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brento1138
Joined: 17 Nov 2004
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 Posted: Tue May 31, 2005 4:34 pm Post subject: "Won"derful |
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When I first had the slightest thought about coming to Korea in November, I would have only been making $2,065.69 CAN. But as of today's exchange rate, 1.9 million WON turns into $2,365.45. That's 300 bucks more!
Seems the Won is doing very well.  |
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Real Reality
Joined: 10 Jan 2003
Location: Seoul
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| Posted: Tue May 31, 2005 5:02 pm Post subject: |
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Historical Comparison of Korean Won and Japanese Yen
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) ........ $US2000........
Japanese Yen to USD
1992 - Japanese Yen to 1 USD January: 125 JPY
1993 - Japanese Yen to 1 USD January: 125 JPY
1994 - Japanese Yen to 1 USD January: 111 JPY
1995 - Japanese Yen to 1 USD January: 100 JPY
1996 - Japanese Yen to 1 USD January: 106 JPY
1997 - Japanese Yen to 1 USD January: 117 JPY
2005 - Japanese Yen to 1 USD January: 103 JPY
http://www.x-rates.com/cgi-bin/hlookup.cgi
You may also want to see these posts.
Foreigners and Salary Caps; Limits on Pay
http://www.eslcafe.com/forums/korea/viewtopic.php?t=34410
Have you ever been paid late in Korea?
http://www.eslcafe.com/forums/korea/viewtopic.php?t=18732
Not being paid. What is the best way to get my money?
http://www.eslcafe.com/forums/korea/viewtopic.php?t=39274
labour board works? ASAP help please
http://www.eslcafe.com/forums/korea/viewtopic.php?t=39060
Screwed in Pension
http://www.eslcafe.com/forums/korea/viewtopic.php?t=38994
How many classes is too many?
http://www.eslcafe.com/forums/korea/viewtopic.php?t=37018 |
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chance2005
Joined: 03 Apr 2005
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| Posted: Tue May 31, 2005 6:43 pm Post subject: Re: "Won"derful |
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| brento1138 wrote: |
When I first had the slightest thought about coming to Korea in November, I would have only been making $2,065.69 CAN. But as of today's exchange rate, 1.9 million WON turns into $2,365.45. That's 300 bucks more!
Seems the Won is doing very well. |
The exchange rate will continue to improve especially versus the U.S. dollar, don't know that much about Canadian currency. The long term trend is a weak U.S. dollar. Congats to all ESL teachers in Korea! |
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Hanson
Joined: 20 Oct 2004
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| Posted: Tue May 31, 2005 6:44 pm Post subject: |
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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) ........ $US2000........
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You missed a few! |
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weatherman
Joined: 14 Jan 2003
Location: Korea
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| Posted: Tue May 31, 2005 6:55 pm Post subject: |
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| Real Reality wrote: |
Historical Comparison of Korean Won and Japanese Yen
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) ........ $US2000........
Japanese Yen to USD
1992 - Japanese Yen to 1 USD January: 125 JPY
1993 - Japanese Yen to 1 USD January: 125 JPY
1994 - Japanese Yen to 1 USD January: 111 JPY
1995 - Japanese Yen to 1 USD January: 100 JPY
1996 - Japanese Yen to 1 USD January: 106 JPY
1997 - Japanese Yen to 1 USD January: 117 JPY
2005 - Japanese Yen to 1 USD January: 103 JPY
http://www.x-rates.com/cgi-bin/hlookup.cgi
You may also want to see these posts.
