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afsjesse
Joined: 23 Sep 2007
Location: Kickin' it in 'Kato town.
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 Posted: Wed May 07, 2008 10:57 pm Post subject: |
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| KEB 1059 to the US Dollar! Earlier this week it was around the 1020 range...... and there still predicting it only to go around the 1000 mark.. if that gives anyone comfort. |
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htrain
Joined: 24 May 2007
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| Posted: Wed May 07, 2008 11:18 pm Post subject: |
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| It's great to watch 5% of what I've worked a year for evaporate before my eyes. I wonder how many classes with screaming kids that 5% is worth. |
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elliemk
Joined: 01 Jul 2007
Location: Sparkling Korea!
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| Posted: Thu May 08, 2008 8:24 am Post subject: |
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5%? When I came in August, the exchange rate was about 930. Now it is 1065 as of today. (U.S. Dollar). 2.2 million won was worth about $2365. Now it is worth about $2060. More like 13%.
Someone mentioned about other currencies. But the Yen is more now (exchange rate) than it was two weeks ago. So, what would be a better currency to put the money into? Any ideas are appreciated. |
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Pyongshin Sangja
Joined: 20 Apr 2003
Location: I love baby!
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| Posted: Thu May 08, 2008 8:35 am Post subject: |
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| That's nice. Get real jobs. |
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michi gnome
Joined: 15 Feb 2006
Location: Dokdo
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| Posted: Thu May 08, 2008 9:07 am Post subject: |
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this news has been getting me down
will definitely call the head teacher in to give some of my whining brats a
good thrashing tomorrow |
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Pyongshin Sangja
Joined: 20 Apr 2003
Location: I love baby!
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| Posted: Thu May 08, 2008 9:08 am Post subject: |
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| Thrash em hard! |
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Return Jones
Joined: 06 Feb 2004
Location: I will see you in far-off places
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| Posted: Mon May 19, 2008 8:29 pm Post subject: |
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May 20:
KEB rate: 1064.31 won to buy $1CDN
Yeah..... 
EDIT: That's the wire rate which would apply to most of us. Cash rate is even worse. |
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marlow
Joined: 06 Feb 2005
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| Posted: Mon May 19, 2008 9:44 pm Post subject: |
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| The Economist predicts it will be about 750ish by 2012. |
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spliff
Joined: 19 Jan 2004
Location: Khon Kaen, Thailand
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| Posted: Mon May 19, 2008 9:51 pm Post subject: |
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| I can wait that long. |
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marlow
Joined: 06 Feb 2005
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| Posted: Mon May 19, 2008 9:58 pm Post subject: |
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| spliff wrote: |
| I can wait that long. |
Me too.
I hope it's right. They have the American pegged at 840, and it costing 1.15 Canadian to buy one American dollar by that time.
They don't have an exact C$ to KRW figure.
They expect inflation to ease here because commodities will cool off this year, and they seem to think 2MB will be good for business. |
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Gideon
Joined: 24 Feb 2004
Location: Seoul
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| Posted: Mon May 19, 2008 9:58 pm Post subject: |
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| marlow wrote: |
| The Economist predicts it will be about 750ish by 2012. |
I sure hope so. Thats about around the same time I'll be cashing in my chips and heading back home for good. If I stay with the plan!
The won is horrible right now.. i just check the XE website.
2,000,000.00 KRW = 1,898.591 CAD
South Korea Won Canada Dollars
1 KRW = 0.000949295 CAD 1 CAD = 1,053.41 KRW
These may not be exact rates.. but you get the point! |
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Eedoryeong
Joined: 10 Dec 2007
Location: Jeju
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| Posted: Mon May 19, 2008 11:56 pm Post subject: |
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So the point for long-termers eyeing a possible return west is...
sit on the Won nest egg, and ride out the wait. Right? |
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JamesFord
Joined: 14 Jun 2007
Location: my personal playground
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| Posted: Tue May 20, 2008 4:50 am Post subject: |
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I'm ruined.  |
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marlow
Joined: 06 Feb 2005
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| Posted: Tue May 20, 2008 4:29 pm Post subject: |
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| Eedoryeong wrote: |
So the point for long-termers eyeing a possible return west is...
sit on the Won nest egg, and ride out the wait. Right? |
I guess so. But although the Economist is respected, if they were perfect they would just close up and their staff would become investor billionaires.
It's all up in the air, but long-termers can have some hope. |
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Adventurer
Joined: 28 Jan 2006
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| Posted: Wed May 21, 2008 9:29 pm Post subject: |
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| I am going to send to the US more money next month than I did this month. I believe the won will go down further. Korea wants to export more stuff to the US and the dollar went down quite low for the taste of the Koreans. It would make it easier for Korea to export. |
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