A week before our flight to Korea, we decided to exchange our Philippine Peso to Korean Won so that we can spend and buy train tickets upon arriving at the city and to buy dinner as well. With that, it will lessen the time looking for a place to exchange our local money and start what is on our itinerary.
Our first option is to exchanged it to one of our local commercial bank in Manila.
#Option 1: Local Commercial Bank
We choose to exchange at the Bank (BDO) because it is more convenient to us and the conversion rate is also competitive. You can only exchange to the branch where you have an account and if your planning to exchange peso to won, better reserve it a week before your flight. Upon claiming, you need to show your passport and flight ticket as required.
If for instance the bank has no available won, better to buy US Dollar or Euros first then convert it to Won afterwards.
#Option 2: Money Changer from Manila or Seoul
Buy currency at your local money changer. Unlike banks, they are less strict about the requirements. Better call and reserve ahead of time because at times they don’t have notes available for a specific currency. Money Changers that I always saw at malls are Czarina’s and Sanry’s and they are also shops that already established good reputation. There are also a lot of money changer near Ermita so go with the one closest and convenient to you.
Money changer’s at Seoul especially Myeongdong area also have competitive rates. When we almost run out of Won, we exchanged near Myeongdong station and the rates are close with the one we had at the local bank from Manila. Added: We exchanged our PHP money to WON in Seoul near the Exit 8 of Myeongdong train station next to Tous les Jours.
#Option 3: Airport Money Changer
If you just want to exchange a few money for the transportation to the city, there are money changers inside the airport terminal. Though, the exchange rates here are not as competitive as the ones that you can get from Money Changer in the city on in the bank.
Related posts about our 5days-4nights South Korea DIY travel:
- SOUTH KOREA: DIY Summary and Itinerary for 5Days/4Nights
- First time guide on applying for South Korea tourist visa for Pinoys
- 5 ways on getting a Cheap Plane ticket
- What to Wear on an Autumn-Winter trip in South Korea
- Winter Clothes and Where to Find Them | Ukay Ukay Guide in Guadalupe
- Where to exchange Philippine peso to Korean Won
- SEOUL DAY 1
- SEOUL DAY 2
- SEOUL DAY 3
- SEOUL DAY 4
- SEOUL DAY 5