| View previous topic :: View next topic |
| Author |
Message |
sonicmatt
Joined: 04 Oct 2007
|
 Posted: Sun Jul 18, 2010 4:47 am Post subject: Getting Chinese Money |
 |
|
| Can you exchange Korean Won for Chinese cash at any bank here? |
|
| Back to top |
|
 |
alwaysbeclosing100
Joined: 07 Feb 2009
|
| Posted: Sun Jul 18, 2010 6:47 am Post subject: re |
|
|
| not every bank does foreign exchange. at least half of the common branches do currency exchange. they will usually ask for an ARC or a passport to do the transaction. |
|
| Back to top |
|
|
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Sun Jul 18, 2010 8:35 am Post subject: |
|
|
Most banks (certainly all with a forex desk) will TAKE (buy) RMB but won't stock RMB for sale.
Best bet (again, unless you are talking about multi millions of won) is just to exchange some at Incheon before you go.
Be aware that there ARE LIMITS on carrying RMB INTO China.
Best option,:
Buy about 100-200k won at Incheon.
Get the rest in US$ here and exchange them at any bank in China to get your yuan. The RMB is still pretty much fixed to the dollar so even if the dollar moves the exchange rate relative to the RMB will be stable and your loss on the exchange will be minimal.
Also, you won't need a suitcase to carry your cash.
$1000 = 10x$100 notes or 68x100rmb notes. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
