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dogshed
Joined: 28 Apr 2006
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Ginormousaurus
Joined: 27 Jul 2006
Location: 700 Ft. Pulpit
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 Posted: Sun Oct 08, 2006 9:06 pm Post subject: |
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| I highly doubt that's true. The color banks care about is green. |
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the eye
Joined: 29 Jan 2004
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| Posted: Sun Oct 08, 2006 11:23 pm Post subject: |
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| Koreans do get a better exchange rate. Not much, but better. |
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Ginormousaurus
Joined: 27 Jul 2006
Location: 700 Ft. Pulpit
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| Posted: Mon Oct 09, 2006 12:10 am Post subject: |
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Seriously?
So if I go in to exchange $100 USD and a Korean goes in and exchanges the same amount, you think the Korean is going to get a better rate?
I just can't believe that. |
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spliff
Joined: 19 Jan 2004
Location: Khon Kaen, Thailand
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| Posted: Mon Oct 09, 2006 12:12 am Post subject: |
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| Ginormousaurus wrote: |
Seriously?
So if I go in to exchange $100 USD and a Korean goes in and exchanges the same amount, you think the Korean is going to get a better rate?
I just can't believe that. |
Wouldn't be surprised in the least...  |
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Beej
Joined: 05 Mar 2005
Location: Eungam Loop
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| Posted: Mon Oct 09, 2006 2:31 am Post subject: |
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| I dont think it is true, but if it is, this country deserves to get nuked. |
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huffdaddy
Joined: 25 Nov 2005
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| Posted: Mon Oct 09, 2006 3:00 am Post subject: Re: Exchange rate for foreigners. |
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| dogshed wrote: |
http://www.eslcafe.com/forums/korea/viewtopic.php?t=65451&postdays=0&postorder=asc&start=15
Someone on the thread above said his girlfriend got a better exchange rate because she is Korean. Is this true? -Jeff |
Exchanging cash is spot +/-2%.
Doing a wire transfer or putting it in your foreign currency account (for a minimum of 1 month, I think) will be spot +/-1%
Since this guy was exchanging cash for a money order, they probably charged him +2%, whereas the charged is kgf +1% (why, I don't know). At least that's my guess. All the rates are posted on the board and noone is going to get better than +/-1% off of spot. |
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the eye
Joined: 29 Jan 2004
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| Posted: Mon Oct 09, 2006 3:29 am Post subject: |
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All i kniw is what the agent told us. The GF and I went to the bank together to exchange cash. We were going on vacation. The exchange agent told my girlfriend that it would be cheaper for her to exchange, versus me, a non-korean.
This was at Daegu bank, last year.
the rates may be posted on the board, but they always play around with them. They also offer better rates if you exchange larger sums. |
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