| South
Korea
South
Korean Won = 100 jeon. Notes are in denominations
KRW10000, 5000, 1000
To
view images and descriptions of all these
denominations [click
here]
Currency
Import/Export Restrictions:
The
import and export of local and foreign currencies
is free. However, you must declare amounts
over USD10,000 or equivalent.
The
export of foreign currency by foreigners
cannot exceed the amount declared as imported.
Reconversion on departure
requires proof of prior exchange.
[Click
Here] for more information on doing
a money transfer to South Korea.
Currency
Exchange:
In
some tourist areas, merchants may be willing
to accept U.S. dollars or Japanese yen,
but the exchange rate will be worse than
the official rate. Most banks and hotels
can exchange money, and most will also take
travelers cheques. Cash advances on non-Korean
credit cards can be made in most subway
stations and banks. Remember to keep cash
handy for the weekends when it is extremely
difficult to change money.
Credit
Cards:
Most
merchants in the cities accept Visa, MasterCard
and American Express credit cards, but Korea
is generally a cash based economy.
Banks:
Banking
Hours in South Korea are generally Monday
to Friday 9:30 am-5 pm.
Exchange
Rate History:
| Date
|
KRW
Rate |
| 01/01/02
|
1816.875 |
| 01/01/03
|
1815.720 |
01/01/04
|
2025.581 |
| 01/01/05
|
1961.845 |
| 01/01/06 |
1684.654 |
A rough guide to the tourists rates for
the South Korean Won since the beginning of
2002
-View
South Korean Won exchange Rate-
-Order
South Korean Won-
-Register
for an International money transfer To South
Korea-
|
