As one of the hottest tourist spots in Seoul, you can easily find money changers in Myeongdong. There are two types though, one is the street vendor money changers, the other one is local Korean bank offering currency exchange service.
Street Money Changers at Myeongdong
Street Money Changers are plentiful at Myeongdong. You can find one almost every 20 meters to 30 meters. For that reason, you can get one of the best exchange rates in Seoul here because money changing is a very competitive business here.
|You can see many money changers at almost every part of the street in Myeongdong.|
Most money changers in Myeongdong will display their exchange rates for USD, Yen, Euro and Chinese Yuan publicly at their store. You can their exchange rates before deciding which money changer to change your money at. If you can't speak Korean language, don't worry, most money changers here understand simple English (at least the currency names). The amount of sum exchanged is usually communicated with numbers on calculators or cashier machine.
|A lady exchanging money at a street money changer in Myeongdong. The street is busy all day long. So it is very safe here. If you want more privacy, try money changers located in a shop. There are plenty of them in Myeongdong too.|
|Money Changer Shop in Myeongdong. The Exchange Counter is Located Inside the Shop for More Privacy.|
Bank Money Exchange Services in Myeongdong
For those who are more comfortable dealing with bank, or who would like to exchange a very large sum of money, you could also visit a local bank offering currency exchange service in Myeongdong.
|Bank Offering Currency Exchange Service in Myeongdong.|
|Shinhan Bank opposite Nine Tree Hotel offers Currency Exchange.|
Major Currencies Accepted at Myeongdong Money Changers
|Four Major Currencies Accepted at All Myeongdong Money Changers|
Like many money changers in Seoul, four major currencies, namely, American Dollar (USD), Euro (Eur), Japanese Yen (Yen) and Chinese Renminbi (RMB) are well accepted here.
If you hold other currencies such as Hong Kong Dollar, Malaysian Ringgit, Singapore Dollar, Philippines Peso, don't be discouraged. Just ask, some money changers in Myeongdong are willing to accept them.