Korean Job Discussion Forums

[madhusudan]

This may be something more for longer term expats. I've been out of my country about 6 years.

Being pretty mobile, I've recently been thinking about how to mangage currency. With the Won down, I've gotten the idea of having a few million (Won) in different currencies. And then either trading them as the winds blow or using them when I want to travel.

Of course right now isn't a good time, but as a long term idea. Just wondering because before now I've kept all my money in Won until I've wanted to travel. Before I'd never really had money to play with, but now that I do I'm starting think about it

So I'm curious, do you keep significant amounts in other (relatively) stable currencies? I'm starting to think it would be good to have a variety when the buying's good, just to be ahead of the exchange when I may want to travel or change countries.

Not really as a money trader, but I'd also do that as the situation warrented. It seems smart to me, but I'd like to hear from those with more experience.