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phoneboothface
Joined: 26 Apr 2009
Location: Korea
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 Posted: Tue Jun 23, 2009 3:30 am Post subject: Korean won is different from Dollars. |
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Yes, it is true.
Please stop posting about selling your *bleep* for $$. It confuses my dumb ass. |
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lifeinkorea
Joined: 24 Jan 2009
Location: somewhere in China
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| Posted: Tue Jun 23, 2009 5:52 am Post subject: |
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Well, I don't do that, but I don't see what the big deal is. If something is valued at $50, then I sell it for 50,000 won. There is no confusion, and I don't inflate the won because the dollar is stronger due to the fact Korea is intentionally keeping the exchange rate low to make exports more likely.
If you are selling your stuff to people in other countries, then I can see where the confusion lies (you would be morally due the amount from the exchange rate). If you are a seller and you jack up the price to people within the country, then you are milking the system and taking advantage of other teachers. |
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iammac2002
Joined: 12 Jun 2009
Location: 'n Beter plek.
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| Posted: Tue Jun 23, 2009 8:54 am Post subject: |
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| It doesn't just confuse me, I just skip the item completely and don't even consider buying it. Where am I supposed to get dollars from? I'm not even American! |
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ChinaBoy
Joined: 17 Feb 2007
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| Posted: Tue Jun 23, 2009 11:22 am Post subject: |
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| iammac2002 wrote: |
| It doesn't just confuse me, I just skip the item completely and don't even consider buying it. Where am I supposed to get dollars from? I'm not even American! |
Everyone knows you can get dollars ANYWHERE. |
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VanIslander
Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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| Posted: Tue Jun 23, 2009 4:35 pm Post subject: Re: Korean won is different from Dollars. |
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| phoneboothface wrote: |
| my dumb ass. |
american dollars is an international currency, however much it may upset your sensibilities or confuse your, you know, you said it |
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phoneboothface
Joined: 26 Apr 2009
Location: Korea
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| Posted: Tue Jun 23, 2009 5:38 pm Post subject: |
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| lifeinkorea wrote: |
| If something is valued at $50, then I sell it for 50,000 won. |
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iammac2002
Joined: 12 Jun 2009
Location: 'n Beter plek.
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| Posted: Tue Jun 23, 2009 5:50 pm Post subject: |
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OK, so I wouldn't WANT to get $ because I'd be paying 8 or 10 times more for it then. I assume you are in Korea, and where round here do you pay the Koreans in $, except on the army bases?
You're just shooting yourself in the foot by asking $, fewer people will go to the trouble to buy your shit, because they will have to change the currency an extra time. |
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ernie
Joined: 05 Aug 2006
Location: asdfghjk
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| Posted: Tue Jun 23, 2009 5:50 pm Post subject: |
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| if someone asks you to pay $50 and they accept 50 000 KRW, the best thing to do is shut up and accept the 20% discount! |
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iammac2002
Joined: 12 Jun 2009
Location: 'n Beter plek.
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| Posted: Tue Jun 23, 2009 5:55 pm Post subject: |
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| Can I start charging Euros or Pounds? You can get them anywhere, um, right? |
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iammac2002
Joined: 12 Jun 2009
Location: 'n Beter plek.
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| Posted: Tue Jun 23, 2009 6:04 pm Post subject: |
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| Can I start charging Euros or Pounds? You can get them anywhere, um, right? |
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lifeinkorea
Joined: 24 Jan 2009
Location: somewhere in China
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| Posted: Tue Jun 23, 2009 6:10 pm Post subject: |
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| phoneboothface wrote: |
| lifeinkorea wrote: |
| If something is valued at $50, then I sell it for 50,000 won. |
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I explained above my reasoning. Ultimately it comes down to the buyer and what they are willing to pay. All things considered, I wouldn't pay 20% more for something because it is relatively lower than another currency.
If you don't like the idea of losing 10,000 because you sold something you felt was $50 for 50,000, then how on earth do you like the idea of a teacher in Korea earning 2.2 million won and losing 5 million won when they send money back home after a year?
We have bigger fish to fry than 10,000 won from a sale on Dave's  |
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iammac2002
Joined: 12 Jun 2009
Location: 'n Beter plek.
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| Posted: Tue Jun 23, 2009 6:15 pm Post subject: |
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| Yes, but if you sell 10 things and lose 10 000 for every item.... do I need to do the math here? |
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lifeinkorea
Joined: 24 Jan 2009
Location: somewhere in China
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| Posted: Tue Jun 23, 2009 6:31 pm Post subject: |
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| iammac2002 wrote: |
| Yes, but if you sell 10 things and lose 10 000 for every item.... do I need to do the math here? |
I see you rationalizing charging more. Can you see me rationalizing paying less? When you shop, pay less, and if need be shop less often (save up). When you sell, sell for less. You end up even. If you buy for less and then sell higher, you not only have your 100% back, but you have earned a little profit.
If your goal is to just spend what you have and sell everything you bought, then you have different goals than I do. |
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Cheonmunka
Joined: 04 Jun 2004
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| Posted: Thu Jun 25, 2009 3:44 pm Post subject: |
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| Well, if people ask 50 dollars I presume they accept 65k won. I leave the onus for exchanging it onto them. If they don't accept that then there's no sale. Why should I make a special trip to the exchange bank? |
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nobbyken
Joined: 07 Jun 2006
Location: Yongin ^^
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| Posted: Thu Jun 25, 2009 5:05 pm Post subject: |
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| Quote: |
If you don't like the idea of losing 10,000 because you sold something you felt was $50 for 50,000, then how on earth do you like the idea of a teacher in Korea earning 2.2 million won and losing 5 million won when they send money back home after a year?
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Nobody loses money.
Currency exchange is not set in stone, things have changed, that's all.
The only way to avoid this is to earn money in the same currency you need it in.
Things always change. |
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