Won Exchange Rate

[nacggk]

Thanks guys for the reply. Im actually surprised to find that Korean won is bigger than our Sing dollar.

 

[saffronsatire]

Got 50K one.....u never ask, by default will give u 10K one.

Ask u all huh...i last time go change....all the 50K got a smiling stamping on it. why huh?

I see. mine all 50k notes.

i shall ask the next time... hopefully, they will give also.

shall use those to pay the hotel and get rid of some.

 

[saffronsatire]

Got 50K one.....u never ask, by default will give u 10K one.

Ask u all huh...i last time go change....all the 50K got a smiling stamping on it. why huh?

didn't see any smiling stamping unless i missed it.

why default give 10k not used to it. those currencies i changed before some are the other extreme, €100, HKD1000, damn hard to use in small places.

others like twd, jpy, thb were in reasonable denominations.

 

[TrueB1ue]

usually they give 10000 normal use mah. 50000 like too big to buy bowl of noodles leh. last time pple say shop don accepy 50k note cos got counterfeit.

 

[vodaboy]

Assuming the rates are better in korea and i intend to change like $25k to KRW, will it be dangerous to be seen exchanging so much there? Or better to go to a bank? Are rates good at the local bank there?

 

[saffronsatire]

usually they give 10000 normal use mah. 50000 like too big to buy bowl of noodles leh. last time pple say shop don accepy 50k note cos got counterfeit.

orh..... haha i think they don't want to keep the small notes also, so many pcs, so troublesome.

i guess i will use the 10k notes to pay for my hotel to get rid of some.

 

[tortoise18]

I wan 10k notes lei.. If u wanna change 200k

 

[TrueB1ue]

orh..... haha i think they don't want to keep the small notes also, so many pcs, so troublesome.

i guess i will use the 10k notes to pay for my hotel to get rid of some.

ya loh.....wallet cant fit. not even pocket..... put in envelope also troublesome

 

[saffronsatire]

just saw 853 at a few arcade shops...

 

[cryptlord31]

just saw 853 at a few arcade shops...

changed 856 @ the arcade around 12 noon

 

[vodaboy]

Assuming the rates are better in korea and i intend to change like $25k to KRW, will it be dangerous to be seen exchanging so much there? Or better to go to a bank? Are rates good at the local bank there?

I went to google and saw some comments online that banks can give better rates than the street side money changers in Myeongdong. Anyone has this experience?

I went to see the FX rates on some of the banks' website and am confused by their rate table. They put a higher KRW amount under the buy column than the sell column. For example in this link http://www.shinhan.com/websquare/we...th=/contents/common/exchange_list_eng_pop.xml, buy SGD 880.77 and sell SGD 845.57. Which means change 1 SGD give you 880.77 KRW but you only need 845.57 KRW to exchange back 1 SGD?? Can someone enlighten me? Thanks.

 

[registeredname]

I went to google and saw some comments online that banks can give better rates than the street side money changers in Myeongdong. Anyone has this experience?

I went to see the FX rates on some of the banks' website and am confused by their rate table. They put a higher KRW amount under the buy column than the sell column. For example in this link http://www.shinhan.com/websquare/we...th=/contents/common/exchange_list_eng_pop.xml, buy SGD 880.77 and sell SGD 845.57. Which means change 1 SGD give you 880.77 KRW but you only need 845.57 KRW to exchange back 1 SGD?? Can someone enlighten me? Thanks.

Banks do give higher rates than street side moneychangers. Can even negotiate with the bank manager if you're changing big amounts.

 

[fishaye28]

So far I haven't seen banks having better rates than the money changers at myeongdong... tho I only change like $1k or so. Banks will never do anything that is not beneficial to them so I think it's you gotta use 1SGD to buy 846KRW and 880KRW to buy 1SGD. Myeongdong money changer's rate is 858 today

 

[saffronsatire]

851 at oue linkbridge. others are mostly 850 and below. didn't see sheen's.

 

[sabanuah]

851 at oue linkbridge. others are mostly 850 and below. didn't see sheen's.

Seems quite bad.two weeks back was 861. Now drop so much?

 

[sCuzzZy]

sigh. I still have a month to wait this out.

 

[saffronsatire]

Seems quite bad.two weeks back was 861. Now drop so much?

yup, dropped ever since. but guess it's still better than earlier this year 83x+.

 

[luei74]

Arcade People's Corner...851

Sent from ATXMNote2 smart phone jin hoh yong. using GAGT

 

[fishaye28]

Anybody in Korea and wanna change back to SGD? I need Korean won! Do pm me thanks!

 

[bongnino]

I went to google and saw some comments online that banks can give better rates than the street side money changers in Myeongdong. Anyone has this experience?

I went to see the FX rates on some of the banks' website and am confused by their rate table. They put a higher KRW amount under the buy column than the sell column. For example in this link http://www.shinhan.com/websquare/we...th=/contents/common/exchange_list_eng_pop.xml, buy SGD 880.77 and sell SGD 845.57. Which means change 1 SGD give you 880.77 KRW but you only need 845.57 KRW to exchange back 1 SGD?? Can someone enlighten me? Thanks.

Most money changers in Myeongdong suck.... Only the embassy one has rates better than Singapore. I posted a pic of the shopfront a couple of pages back. Pls do not simply visit a money changer in Myeongdong thinking it's the same, it's not, most are out to shortchange, the only one that offers high rates is the one at the China Embassy.