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Stupid Question About Currency Exchange

 
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DCJames



Joined: 27 Jul 2006

PostPosted: Fri Jun 22, 2007 10:22 pm    Post subject: Stupid Question About Currency Exchange Reply with quote

I'm checking out the KEB Website's Foreign Exchange Chart and have a simple question.

When you are trying to buy a foreign currency with won (cash), is the rate you will get the "Buying" or the "Selling" rate?

Here's the Link: http://www.keb.co.kr/IBS/nebanking/en/fx/fx/ca_100.jsp?vcode=18000000000000&scode=18010100000000
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ajgeddes



Joined: 28 Apr 2004
Location: Yongsan

PostPosted: Fri Jun 22, 2007 10:43 pm    Post subject: Reply with quote

The easy way to remember it is, whatever one gives you the worst value for your money is the one you are going to get.

Last edited by ajgeddes on Sat Jun 23, 2007 5:46 am; edited 1 time in total
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Wangja



Joined: 17 May 2004
Location: Seoul, Yongsan

PostPosted: Sat Jun 23, 2007 12:08 am    Post subject: Reply with quote

Sometimes they make it village-idiot proof and say "bank buys" and "bank sells".
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