Site Search:
 
TEFL International Supports Dave's ESL Cafe
TEFL Courses, TESOL Course, English Teaching Jobs - TEFL International
Korean Job Discussion Forums Forum Index Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

for what it's worth

 
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> General Discussion Forum
View previous topic :: View next topic  
Author Message
wooden nickels



Joined: 23 May 2010

PostPosted: Sun Aug 23, 2015 11:19 pm    Post subject: for what it's worth Reply with quote

-

WON 1197 to USD 1

-
Back to top
View user's profile Send private message
candy bar



Joined: 03 Dec 2012

PostPosted: Mon Aug 24, 2015 3:11 am    Post subject: Re: for what it's worth Reply with quote

wooden nickels wrote:
-

WON 1197 to USD 1

-




1199
Back to top
View user's profile Send private message
Fallacy



Joined: 29 Jun 2015
Location: ROK

PostPosted: Mon Aug 24, 2015 3:31 am    Post subject: Reply with quote

The price of WTI crude has a 3 handle now, so I suspect that plus a whole host of other global deflationary economic factors will entice the won to 13 soon enough.
Back to top
View user's profile Send private message
candy bar



Joined: 03 Dec 2012

PostPosted: Mon Aug 24, 2015 4:13 am    Post subject: Reply with quote

Fallacy wrote:
The price of WTI crude has a 3 handle now, so I suspect that plus a whole host of other global deflationary economic factors will entice the won to 13 soon enough.


How does the price of crude impact the won?
Back to top
View user's profile Send private message
World Traveler



Joined: 29 May 2009

PostPosted: Mon Aug 24, 2015 4:20 am    Post subject: Reply with quote

1209

http://www.xe.com/currencycharts/?from=KRW&to=USD&view=1Y

1,000 won is 82 cents.
Back to top
View user's profile Send private message
Fallacy



Joined: 29 Jun 2015
Location: ROK

PostPosted: Mon Aug 24, 2015 2:45 pm    Post subject: Reply with quote

candy bar wrote:
How does the price of crude impact the won?
Inverse relationship. Crude is priced in USD, and OPEC nations, from whence the ROK sources curde supply, peg their currencies to USD, so you get the idea. More worrying is the ROKs outsize dependence upon business with China, which represents roughly 40% of the total annual trade. As inflows of CNY to the ROK drop, then KRW will have to rise to attract inflows of FDI denominated in other currencies in order to offset. Right now, flight to safety for investments in EUR, GBP, JPY and USD is just too good, especially given the recent market correction price discounts on offer, so in a game of musical chairs, KRW faces competition for a seat.
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> General Discussion Forum All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


This page is maintained by the one and only Dave Sperling.
Contact Dave's ESL Cafe
Copyright © 2013 Dave Sperling. All Rights Reserved.

Powered by phpBB © 2001, 2002 phpBB Group

TEFL International Supports Dave's ESL Cafe
TEFL Courses, TESOL Course, English Teaching Jobs - TEFL International