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wooden nickels
Joined: 23 May 2010
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 Posted: Sun Aug 23, 2015 11:19 pm Post subject: for what it's worth |
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WON 1197 to USD 1
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candy bar
Joined: 03 Dec 2012
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| Posted: Mon Aug 24, 2015 3:11 am Post subject: Re: for what it's worth |
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| wooden nickels wrote: |
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WON 1197 to USD 1
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1199 |
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Fallacy
Joined: 29 Jun 2015
Location: ex-ROK
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| Posted: Mon Aug 24, 2015 3:31 am Post subject: |
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| The price of WTI crude has a 3 handle now, so I suspect that plus a whole host of other global deflationary economic factors will entice the won to 13 soon enough. |
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candy bar
Joined: 03 Dec 2012
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| Posted: Mon Aug 24, 2015 4:13 am Post subject: |
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| Fallacy wrote: |
| The price of WTI crude has a 3 handle now, so I suspect that plus a whole host of other global deflationary economic factors will entice the won to 13 soon enough. |
How does the price of crude impact the won? |
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World Traveler
Joined: 29 May 2009
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Fallacy
Joined: 29 Jun 2015
Location: ex-ROK
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| Posted: Mon Aug 24, 2015 2:45 pm Post subject: |
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| candy bar wrote: |
| How does the price of crude impact the won? |
Inverse relationship. Crude is priced in USD, and OPEC nations, from whence the ROK sources crude supply, peg their currencies to USD, so you get the idea. More worrying is the ROKs outsize dependence upon business with China, which represents roughly 40% of the total annual trade. As inflows of CNY to the ROK drop, then KRW will have to rise to attract inflows of FDI denominated in other currencies in order to offset. Right now, flight to safety for investments in EUR, GBP, JPY and USD is just too good, especially given the recent market correction price discounts on offer, so in a game of musical chairs, KRW faces competition for a seat.
Last edited by Fallacy on Fri Sep 18, 2015 10:41 pm; edited 1 time in total |
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chellovek
Joined: 29 Feb 2008
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| Posted: Sat Sep 05, 2015 11:01 am Post subject: |
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World Traveler
Joined: 29 May 2009
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| Posted: Sat Sep 05, 2015 6:58 pm Post subject: |
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| The unemployment rate is now lower than it was at any time during Ronald Reagan's presidency. |
The U.S. economy is doing well. Is that why the dollar is worth more? At any rate, a strong dollar equates to a suckier exchange rate for those earning money overseas (then switching that money to dollars) it seems. |
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wooden nickels
Joined: 23 May 2010
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| Posted: Sun Sep 06, 2015 10:48 pm Post subject: Re: for what it's worth |
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| wooden nickels wrote: |
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WON 1197 to USD 1
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WON 1204 to USD 1
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hellofaniceguy
Joined: 10 Jan 2003
Location: On your computer screen!
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| Posted: Mon Sep 07, 2015 10:52 pm Post subject: |
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No big deal....the rate always fluctuates...and has done so for decades.
So you ride it while it's in your favor. |
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lithium
Joined: 18 Jun 2008
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| Posted: Tue Sep 15, 2015 8:48 am Post subject: |
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| World Traveler wrote: |
| Quote: |
| The unemployment rate is now lower than it was at any time during Ronald Reagan's presidency. |
The U.S. economy is doing well. Is that why the dollar is worth more? At any rate, a strong dollar equates to a suckier exchange rate for those earning money overseas (then switching that money to dollars) it seems. |
92,000,000+ not working is why the unemployment numbers are low. Even the socialist Sanders knows this. |
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World Traveler
Joined: 29 May 2009
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| Posted: Tue Sep 15, 2015 2:07 pm Post subject: |
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You keep posting the same tired stat as if it's it something profound. It's not.
Some people are housewives (kept women). Some retired with generous benefits packages (often in their 50s).
America's labor force participation rate is comparable to other developed countries:
http://data.worldbank.org/indicator/SL.TLF.CACT.ZS
Australia: 66%
Canada: 66%
France: 56%
Germany: 60%
Ireland: 61%
Japan: 59%
New Zealand: 68%
South Africa: 52%
South Korea: 61%
United States: 63%
United Kingdom: 62% |
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jackson7
Joined: 01 Aug 2006
Location: Kim Jong Il's Future Fireball
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| Posted: Tue Sep 15, 2015 3:38 pm Post subject: |
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| Double click double post. |
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jackson7
Joined: 01 Aug 2006
Location: Kim Jong Il's Future Fireball
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| Posted: Tue Sep 15, 2015 3:38 pm Post subject: |
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1178 KRW to 1 USD
Anyone who's been here for a period of time knows that the exchange rate is volatile, and whether it's the government propping up the chaebols, or the market moving with the ebbs and flows of foreign investing, it moves. A lot. Take a peek at the 5- and 10-year rates and you'll see this isn't awful, and if you feel it is, hang on to your cash and put them in the 7.5% CDs that can be found across the country (for F-visa holders).
If you're not on an F-visa and you're hurting when you send money home (and you have to, for loans or other reasons), you're likely young enough to get more education (grad or trade school) and start a new career (neither hagwons nor Korean public school gigs are likely to allow you the growing room to be careers).
J7 |
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sligo
Joined: 15 Oct 2008
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| Posted: Tue Sep 15, 2015 6:55 pm Post subject: |
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| jackson7 wrote: |
1178 KRW to 1 USD
Anyone who's been here for a period of time knows that the exchange rate is volatile, and whether it's the government propping up the chaebols, or the market moving with the ebbs and flows of foreign investing, it moves. A lot. Take a peek at the 5- and 10-year rates and you'll see this isn't awful, and if you feel it is, hang on to your cash and put them in the 7.5% CDs that can be found across the country (for F-visa holders).
If you're not on an F-visa and you're hurting when you send money home (and you have to, for loans or other reasons), you're likely young enough to get more education (grad or trade school) and start a new career (neither hagwons nor Korean public school gigs are likely to allow you the growing room to be careers).
J7 |
Do you have information about these high interest accounts for F visa holders? I tried to find some info, but most are only for Foreign women married to Korean men. |
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