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DCJames
Joined: 27 Jul 2006
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 Posted: Thu Oct 16, 2008 11:11 pm Post subject: The Won is Worth Less Than Toilet Paper Right Now |
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Right when I'm about to finish my contract and leave and need to convert won into dollars the won loses 35% of it's worth.
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Bread
Joined: 09 Oct 2008
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| Posted: Thu Oct 16, 2008 11:13 pm Post subject: |
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| So what's the exchange rate of toilet paper rolls to won? |
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Jandar
Joined: 11 Jun 2008
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| Posted: Thu Oct 16, 2008 11:16 pm Post subject: |
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| 1000w can still buy you $0.73US. |
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DCJames
Joined: 27 Jul 2006
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| Posted: Thu Oct 16, 2008 11:27 pm Post subject: |
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| Jandar wrote: |
| 1000w can still buy you $0.73US. |
I remember when 1000 won could buy $1.38 three or four years ago.  |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Thu Oct 16, 2008 11:28 pm Post subject: |
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| DCJames wrote: |
| Jandar wrote: |
| 1000w can still buy you $0.73US. |
I remember when 1000 won could buy $1.38 three or four years ago. |
US Dollars? Lowest I ever remember was around 900 to 950? Where do you get that number? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Oct 16, 2008 11:30 pm Post subject: |
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It's better today than it was yesterday.
remittance:
buy dollars - sell won: 1,297.40 won per dollar
sell dollars - get won: 1,272.60 won per dollar
Cash exchange:
buy dollars - sell won: 1,307.48 won per dollar
sell dollars - buy won: 1,262.52 won per dollar
Rates are from the exchange board at Woori Bank and are what you actually get (not interbank rates).
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Thu Oct 16, 2008 11:31 pm Post subject: |
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I've been getting a better rate by removing money from ATM and paying 3% on the take-out.
Wooribank robs you blind.
I've been getting the previous day's close rate until midnight the following day, or something to that effect.
Different cards and different banks follow different policies on their rates. |
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Yesterday
Joined: 15 Aug 2003
Location: Land of the Morning DongChim (Kancho)
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| Posted: Fri Oct 17, 2008 2:16 am Post subject: |
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I still don't know why you guys keep opening new posts and writing trash..
toilet paper is worth more than won?????
I haven't been getting much for my won for the last several years...
FINALLY - the last few weeks - when I send won home to my homecountry I have been getting MORE money (AUD$$$)
so I really don't understand all you guys complaining - I love it... |
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Zutronius
Joined: 16 Apr 2007
Location: Suncheon
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| Posted: Fri Oct 17, 2008 3:00 am Post subject: |
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| The won is doing alright against the Loonie. Time to wire money home Monday! |
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esetters21
Joined: 30 Apr 2006
Location: Seoul
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| Posted: Fri Oct 17, 2008 3:06 am Post subject: |
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| Yesterday wrote: |
I still don't know why you guys keep opening new posts and writing trash..
toilet paper is worth more than won?????
I haven't been getting much for my won for the last several years...
FINALLY - the last few weeks - when I send won home to my homecountry I have been getting MORE money (AUD$$$)
so I really don't understand all you guys complaining - I love it... |
Ummm...maybe because most people here aren't converting their krw to aud. Just a thought. |
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okokok
Joined: 27 Aug 2006
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| Posted: Fri Oct 17, 2008 3:09 am Post subject: |
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| Zutronius wrote: |
| The won is doing alright against the Loonie. Time to wire money home Monday! |
This is not alright. |
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Yesterday
Joined: 15 Aug 2003
Location: Land of the Morning DongChim (Kancho)
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| Posted: Fri Oct 17, 2008 3:11 am Post subject: |
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| esetters21 wrote: |
| Yesterday wrote: |
I still don't know why you guys keep opening new posts and writing trash..
toilet paper is worth more than won?????
I haven't been getting much for my won for the last several years...
FINALLY - the last few weeks - when I send won home to my homecountry I have been getting MORE money (AUD$$$)
so I really don't understand all you guys complaining - I love it... |
Ummm...maybe because most people here aren't converting their krw to aud. Just a thought. |
EXACTLY my point - NOT all foreigners on this board are Americans...
so why do we need 10 new posts each day - on how much you guys are losing.... |
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sojourner1
Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug
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| Posted: Fri Oct 17, 2008 5:05 pm Post subject: |
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| DCJames wrote: |
| Jandar wrote: |
| 1000w can still buy you $0.73US. |
I remember when 1000 won could buy $1.38 three or four years ago. |
I remember when 1000 won could buy $1.05 a couple months ago. Losing 35% value in 2 months is just plain bad business. |
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jadarite
Joined: 01 Sep 2007
Location: Andong, Yeongyang, Seoul, now Pyeongtaek
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| Posted: Fri Oct 17, 2008 6:03 pm Post subject: |
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| Then don't convert the money now. It's not that hard of a concept. |
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danby_ll
Joined: 06 Dec 2006
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| Posted: Fri Oct 17, 2008 6:30 pm Post subject: |
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| Zutronius wrote: |
| The won is doing alright against the Loonie. Time to wire money home Monday! |
Yesterday 1,000 won was 0.98 CAD. Today it fell to 0.88.
What the f*ck!! |
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