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D.D.
Joined: 29 May 2008
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 Posted: Tue Dec 16, 2008 10:29 pm Post subject: Go Won Go |
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I am taking my 2milllion won and converting it to U.S. dollars.
Two weeks ago it was worth 1350 and today 1525. Not bad with a week to go 1700 would be a nice Chritmas present. Common Won. |
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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: Tue Dec 16, 2008 10:57 pm Post subject: |
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| You have got to be joking. LMAO! |
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sojusucks
Joined: 31 May 2008
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| Posted: Tue Dec 16, 2008 11:58 pm Post subject: |
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The Won is starting to regain strength, at least in the exchange rate.
Koreans still have to pay a lot more for things (as do foreigners who live here and shop online at places outside of Korea). The exchange rate seems to be a political thing as the buying power is not even close. |
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Tobias
Joined: 02 Jun 2008
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| Posted: Wed Dec 17, 2008 6:23 am Post subject: Wait it out |
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| D.D. wrote: |
I am taking my 2milllion won and converting it to U.S. dollars.
Two weeks ago it was worth 1350 and today 1525. Not bad with a week to go 1700 would be a nice Chritmas present. Common Won. |
Why not wait until the won gets to 2200? Or even 2500? That would be a great deal. Getting half the amount today in dollars that I got last month or even last week. Brilliant move. |
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Seon-bee
Joined: 24 Jan 2003
Location: ROK
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| Posted: Wed Dec 17, 2008 8:55 am Post subject: |
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| Why not wait until the won gets to 2200? Or even 2500? That would be a great deal. Getting half the amount today in dollars that I got last month or even last week. Brilliant move. |
DD's mention of 1350, 1525, and a hopeful 1700 are USD figures, not won. Maybe it would have been easier to understand if he had added $. Anyway, I'm sure the recently improved exchange rate has forced a few other smiles as well. |
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D.D.
Joined: 29 May 2008
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| Posted: Wed Dec 17, 2008 1:02 pm Post subject: |
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| yes I was cheering the rise of the won in u.s dollar amounts. if it hits $1700 to 2 million won i will be happy. |
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sojusucks
Joined: 31 May 2008
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| Posted: Fri Dec 19, 2008 1:52 am Post subject: |
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| Wow, the Won is really rebounding! |
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Tobias
Joined: 02 Jun 2008
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| Posted: Fri Dec 19, 2008 6:51 am Post subject: Yeah |
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| sojusucks wrote: |
| Wow, the Won is really rebounding! |
What a pleasant surprise. This won't last long, so if you guys need to be dumping your won, the coming week or two is probably the time.
I may be able to make enough on this upswing to cover my completion bonus in one fell swoop. If so, it's bye-bye cold Korea and hello, Krabi beach. Time to get some boxes together and start packing up. |
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relaxed111
Joined: 26 Feb 2006
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| Posted: Fri Dec 19, 2008 7:54 am Post subject: |
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I believe it was about 2 days ago that bloombergs was advising taking a long in investing in won. Of course this is for the big boys, but it does point to a longer term growth in the won.
I was really surprised today as I was looking at tickets for Kenya and quickly the price dropped from 2,983,000 won down to 2,343,000 in January. I booked the flight of course. But, will pay on Monday at their office.
I want to see what is going on about the won in the next few months as this time last year about 1000 won = $1 US would be so nice if that again. |
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hari seldon
Joined: 05 Dec 2004
Location: Incheon
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| Posted: Wed Dec 24, 2008 6:59 pm Post subject: |
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How many won required to buy a U.S. dollar?
Monthly Averages:
October
1326.6 KRW
November
1399.01 KRW
December
1381.91 KRW (18 days) |
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