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Finance and money

Finance and money forum

money problems...need advice...please! : )

Posted by kennedy0826 on 6/5/2009 at 18:13

Hey, okay, so I seem to have dug myself in a bit of a hole.

When I left Korea I had to withdraw about the Korean Won equivalent of $1000 USD in cash because the bank was closed when I went there right before I left for Vietnam (where I am now). This is something the bank neglected to tell me about when I asked them when they were opened or closed, apparently it was some sort of holiday.

As I said, I'm in Vietnam now, and when I asked the bank if I could exchange currencies they said they couldn't convert Won to Dong--I think this will probably be the case in Thailand, Laos and Camodia as well. They did, however, tell me that I could go to the jewelery exchange and that they'd be able to do it for me.

I'm wondering if I should try to convert it all (if possible) into USD--if that would be easier to convert in the countries I mentioned above--or convert it all into Dong and then convert Dong into the other currencies. Also, I was wondering if i should just go to the airport and try to convert it all there...does anyone think this is something they'd be able to do?

I'm not so much worried about carrying the cash as I am worried about not being able to use it, as that's almost half of what I have here.

Please, let me know if you think you have any solutions or advice. It'd be greatly appreciated as I feel a bit lost for now.

Thanks in advance,

#1 kennedy0826 has been a member since 16/4/2009. Posts: 4

Posted by Mangala on 7/5/2009 at 01:16

The US$ is pretty much supreme in that area of the world - excepting Thailand who have a stable currency of their own. So I'd change the Won into Dollars instead, and when in Thailand the Dollars to Baht.

In VN, Laos and Cambodia the dollar will be how you get by with only local currency showing up as change for items that cost less than a dollar.

#2 Mangala has been a member since 5/4/2009. Location: United Kingdom. Posts: 14

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