Frequently Asked Questions (FAQ)

It means 90% of the spread is discounted. For example, if the USD cash spread is 1.75%, a 90% preferential rate leaves an effective fee of 1.75% × 10% = 0.175%. It's easy to confuse with "90% fee reduction" but what remains is 10% of the spread.

Both waive exchange fees 100% for major currencies, so pure exchange rates are nearly identical. TravelLog supports 42 currencies and offers free US$500/day ATM withdrawal abroad; WON+ waives even Mastercard brand fees (for some periods) and bundles Woori Card lifestyle perks. For extended Southeast Asia or Europe travel, TravelLog's broader currency coverage is the safer bet.

For USD and JPY, intense competition in the tourist zone makes them genuinely competitive with 90% bank preferential rates, sometimes slightly better. However: (1) limited hours, (2) counterfeit bill and miscounting risk, and (3) EUR/GBP are often more expensive than banks. Stick to travel cards except for urgent USD cash.

Strongly discouraged unless you need cash that very moment before departure. Spread is ~4% for USD — 2–3× a bank's rate. Exchanging 1,000,000 KRW costs ~30,000–40,000 KRW more than Myeongdong. TravelLog and WON+ can be topped up instantly via mobile; use the airport only as a last resort.

VISA/Mastercard effective fee is ~1%, more than a travel card (0%). But if you earn 1–2% cashback/points/miles, the net exchange rate actually flips. Key rule: always decline DCC ("Would you like to pay in KRW?") — always choose local currency to avoid a 5–8% penalty.

EXK is a dedicated overseas ATM card network run jointly by Shinhan, KB, IBK, and others. Unlike TravelLog, you cannot pay directly at convenience stores or supermarkets — only ATM withdrawals at designated global ATMs are supported. Fee is ~0.3%, much better than an unpreferential bank branch but slightly more than TravelLog (0%). Use it as a backup when TravelLog is unavailable.

Exchanging Korean Won into Thai Baht or Vietnamese Dong in Korea means a 4–6% spread. Two better options: (1) Withdraw directly from a local ATM with TravelLog/WON+ — effectively under 1%. (2) Exchange KRW → USD in Korea, then swap at a local exchange booth in the tourist area — local spreads are ~2%, so this two-step route often wins.

Travel cards have daily top-up limits (typically ~US$5,000), so large amounts are more practical via a bank branch with 90%+ preferential rate. The fee difference is tens of thousands of KRW — not huge — and the main branch may offer extra coupons for large volumes.

No. For operational convenience, a mid-market rate snapshot from 2026-04-19 is built in; actual rates at the time of exchange will differ. Use the "Check latest rates" button or Naver FX to cross-reference the day's rate. This tool is designed to compare which method is relatively better; absolute received amounts may have ±0.5% variance.

Every time you change the KRW amount or currency, the input is auto-saved to the URL query string. Tap "Copy share URL" and send it via any messaging app — recipients open the same inputs and see the same results instantly. Useful for splitting travel budgets or delegating the exchange task.

Yes — tap the 한국어 button in the top-right to switch. The Korean version includes additional context on local exchange venues and Korean-specific banking nuances.