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Matt_22
Joined: 22 Nov 2006
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 Posted: Fri Jul 27, 2007 8:33 pm Post subject: exchanging money questions |
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| what's the limit on exchanging money at the airport (won-to-yen)? would i be able to exchange 700,000 before leaving for japan? also, do they accept bank checks or just cash? |
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Richard Krainium
Joined: 12 Jan 2006
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| Posted: Fri Jul 27, 2007 8:35 pm Post subject: |
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700,000 won to yen? No problem.
Yes, you can use bank checks. |
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atomic42
Joined: 06 Jul 2007
Location: Gimhae
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| Posted: Sat Jul 28, 2007 4:19 am Post subject: |
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| What about US travelers' checks? Is there a limit and would it be a problem exchanging them for won at ICN? |
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Richard Krainium
Joined: 12 Jan 2006
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| Posted: Sat Jul 28, 2007 2:32 pm Post subject: |
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| atomic42 wrote: |
| What about US travelers' checks? Is there a limit and would it be a problem exchanging them for won at ICN? |
You people are cracking me up with this "is there a limit" question.
How much are planning on changing? $50,000? $100,000? $500,000? Then it might be a problem. Your measly $1000 T/C ain't gonna break the bank.
US T/C's to Won are fine. Just change enough to get out of the airport until you can get to a regular bank. Airport exchange rates are among the worst you'll find in Korea. |
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atomic42
Joined: 06 Jul 2007
Location: Gimhae
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| Posted: Sun Jul 29, 2007 12:43 am Post subject: |
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Exchanging Money
If you have not already exchanged U.S. dollars into Korean won, you can easily do so at facilities in the airport. You will probably need to have some Korean money to pay for transportation from the airport to your final destination. Generally, because the exchange rate of banks at airports is higher than banks in the city, it may be wise to simply obtain the amount necessary for transportation fare and exchange the rest of your money somewhere in the city. Alternately, you can use your credit card at an ATM, which will probably be the cheapest and simplest way to exchange money.
http://www.dynamic-korea.com/exploring/arrival.php |
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Richard Krainium
Joined: 12 Jan 2006
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| Posted: Sun Jul 29, 2007 5:47 pm Post subject: |
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| atomic42 wrote: |
Exchanging Money
If you have not already exchanged U.S. dollars into Korean won, you can easily do so at facilities in the airport. You will probably need to have some Korean money to pay for transportation from the airport to your final destination. Generally, because the exchange rate of banks at airports is higher than banks in the city, it may be wise to simply obtain the amount necessary for transportation fare and exchange the rest of your money somewhere in the city. Alternately, you can use your credit card at an ATM, which will probably be the cheapest and simplest way to exchange money.
http://www.dynamic-korea.com/exploring/arrival.php |
Higher as in you buy higher. Not you get higher. |
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atomic42
Joined: 06 Jul 2007
Location: Gimhae
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| Posted: Sun Jul 29, 2007 11:39 pm Post subject: |
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| Thanks for the clarification. I posted the info from the Incheon website only to confirm your previous post. |
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Kim Jong Jordan
Joined: 13 Mar 2004
Location: The Internet
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| Posted: Mon Jul 30, 2007 1:48 am Post subject: |
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| hmmm, so should I exchange my won for baht at my KB bank or the airport? |
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spliff
Joined: 19 Jan 2004
Location: Khon Kaen, Thailand
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| Posted: Mon Jul 30, 2007 4:12 am Post subject: |
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| No, get large denomination US Dollar travelers checks. |
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Kim Jong Jordan
Joined: 13 Mar 2004
Location: The Internet
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| Posted: Mon Jul 30, 2007 6:56 am Post subject: |
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| seriously? i've never been to thailand before, i'll need some cash for when i get off the plane for taxis and such, i figured to get about 200 000 w in baht and the rest in travelers cheques..... |
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spliff
Joined: 19 Jan 2004
Location: Khon Kaen, Thailand
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| Posted: Mon Jul 30, 2007 1:50 pm Post subject: |
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| They have exchanges at the airport 24/7. |
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Richard Krainium
Joined: 12 Jan 2006
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| Posted: Mon Jul 30, 2007 2:54 pm Post subject: |
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| spliff wrote: |
| No, get large denomination US Dollar travelers checks. |
Why? Pay for the exchange twice (won - $ & $ - baht) plus in Thailand you'll pay a service charge for cashing T/C's.
Just change won for baht here at your bank and be done with it. The airport exchange rate will always be less favorable.
Whatever you do, don't take won out of Korea. Nobody wants it. |
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spliff
Joined: 19 Jan 2004
Location: Khon Kaen, Thailand
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