Korean Job Discussion Forums

[shawner88]

Anyone see the latest exchange rates? It got as high as 980 to the dollar before retreating back around 1006. I just sent home 2,000,000 to take advantage of the rates but should have waited a bit more.

[kprrok]

The �� is going to keep rising against the dollar to what most people predict a max of about 920-950 by summer. I'm going home in April/May for a month, so I'm hoping that I'll be able to cash in a bit!

I came over at 1200 per dollar, now under 1000! Gotta love that!

KPRROK

[hogwonguy1979]

I love it, first time I wired back money in 2002 it was 1334/dollar. Going tomorrow to the bank, it will be nice.

Man those long timers must really be loving it

[kangnamdragon]

those long timers remember 750 won to the dollar....

[jajdude]

Not as good for CDNs.

[Pyongshin Sangja]

Oh, for God's sake, somebody blow some coin or something! What is this , Dialing for Dollars?

[hogwonguy1979]

wire back rate is 1016 today. YES!!!!!!

[Real Reality]

Exchange Rates (History)
2,000,000 won at 1000 KRW to US$1 (Almost today's rate; February 2005)
........ $US2000........
2,000,000 won at 686 KRW to US$1 (note: 686 KRW to US$1 in January 1990)
........ $US2915........
2,000,000 won at 795 KRW to US$1 (note: 795 KRW to US$1 in January 1993)
........ $US2515........
2,000,000 won at 793 KRW to US$1 (note: 793 KRW to US$1 in January 1995)
........ $US2522........
2,000,000 won at 787 KRW to US$1 (note: 787 KRW to US$1 in January 1996)
........ $US2541........
2,000,000 won at 1707 KRW to US$1 (note: 1707 KRW to US$1 in January 1998)
........ $US1172........
2,000,000 won at 1130 KRW to US$1 (note: 1130 KRW to US$1 in January 2000)
........ $US1770........
2,000,000 won at 1176 KRW to US$1 (note: 1176 KRW to US$1 in January 2003)
........ $US1701........
2,000,000 won at 1183 KRW to US$1 (note: 1183 KRW to US$1 in January 2004)
........ $US1691........
http://www.x-rates.com/cgi-bin/hlookup.cgi

Exchange rate Korean won to U.S. dollar in 1996 and 1995.

1996 - South Korean Won to 1 USD
January: 787 KRW
February: 780 KRW
March: 781 KRW
April: 780 KRW
May: 781 KRW
June: 798 KRW
July: 813 KRW
August: 818 KRW
September: 822 KRW
October: 828 KRW
November: 831 KRW
December: 842 KRW
http://www.x-rates.com/d/KRW/USD/hist1996.html

1995 - South Korean Won to 1 USD
January: 793 KRW
February: 793 KRW
March: 782 KRW
April: 771 KRW
http://www.x-rates.com/d/KRW/USD/hist1995.html

[Real Reality]

2005 - Japanese Yen to 1 USD
January: 103 JPY

2003 - Japanese Yen to 1 USD
January: 119 JPY
2000 - Japanese Yen to 1 USD
January: 105 JPY
1998 - Japanese Yen to 1 USD
January: 130 JPY
1996 - Japanese Yen to 1 USD
January: 106 JPY
1995 - Japanese Yen to 1 USD
January: 100 JPY
1993 - Japanese Yen to 1 USD
January: 125 JPY
1990 - Japanese Yen to 1 USD
January: 145 JPY
Historic Exchange Rates
http://www.x-rates.com/cgi-bin/hlookup.cgi

[mindmetoo]

Now you know why Canadian expats strut around so much! It's good to have a tanking currency!

[Intrepid]

Yup, it was something else to be in Korea in the early-mid 90s.
20 pyung apartments shared by 2 teachers. 1.2 salary, with 100K for bills and 3k spending left for over a thousand USD savings per month, for the frugal.

[Real Reality]

Get Ready for the Greenback Going Into Triple Digits
Sooner or later, the dollar will plummet into three digits. Both the government and the private sector had better be prepared for the dreaded W900 mark. After all, the best way of coping with a stronger won is to improve competitiveness through managerial rationalization and technological development.
http://english.chosun.com/w21data/html/news/200502/200502230045.html

Korean Won to USD
1992 - 2,000,000 won at 767 KRW to US$1 (January 1992)........ $US2608........
1993 - 2,000,000 won at 795 KRW to US$1 (January 1993)........ $US2515........
1994- 2,000,000 won at 813 KRW to US$1 (January 1994)........ $US2460........
1995 - 2,000,000 won at 793 KRW to US$1 (January 1995)........ $US2522........
1996 - 2,000,000 won at 787 KRW to US$1 (January 1996)........ $US2541........
1997 - 2,000,000 won at 854 KRW to US$1 (January 1997)........ $US2341........
2005 - 2,000,000 won at 1000 KRW to US$1 (Almost today's rate; February 2005) ........ $US2000........

Japanese Yen to USD
1992 - Japanese Yen to 1 USD January: 125 JPY, February: 128 JPY
1993 - Japanese Yen to 1 USD January: 125 JPY, February: 121 JPY
1994 - Japanese Yen to 1 USD January: 111 JPY, February: 106 JPY
1995 - Japanese Yen to 1 USD January: 100 JPY, February: 98 JPY
1996 - Japanese Yen to 1 USD January: 106 JPY, February: 106 JPY
1997 - Japanese Yen to 1 USD January: 117 JPY, February: 123 JPY
2005 - Japanese Yen to 1 USD January: 103 JPY, February: 105 JPY
http://www.x-rates.com/cgi-bin/hlookup.cgi

Intrepidwrote,
"Yup, it was something else to be in Korea in the early-mid 90s.
20 pyung apartments shared by 2 teachers. 1.2 salary, with 100K for bills and 3k spending left for over a thousand USD savings per month, for the frugal."

Intrepid,
Just like Korean teachers, right? The salaries and living conditions have stayed the same for Korean teachers, right?

[itaewonguy]

[little mixed girl]

maybe happy for ya'll but sucks for me if i go over there. <_<