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dereklee003
Joined: 03 Jan 2009
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 Posted: Wed Feb 25, 2009 9:18 am Post subject: Exchange rate sucks...but it may be good for me... |
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I am heading to Busan to start teaching next week, and previously i was going to bring $1000 to live with for the first month until i get paid...but with the exchange rate right now, I am considering brings only $500, cuz that is still 750,000 won which should be plenty i think...
Then I will have my bank card from back home with the other 500 left for emergency...good idea right? |
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berrieh
Joined: 10 Feb 2009
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| Posted: Wed Feb 25, 2009 9:57 am Post subject: Re: Exchange rate sucks...but it may be good for me... |
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| dereklee003 wrote: |
I am heading to Busan to start teaching next week, and previously i was going to bring $1000 to live with for the first month until i get paid...but with the exchange rate right now, I am considering brings only $500, cuz that is still 750,000 won which should be plenty i think...
Then I will have my bank card from back home with the other 500 left for emergency...good idea right? |
I was told by multiple people that anywhere from $300-500 is fine for on-hand. That's what I'm planning on bringing unless the exchange rates drastically change.
For emergencies, you'll probably want to have-or be able to charge-the amount that a plane ticket home costs (or have family members that can/will help). I've yet to arrive either, but I think being able to "get out" if need be is just common sense in any situation. |
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xCustomx
Joined: 06 Jan 2006
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| Posted: Wed Feb 25, 2009 2:46 pm Post subject: |
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| If you're working at a hagwon, you probably won't be paid until April 10th, or maybe later, so it might be better to bring a little extra cash, just for startup costs. Still, you have your card from back home, so you should be fine. |
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cruisemonkey
Joined: 04 Jul 2005
Location: Hopefully, the same place as my luggage.
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| Posted: Wed Feb 25, 2009 3:30 pm Post subject: |
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You should bring $10,000 and start your K-bank account with W15,000,000... then, in six months when the exchange rate goes back to 'normal' (roughly W1000 to USD 1), you will have made W5,000,000.
Of course, if I'm wrong and the exchange rate goes to 2000/1, you have permission to slap me.  |
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quilter
Joined: 11 Feb 2006
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| Posted: Wed Feb 25, 2009 3:41 pm Post subject: |
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| I tend to agree with Cruismonkey. If you have the money, and you are going to be here for a year or so, now is the time to bring it. You could make a small profit when the exchange rate swings the other way. |
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poet13
Joined: 22 Jan 2006
Location: Just over there....throwing lemons.
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| Posted: Wed Feb 25, 2009 4:42 pm Post subject: |
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| quilter and cruisemonkey...finally some sense around here. Come one over to "The Won is plummeting today" and talk some sense there too...lol |
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