)? Itaewon? the airport?
Also, for those that have been, here is my pending itinerary - how much money will I need for a rather low key week with plenty of relaxation on the beach?
July 23rd - Manila
July 26th - fly to Boracay
August 1st - Manila
August 2nd - leave for Taipei
August 3rd - leave Taipei for Incheon |
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sonicmatt
Joined: 04 Oct 2007
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| Posted: Tue Jul 14, 2009 6:59 pm Post subject: |
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| at the manila airport |
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asams
Joined: 17 Nov 2008
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| Posted: Tue Jul 14, 2009 7:02 pm Post subject: |
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| really? I'll get a better exchange rate that way? Are there that many Korean tourists and Filipinos coming to Korea that they would actually want Korean Won at the Manila airport? |
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Xuanzang
Joined: 10 Apr 2007
Location: Sadang
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| Posted: Tue Jul 14, 2009 7:02 pm Post subject: |
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| KEB, if you can find one where you're at. Or bring dollars and do it in Manila. |
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asams
Joined: 17 Nov 2008
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| Posted: Tue Jul 14, 2009 7:04 pm Post subject: |
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| I can do KEB. Also, would you suggest Traveler's Checks (is Checks or Cheques the correct word here?) over cash? Or a little bit of cash and the rest in Checks/Cheques? |
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dc'79
Joined: 01 Jun 2008
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| Posted: Tue Jul 14, 2009 7:05 pm Post subject: |
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| If its for a large amount of money...then go with your bank. Airports in general will always give you lousy rates. I usually just exchange a small amount of money at Nino Aquino airport to cover taxi fares and whatnot. |
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asams
Joined: 17 Nov 2008
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| Posted: Tue Jul 14, 2009 7:10 pm Post subject: |
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| I was thinking somewhere around 1.3 million Won? That should cover me pretty well right? |
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dc'79
Joined: 01 Jun 2008
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| Posted: Tue Jul 14, 2009 7:14 pm Post subject: |
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| Personally I never carry more than 20,000 pesos on me. I generally walk around with about 5,000 pesos. If you got a working safe in your room should be ok I guess. Don't you have an international debit card? |
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asams
Joined: 17 Nov 2008
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| Posted: Tue Jul 14, 2009 7:15 pm Post subject: |
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| Nope. I guess I could check with KEB this week. Think I would be able to get one in time? |
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dc'79
Joined: 01 Jun 2008
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| Posted: Tue Jul 14, 2009 7:17 pm Post subject: |
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| No idea mate. I use HSBC. |
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asams
Joined: 17 Nov 2008
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| Posted: Tue Jul 14, 2009 7:19 pm Post subject: |
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| Thanks for the suggestions anyway. |
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sonicmatt
Joined: 04 Oct 2007
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| Posted: Tue Jul 14, 2009 7:35 pm Post subject: |
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| when in doubt always take usd with you. |
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asams
Joined: 17 Nov 2008
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| Posted: Tue Jul 14, 2009 7:46 pm Post subject: |
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| you don't think I'll take more of a hit if I exchange to USD first then to Pesos? |
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Ruthdes
Joined: 16 Oct 2008
Location: Seoul
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| Posted: Tue Jul 14, 2009 7:59 pm Post subject: |
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| asams wrote: |
| Nope. I guess I could check with KEB this week. Think I would be able to get one in time? |
Yes. They did one for me on the same day. However...I got to Boracay and IT DIDN'T WORK!!! Lucky I had money in my Australian bank account to use. I went back to the same bank and same lady (KEB - Posco Sageori in Samseong-dong) and she looked terribly embarrassed and gave me a form that needed to be signed to use the card overseas. Argh. So if you do this be very explicit about your need to use the card next week in The Philippines. I would still be wary trusting it though.
| asams wrote: |
| was thinking somewhere around 1.3 million Won? That should cover me pretty well right? |
I think I spent about 1 million for a full week, which included copious amounts of alcohol and not stinging on meals, plus I did my Padi Advanced Open Water Diving Certificate (about 14,000 pesos) and 2 extra dives. 1.3 should be plenty.
| asams wrote: |
| really? I'll get a better exchange rate that way? Are there that many Korean tourists and Filipinos coming to Korea that they would actually want Korean Won at the Manila airport? |
There are heaps of Koreans in The Philippines. You have plenty of chances to keep practising your hangeul reading in Boracay! You can even eat sam gyeop sal if you want 
Have fun  |
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D.D.
Joined: 29 May 2008
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| Posted: Tue Jul 14, 2009 8:16 pm Post subject: |
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Buy U.S dollars and exchange them in shopping malls in Phillipines. Don't bring won anywhere near the Phillipines as the exchange rate will scare you. Airports in the Phillipines are a joke at the exchange counters.
Also for a week bring at least 1200-1500 U.S. as it's not as cheap as everyone says. |
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