Foreigners and Salary Caps; Limits on Pay
http://www.eslcafe.com/forums/korea/viewtopic.php?t=34410
Have you ever been paid late in Korea?
http://www.eslcafe.com/forums/korea/viewtopic.php?t=18732
Not being paid. What is the best way to get my money?
http://www.eslcafe.com/forums/korea/viewtopic.php?t=39274
labour board works? ASAP help please
http://www.eslcafe.com/forums/korea/viewtopic.php?t=39060
Screwed in Pension
http://www.eslcafe.com/forums/korea/viewtopic.php?t=38994
How many classes is too many?
http://www.eslcafe.com/forums/korea/viewtopic.php?t=37018 |
As somebody who isn't the most orgainized as a person, I really don't know how you keep these facts so readily at hand. |
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Qinella
Joined: 25 Feb 2005
Location: the crib
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| Posted: Tue May 31, 2005 8:43 pm Post subject: |
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| Real Reality wrote: |
Historical Comparison of Korean Won and Japanese Yen
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) ........ $US2000........
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So doesn't this mean that we're gradually making less money? |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Tue May 31, 2005 8:54 pm Post subject: |
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| Yep. |
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mastrwik
Joined: 28 Apr 2005
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| Posted: Tue May 31, 2005 9:22 pm Post subject: |
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I'm sure someone else has the exact rates, but as Hanson pointed out, a few years were missed. Heh - the won is the strongest it has been against the dollar since the crisis in 1997, when the won bottomed out at over 2000 per $1. As has been discussed in other threads, the won is at a 7.5 year high against the dollar.
If you've been here since before the crisis, things aren't as good as they once were. If not, things are better than ever before. |
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Homer
Guest
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| Posted: Wed Jun 01, 2005 2:20 am Post subject: |
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When I got here...the won was trading at around 630 to the Canadian...! 
Then the 1997 crisis hit.
Now its doing fine.
Currencies will fluctuate folks... |
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Hwajangsil Ajumma
Joined: 02 May 2005
Location: On my knees in the stall
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| Posted: Wed Jun 01, 2005 4:05 am Post subject: |
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For all you fine English chaps, a baek man Won got me the tidy sum of over 530 quid sterling t'other day. 'Twas most splendid indeed, so I celebrated with a game of lawn croquet, a pot of tea and some cucumber sandwiches for me and my partner Cedric Blessington-Smythe.
Splendid, I say! |
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Tiger Beer
Joined: 07 Feb 2003
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| Posted: Wed Jun 01, 2005 4:08 am Post subject: |
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| Real Reality wrote: |
Historical Comparison of Korean Won and Japanese Yen
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) ........ $US2000........ |
The real reality however is that when I was here in 1996.. I was making 1.4 million won/month. That was standard at the time. |
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Hanson
Joined: 20 Oct 2004
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| Posted: Wed Jun 01, 2005 4:15 am Post subject: |
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I'm sure someone else has the exact rates, but as Hanson pointed out, a few years were missed. Heh - the won is the strongest it has been against the dollar since the crisis in 1997, when the won bottomed out at over 2000 per $1. As has been discussed in other threads, the won is at a 7.5 year high against the dollar.
If you've been here since before the crisis, things aren't as good as they once were. If not, things are better than ever before. |
Couldn't have said it better myself. |
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Real Reality
Joined: 10 Jan 2003
Location: Seoul
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oxfordstu
Joined: 28 Aug 2004
Location: Bangkok
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| Posted: Mon Jul 04, 2005 9:49 am Post subject: |
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| This royally sucks. Luckily I wired money home when it was 1015 -- it jumped to 1031 the next day. Hopefully it won't go much higher than it already has. |
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The Cosmic Hum
Joined: 09 May 2003
Location: Sonic Space
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| Posted: Mon Jul 04, 2005 11:35 pm Post subject: |
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One month ago...the Korean won was 797 to 1 Cdn dollar.
This was great...best it has been in a few years
Was about 720 when I came in 1999.
But since then...well...not so good... 800's and up...even went to 900's last summer. 
My universtity upgraded my contract this year...so, here comes my Korean Pension.
About 12million won...cool...  but one month later... 
Today, at the bank it was 835 to one dollar... 
The won is not doing so well this past month...
The reason I am mentioning this...
I am in the process of exchanging w8,350,000 for $10,000cdn...approx.
So, I am losing about 350,000won...bummer for me. 
Anyway, I get the feeling it's has something to do with the Korean government not wanting people going abroad during the vacation season.
Happened last year too. |
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