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Real Reality
Joined: 10 Jan 2003
Location: Seoul
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 Posted: Wed Jan 04, 2006 4:49 am Post subject: Dollar Tumble Below W1,000 Frightens Exporters |
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Dollar Tumble Below W1,000 Frightens Exporters
http://english.chosun.com/w21data/html/news/200601/200601040011.html
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 1037 KRW to US$1 (January 2005) ........ $US1929........
2006 - 2,000,000 won at 1000 KRW to US$1 (January 2006) ........ $US2000........
2006 - 2,000,000 won at 994 KRW to US$1 (Almost today's rate).........$US2011........
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
2006 - Japanese Yen to 1 USD January: 116 JPY
http://www.x-rates.com/cgi-bin/hlookup.cgi
Last edited by Real Reality on Thu Jan 05, 2006 3:04 pm; edited 2 times in total |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Wed Jan 04, 2006 5:28 am Post subject: |
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| It doesn't frighten me. It delights me. It's worth several thousand dollars. |
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capebretoncanadian
Joined: 20 Feb 2005
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| Posted: Wed Jan 04, 2006 7:25 am Post subject: |
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*yawns loudly*........wow it's the same as it was this time last year....that's earth shattering  |
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weatherman
Joined: 14 Jan 2003
Location: Korea
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| Posted: Thu Jan 05, 2006 5:06 am Post subject: |
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| It dropped again to today. At the level it was in November of 1997. I for one hope it drops a lot more. |
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hogwonguy1979
Joined: 22 Dec 2003
Location: the racoon den
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| Posted: Thu Jan 05, 2006 5:56 am Post subject: |
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fall baby fall!!!!!
I'm loving it, heading to the US next week and every drop helps |
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Joseph Fitzgerald
Joined: 16 Jan 2003
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| Posted: Thu Jan 05, 2006 7:41 am Post subject: |
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| What month was the "IMF" crisis in 1997? |
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Real Reality
Joined: 10 Jan 2003
Location: Seoul
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| Posted: Thu Jan 05, 2006 2:45 pm Post subject: |
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The Korean crisis began with financial meltdown in the fall of 1997 when the government had to appeal to the International Monetary Fund for loans to meet foreign exchange obligations.... Though meltdown occurred during Kim Young Sam's presidency, most of the "IMF era" comes after Kim Dae Jung's inauguration in February 1998.
KOREAN CRISIS: Unraveling the Miracle in the IMF Era. By Donald Kirk. New York: St. Martin's Press. 2000. xii, 365 pp. US$55. 00, cloth. ISBN 0312-22442-7.
FindArticles, LookSmart Solutions
http://www.findarticles.com/p/articles/mi_qa3680/is_200107/ai_n8984666
1997 - South Korean Won to 1 USD
January: 854 KRW
February: 868 KRW
March: 882 KRW
April: 895 KRW
May: 894 KRW
June: 891 KRW
July: 893 KRW
August: 898 KRW
September: 912 KRW
October: 929 KRW
November: 1035 KRW
December: 1482 KRW
1998 - South Korean Won to 1 USD
January: 1707 KRW
February: 1628 KRW
March: 1489 KRW
April: 1391 KRW
May: 1399 KRW
June: 1397 KRW
July: 1295 KRW
August: 1314 KRW
September: 1375 KRW
October: 1344 KRW
November: 1294 KRW
December: 1213 KRW
Source: x-rates.com
http://www.x-rates.com/d/KRW/USD/hist1997.html
http://www.x-rates.com/d/KRW/USD/hist1998.html |
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Hollywoodaction
Joined: 02 Jul 2004
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| Posted: Thu Jan 05, 2006 5:43 pm Post subject: |
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| weatherman wrote: |
| It dropped again to today. At the level it was in November of 1997. I for one hope it drops a lot more. |
Yes, be a bit more specific. I remember the won fluctuating quite a bit in 1997.  |
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joelseymour
Joined: 18 Apr 2005
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| Posted: Thu Jan 05, 2006 6:26 pm Post subject: ... |
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...
Last edited by joelseymour on Sun Jan 29, 2006 2:04 am; edited 1 time in total |
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tzechuk
Joined: 20 Dec 2004
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| Posted: Thu Jan 05, 2006 7:23 pm Post subject: |
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| what about the pound vs won? |
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ChimpumCallao
Joined: 17 May 2005
Location: your mom
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| Posted: Thu Jan 05, 2006 7:31 pm Post subject: |
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| ummm, so this means we should send money home when?? |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Thu Jan 05, 2006 8:17 pm Post subject: |
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| ChimpumCallao wrote: |
| ummm, so this means we should send money home when?? |
Well, if you think GWB is going to address government debt (over 8 trillion USD) in the next month or so, send it now.
If you think that might be a bit too painful, perhaps wait. |
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weatherman
Joined: 14 Jan 2003
Location: Korea
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| Posted: Thu Jan 05, 2006 9:43 pm Post subject: |
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| tzechuk wrote: |
| what about the pound vs won? |
It is about 1,774 won to the Pound if you are buying. |
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Mr. Pink
Joined: 21 Oct 2003
Location: China
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| Posted: Fri Jan 06, 2006 4:04 am Post subject: |
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The Korean won is getting stronger...I for one hope the gov't stops intervening and keeping it artifically low.
Notice that Won to Cdn dollar is a much better exchange. I hope the won goes super powerful...devalueing it for exports just screws us honest working folk  |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Fri Jan 06, 2006 5:06 am Post subject: |
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| Wahoo! 988!!! Just wahoo. |
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