Where should you go for the best possible rates? Check and compare our currency exchange rates updated daily and don’t pay more than you should for Korean Won! Your Guide to Foreign Currency Exchanging in Korea (2024)
Planning a trip to Korea? Buckle up, because amidst the excitement of exploring vibrant cities and indulging in delicious food, there’s one crucial detail to consider: currency exchange.
Finding the Best Rates:
Forget the stress of comparing rates! We’ve got you covered with our daily updated Exchange Rate Calculator (link included at the end of this post). This handy tool ensures you get the most out of your hard-earned cash.
Korean Currency 101:
Get familiar with Korean Won! Here’s a quick breakdown of the bills and coins you’ll encounter:
There are four types of bills in Korean Won:
β©1,000
οΏ¦5,000
οΏ¦10,000
β©50,000
There are also 5 types of coins: β©500, β©100, β©50, β©10, & β©1.
Exchange Strategies:
Should you exchange before your trip? Generally, it’s best to wait and exchange your currency in Korea. You’ll typically find better rates there.
Airport Exchange? Proceed with Caution!
While convenient, airport exchange booths often have less favorable rates. We recommend exchanging a small amount for immediate needs upon arrival and using alternative methods for the rest.
Here are your Won-derful Options in Korea:
WOW Exchange Automatic Money Exchange
Seoul offers these time-saving machines that accept USD, TWD, HKD, and JPY. Perfect for quick exchanges! They are all over the city – even at Gimpo airport.
Want to know where to find and how to use them?
Exchange Houses
There are numerous exchange houses throughout Korea that offer competitive rates.
Banks
Banks are a reliable option, but rates might be slightly less competitive than dedicated exchange houses. But you can be sure that they are trustable.
Bonus Tip
Always check the exchange rate and any applicable fees before finalizing your transaction.
Remember: This guide equips you with the knowledge to navigate currency exchange in Korea with confidence. Now, get ready to explore the Land of Morning Calm and make unforgettable memories!
Exchange Rate Calculator Link:
