Where to exchange money in Boryeong
If you’re planning a trip to Boryeong, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Boryeong. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
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Currency exchanges in Boryeong
If you have a need to use cash, here are some recommendations to exchange foreign currency in Boryeong.
Just remember, there's no such thing as completely free or 0% commission when exchanging money. Always check the mid-market exchange rate beforehand so you know the real value of your money.
| Money Changer | Address | Contact Information |
|---|---|---|
| MONEYBOX GANGNAM (Currency Exchange) | South Korea, Seoul, 머니박스 강남지점 103호 KR 서울특별시 서초구 서초대로77길 3, 아라타워 | +82 2-3478-8388 |
| Money Box Myeongdong Main Branch | 108-1 Myeong-dong 2(i)-ga, Jung District, Seoul, South Korea | +82 2-3789-0888 |
| MONEYBOX UNSEO (Currency Exchange) | South Korea, Incheon, Jung-gu, Sindosinam-ro 142beon-gil, 6 1층126호 | +82 32-746-1888 |
| MoneyBox Hongdae(currency exchange) | 72 Wausan-ro 29-gil, Mapo-gu, Seoul, South Korea | +82 2-336-7972 |
| MoneyGram | 128-21 Gyeongwon-dong 1(il)-ga, Wansan-gu, Jeonju, Jeonbuk State, South Korea | +82 63-288-0151 |
| China embassy front fx exchange | 26 Myeongdong 2-gil, Jung District, Seoul, South Korea | +82 2-776-8927 |
| exchange money | 43 Myeongdong 2-gil, Jung District, Seoul, South Korea | +82 2-778-4567 |
| 홍성 JOY | South Korea, Chungcheongnam-do, Hongseong, Hongseong-eup, Hongdeokseo-ro, 203-11 KR | +82 50-21485-5840 |
| 엘에이치환전 | 7번지 423 Dongmun-dong, Sosan, Chungcheongnam-do, South Korea | |
| 중한환전소 | South Korea, Chungcheongnam-do, Dangjin, Eumnae-dong, 번지 1층 166-14 KR |
South Korean won rate today
When you're in Boryeong, and also the rest of South Korea, the official currency is the South Korean won.
Yet, when you step into a currency exchange shop, you'll notice they use currency codes. The code associated with the South Korean won is KRW, so be sure to take note of it when comparing exchange rates.
What you should know about exchanging money in Boryeong
Before exchanging money in Boryeong or any foreign city, it's important to be informed to avoid excessive charges and get the best deals. Consider opening a bank account in South Korea for long-term stays or substantial investments like buying property or cars.
1. Beware of 'zero fee' services
Services claiming 'no commission' often offer poor exchange rates, not reflecting the mid-market rate, leading to hidden profits for them.
2. Check the exchange rate beforehand
Familiarize yourself with the base rate to identify a bad deal from exchange services.
3. Avoid exchanging money at airports or hotels
Convenience comes at a price, as airports and hotels usually offer poor rates and high transaction fees.
4. Use ATMs strategically
Check if your home bank has partnerships in South Korea banks to avoid extra ATM fees, and inform your bank before traveling.
5. Opt for local currency
When using an ATM abroad, choose to be charged in South Korean wons for a fairer rate and avoid undisclosed exchange rates and additional fees.
Currency exchange bureau who?
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Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Boryeong. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.