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hagwonnewbie
Joined: 09 Feb 2007
Location: Asia
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chellovek
Joined: 29 Feb 2008
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 Posted: Mon Apr 12, 2010 10:00 pm Post subject: |
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| Hmm yes. It seems the Korean Central Bank places more importance on the earnings of Korean exporters than on the value of the remittances of usually quite transient English teachers. |
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crisdean
Joined: 04 Feb 2010
Location: Seoul Special City
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| Posted: Mon Apr 12, 2010 10:21 pm Post subject: |
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what are you talking about? the Won has done nothing but improve against the Euro and the Yen as of late, just because it's not improve against the dollar (US or CDN) doesn't mean it's weak, it just means 'the Annointed One' is fixing the US economy  |
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Adam Carolla
Joined: 26 Feb 2010
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| Posted: Mon Apr 12, 2010 10:25 pm Post subject: |
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| crisdean wrote: |
| what are you talking about? the Won has done nothing but improve against the Euro and the Yen as of late, just because it's not improve against the dollar (US or CDN) doesn't mean it's weak, it just means 'the Annointed One' is fixing the US economy |
Em...it's pretty clear the U.S. isn't manipulating the dollar as much as the Korean government is manipulating the won. But the main point is simply this, the won should be stronger than it is right now. As happy as I am with an exchange rate of 1120, without government intervention it would be even better. |
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