Is Korean won readily exchangeable at realistic rates in Bangkok?

As usual I found myself a little bit short of local currency in my current country a day before flying to my next country.

ATM fees add up fast (especially in Thailand!) so I withdrew enough KRW to last a couple of weeks in Thailand.

But I seem to remember that exchanging currencies is quite a pain in Thailand. I seem to recall being advised to ask in gold shops when in smaller places. Of course it will be possible in the airport but airports always offer the worst rates, and in any case I'm curious. I do know that Bangkok at least has a decent chain of exchanges called "Super Rich" that offers good rates. But I don't know if that extends to Korean money.

Koreans have become a decent sized force in tourism in Asia in recent years so that's a plus.

My flight isn't until the evening so I will be able to exchange some KRW for USD or possibly THB before I head to the airport. If anyone has experience comparing rates between these strategies that would also be great to know.

Best Answer

The website of the chain mentioned in the question shows the exchange rates they offer. Korean won isn't at the top of the list, but it is mentioned before Chinese yuan so it seems a safe bet that it's a currency they handle regularly. The exchange rates they're offering are currently 0.0252/0.254 buy/sell, which is a fairly small spread and seems 'realistic' by any reasonable interpretation.

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Where can I exchange Korean won?

Banks are available all over town. Shinhan Bank, Woori Bank, and KEB Bank have Foreign Exchange Counters in major Tourist areas like Myeongdong, Itaewon, etc. Your credit card provides you with the absolute best exchange rate for purchases in South Korea.

What is meant by exchange rate?

exchange rate, the price of a country's money in relation to another country's money. An exchange rate is \u201cfixed\u201d when countries use gold or another agreed-upon standard, and each currency is worth a specific measure of the metal or other standard.

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