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Big Mac
Joined: 17 Sep 2005
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 Posted: Wed Dec 31, 2008 10:33 pm Post subject: Won is on the rebound for Canadians |
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I've been watching the value of the Won against the Canadian Dollar pretty closely these days. It appears that the Won is on the way back up for Canadians. It doesn't look as good for Americans though!
The rebound probably has something to do with the weakening strength of the Canadian Dollar against the American Dollar. It still isn't as good as what it was in May 2005 though, when 2 million won was worth just over $2500 Canadian. Let's hope the rise continues.
Here's what two million won has been worth in Canadian Dollars over the past few months:
November 23, 2008:
2,000,000.00 KRW = 1,693.646 CAD
November 24, 2008:
2,000,000.00 KRW = 1,671.090 CAD
November 30, 2008:
2,000,000.00 KRW = 1,681.273 CAD
December 2, 2008:
2,000,000.00 KRW = 1,723.914 CAD
December 8, 2008:
2,000,000.00 KRW = 1,725.003 CAD
December 12, 2008:
2,000,000.00 KRW = 1,819.447 CAD
December 18, 2008:
2,000,000.00 KRW = 1,839.560 CAD
December 22, 2008:
2,000,000.00 KRW = 1,850.688 CAD
December 28, 2008:
2,000,000.00 KRW = 1,836.928 CAD
December 29, 2008:
2,000,000.00 KRW = 1,927.255 CAD
December 31, 2008:
2,000,000.00 KRW = 1,925.795 CAD |
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cruisemonkey
Joined: 04 Jul 2005
Location: Hopefully, the same place as my luggage.
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| Posted: Wed Dec 31, 2008 10:49 pm Post subject: |
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Yup,... pretty soon I'll be able to exchange my monopoly money for monopoly money at par.  |
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Kimchieluver
Joined: 02 Mar 2005
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| Posted: Wed Dec 31, 2008 11:03 pm Post subject: |
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| cruisemonkey wrote: |
| Yup,... pretty soon I'll be able to exchange my monopoly money for monopoly money at par. |
That's an old boy saying. We used it in the oil industry. I now have you pegged at least 50 years old or you were in middle management or higher in the oil industry.No? |
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cruisemonkey
Joined: 04 Jul 2005
Location: Hopefully, the same place as my luggage.
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| Posted: Wed Dec 31, 2008 11:17 pm Post subject: |
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| Kimchieluver wrote: |
| cruisemonkey wrote: |
| Yup,... pretty soon I'll be able to exchange my monopoly money for monopoly money at par. |
That's an old boy saying. We used it in the oil industry. I now have you pegged at least 50 years old or you were in middle management or higher in the oil industry.No? |
You have nailed the 'age thing' down. However, I was never in the oil industry. |
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KoreanAmbition
Joined: 03 Feb 2008
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| Posted: Thu Jan 01, 2009 1:54 am Post subject: |
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OP,
No offense, but I think you need to check your numbers.
If your latest exchange rates are correct, would you mind please telling me what magical bank is offering these rates?
The latest exchange rate for KEB is 1090 won to 1 CAD based on remittance sending rates.
I sent earlier this week at 1067 won to 1 CAD.
The rate you are indirectly quoting is about 1035, which I'm afraid I haven't seen yet.
Cheers |
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cruisemonkey
Joined: 04 Jul 2005
Location: Hopefully, the same place as my luggage.
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| Posted: Thu Jan 01, 2009 1:59 am Post subject: |
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| Close only counts in horseshoes, hand grenades and the occasional atomic device. |
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Big Mac
Joined: 17 Sep 2005
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| Posted: Thu Jan 01, 2009 2:45 am Post subject: |
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You're right, that's the market rate. I should have specified that.
I got those rates from XE.com, which always posts the market rate. Banks never give you the market rate, because they need to make money.
The banks usually adjust their rates based on the market rates though...so if the rates get better on XE.com then they're also better at the banks. |
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