Foreign Exchange
Korea Exchange Bank is the largest and longest-running exchange bank in South Korea, with 40% of South Korea's foreign exchange market. Its exchange services include currency exchange and wire transfers.
KEB exchanges the following currencies:
- United States dollar | Canada dollar
- Brazil real | Mexico peso
- Australia dollar | New Zealand dollar
- Egypt pound | South Africa rand
- Brunei dollar | Bangladesh taka
- India rupee | Japan yen
- Thailand baht | Pakistan rupee
- Malaysia ringgit | Taiwan new dollar
- Singapore dollar | Indonesia rupiah
- China renminbi | Philippines peso
- Hong Kong dollar | Vietnam dong
- Poland zloty | Iran rial
- Bahrain dinar | Saudi Arabia riyal
- Israel new sheqel | Jordan dinar
- Kuwait dinar | United Arab Emirates dirham
- Norway krone | United Kingdom pound
- Sweden krona | Russia ruble
- Hungary forint | Switzerland franc
- Denmark krone | European Union euro
All KEB branches in South Korea provide foreign exchange services. Some of the more common currencies, such as US Dollar, euro, and Japanese Yen are available at all KEB branches.
Travellers Cheques were first introduced in South Korea by Korea Exchange Bank, through Visa. Today, many Travellers Cheques companies offer travellers cheques through Korea Exchange Bank.
Korea Exchange Bank one of few specialized banks in South Korea that buys and sell foreign currency coinage. Foreign currency coinage exchangeable at KEB are:
- United States dollar
- euro
- Japanese yen
- Canadian dollar
- British pound
- Hong Kong dollar
- Swiss franc
- Australian dollar
Other commercial banks in South Korea that provide foreign exchange services include Kookmin Bank and Shinhan Bank.
Read more about this topic: Korea Exchange Bank
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