Korean Job Discussion Forums

[lhasa]

Will leave Korea indefinitely when my current contract is finished and will convert savings.

Have come to the conclusion that wiring US dollars to a bank back home would work out to approx the same rate as taking travellers cheques.

But is converting to US dollars the best idea? Believe many forecast the dollar to sink lower. Better to exchange won for Yen, Euro, CDN$??

Next question: Thai baht. Will likely move to Thailand to travel then work and not sure what is best. Transfer directly from Korea (won to baht) to Thai bank??....or convert won to US dollar then to baht once i get there (understand that the international forex rate is different than domestic)??

Thanks for anything

[jhuntingtonus]

One advantage of US dollars is they are accepted about everywhere. True, they will probably go down, but that's a long-term problem, not a short-term one. But most important is to change the won into SOMETHING before leaving, as exchange rates for them outside Korea stink.