The reason you lose money when exchanging currency is not the exchange rate, but the fees. However, these fees vary by several times depending on the bank and branch.
This app collects currency exchange fees published daily by the Korea Federation of Banks, ranks them by currency, and calculates the amount of extra you would have to pay if you exchanged money at the airport.
■ How much you lose by exchanging at the airport
The Incheon Airport branch is convenient, but the fees are significantly higher. If you exchange 1 million won, you will pay this much more.
· Chinese Yuan (General) 3.00% → Airport 11.80% (Difference of 88,000 KRW)
· Thai Baht (General) 1.99% → Airport 10.15% (Difference of 81,600 KRW)
· Philippine Peso (General) 7.00% → Airport 14.80% (Difference of 78,000 KRW)
· US Dollar (General) 1.50% → Airport 4.20% (Difference of 27,000 KRW)
Here is a line showing how much more you have to pay for each currency.
■ The Pitfall of Reselling Being More Expensive
It is common to resell leftover foreign currency at the airport after a trip. However, there are airports where the commission is higher when selling than when buying.
· Incheon Airport Yen: Buying 4.5% → Selling 7.0%
· Incheon Airport Vietnamese Dong: Buying 13.9% → Selling 16.9%
This is a point missed by information that only compares buying fees. This app separates the buying and selling rates.
■ Bank Rankings and Calculator
· Compares 15 currencies (USD, JPY, EUR, CNY, DV, BAT, DAW, PES, etc.) with 19 banks and branches
· Calculates the actual fee in KRW for each bank when you enter the amount to exchange
· Displays the difference between the cheapest and most expensive options in monetary terms
■ Register Your Travel Plans
· Notifies you of the cheapest bank before departure
· Notifies you where to resell your remaining foreign currency upon return
· Notifies you if the bank with the lowest fee for your currency changes
· Instantly check the lowest fees via a home screen widget
■ Data Source
Uses exchange fee disclosure data from the Korea Federation of Banks Consumer Portal, which is automatically updated daily.
■ Notice
· The displayed fee rate is the percentage applied to the standard buying and selling rate.
· Bank-specific preferential rates (mobile exchange coupons, main customer benefits, etc.) and exchange rate fluctuations are not reflected, so the actual expenditure may differ. Please confirm with the relevant bank before exchanging currency. · You can avoid airport fees by applying for currency exchange in advance through the bank app and picking it up at an airport branch.
· This app is a tool for viewing public disclosure information, not a currency exchange agency or financial product brokerage service.
· Only information you directly enter is stored on your device, without requiring account linking or login.
We compare exchange fees by bank every day to show you how much you lose when exchanging money at the airport.