Information about Exchange

Information of Exchange

Basic information about Exchange - In Korea many bank seems exchanging the money according to daily currency rate but actually many bank buy dollars when it is cheap and sell it according to the daily rate. So they earn the money from this gap if you print special discount pass on the Internet before you exchange money, the bank discount commission fee(according to countries rate is different from 20%-50%). It is not big rate but if you exchange lot of money, you can save tidy money.

There are many cash can exchange in Korea. In normal bank we can change won to dollar, europe, yen, canada dollar, australia dollar, yuan. And big banks prepare baht and rupee. As we can change various kinds of cash in Korea, it is possible to prepare local money which is used at the travel place beforehand. If we can not exchange the local money, at first we exchange it as dollar then in the local place we can change it to local money.

If you travel outside for short time, prepare small money such as 10,000won, 10 dollar. During the travel we usually use small money than big money like we do not use 100,000won when we buy a coke. It is easy to prepare small unit money in Korea. Banks are ready to exchange them.

Moreover the appropriate time for exchanging is when you decide how much you will pay during the trip. Many people wait the lower rate than today's rate but anyone can not expect future currency rate so waiting is a useless thing.

Especially in vacation season there are a lot of travelers, you can not exchange money, so it is the best way to prepare money in early time.



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