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Re: [97attendees] Buy Won at Incheon Airport

Ricardo Peláez Negro <ricardo.pelaez@unibague.edu.co> Wed, 09 November 2016 00:53 UTC

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From: =?UTF-8?Q?Ricardo_Pel=C3=A1ez_Negro?= <ricardo.pelaez@unibague.edu.co>
Date: Tue, 8 Nov 2016 19:53:11 -0500
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To: Jim Reid <jim@rfc1035.com>
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Subject: Re: [97attendees] Buy Won at Incheon Airport
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Thanks Jim, very useful information.

​Regards,


*Ricardo *

On Tue, Nov 8, 2016 at 5:58 PM, Jim Reid <jim@rfc1035.com> wrote:

>
> > On 8 Nov 2016, at 22:17, Ricardo Peláez Negro <
> ricardo.pelaez@unibague.edu.co> wrote:
> >
> > Is there any recommendation to buy won at Incheon Airport?. I can see
> banks but i can't find the exchange rates
>
> Why? Whatever exchange rates are offered today will be different next
> week. It is also pretty much guaranteed that you’ll never, ever get the
> best exchange rates (and lowest fees) at an airport. Any airport. If you
> have no choice and must do that, expect to get ripped off. Just see who’s
> offering the least-worst deal when you arrive.
>
> In general your best option will be to withdraw local currency at an ATM.
> That almost always gets the prevailing exchange rate banks charge each
> other: much better than the retail rate offered to the public at a bank or
> bureau de change. The ATM fees should be lower than those charged for
> buying currency over the counter too. Just tell your bank beforehand you’ll
> be using your ATM and/or credit card in Korea so they don’t think those
> transactions are suspicious and block the card.
>
> FWIW I have been making interational trips for ~30 years and have almost
> never changed money or needed to visit a bank or bureau de change while
> abroad. Or used travellers cheques or bought foreign currency in advance
> either. 99% of the time, I’ve used cards and ATMs.
>
>
>
>

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