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  • douweg
  • Newgookin

    • 2

    • July 08, 2010, 08:46:48 am
    • Korea
Changing won to dollars
« on: February 17, 2011, 03:09:31 pm »
Hi

I am travelling to Nepal and I want to change my Korean won to $ in Korea.  Has anyone recently looked at the different rates of the banks?

Where can I find the best rates for converting my money in Korea?

Thanks


  • pickle
  • Veteran

    • 139

    • June 29, 2010, 01:58:27 pm
    • Cheongju, Chungbuk
Re: Changing won to dollars
« Reply #1 on: February 17, 2011, 03:15:21 pm »
KEB is supposed to be good, since they specialize in foreign exchange.  However, they were only better than Nonghyup by about 2 won per dollar.


Re: Changing won to dollars
« Reply #2 on: February 18, 2011, 09:45:16 am »
Do you need to have an account with KEB to do this?  Since I get paid on the last day I'll be here, I was thinking of just changing it at the airport.  I have a feeling I won't get nearly as much as I would at a bank.


  • pickle
  • Veteran

    • 139

    • June 29, 2010, 01:58:27 pm
    • Cheongju, Chungbuk
Re: Changing won to dollars
« Reply #3 on: February 18, 2011, 09:53:46 am »
Do you need to have an account with KEB to do this?  Since I get paid on the last day I'll be here, I was thinking of just changing it at the airport.  I have a feeling I won't get nearly as much as I would at a bank.

Actually, I'm not sure about that. You might ask ahead of time (or check their website, which has an English button). But don't you have some kind of Korean account? Like I said, the difference between NongHyup's rate and KEB's was so small it wouldn't be worth is to open an account for one transfer anyway. As far as other banks go, I can't see any bank not being able to exchange common currencies.


  • confusedsafferinkorea
  • Waygook Lord

    • 5367

    • October 08, 2010, 01:02:32 pm
    • Zhubei, Hsinchu Province, Taiwan
    more
Re: Changing won to dollars
« Reply #4 on: February 18, 2011, 09:59:49 am »
No you don't need an account, just take your passport, ID card and go to KEB and then you can exchange won for dollars.
There is no known medical cure for stupidity!


  • jacqmcc
  • Explorer

    • 5

    • March 26, 2010, 11:22:25 am
    • s.korea
Re: Changing won to dollars
« Reply #5 on: February 18, 2011, 10:23:28 am »
Somebody told me that if you exchange a certain amount of currency (maybe 500,000won) at a KEB bank, you can get free travel insurance from the bank. I haven't tried it but maybe good to find out.


  • Sara
  • Featured Contributor

    • 702

    • September 01, 2010, 08:58:35 am
    • Chungcheongbukdo
Re: Changing won to dollars
« Reply #6 on: February 18, 2011, 10:25:26 am »
Last time I traveled I just changed mine at the airport. Usually airports are a pretty bad deal, but at Incheon the rate was similar to my bank (NH). As always, the more you change, the better rate you get.