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Dollar/won exchange rate

 
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desultude



Joined: 15 Jan 2003
Location: Dangling my toes in the Persian Gulf

PostPosted: Mon Apr 17, 2006 1:28 am    Post subject: Dollar/won exchange rate Reply with quote

Monday, April 17, 2006
1 US Dollar = 611.172 South-Korean Won
1 South-Korean Won (KRW) = 0.001636 US Dollar (USD)

Median price = 595.628 / 611.172 (bid/ask)
Minimum price = 155.207 / 159.253
Maximum price = 950.661 / 975.419

http://www.oanda.com/convert/classic

This can't be correct, can it? I took a nap- what in hell happened?
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peppermint



Joined: 13 May 2003
Location: traversing the minefields of caddishness.

PostPosted: Mon Apr 17, 2006 1:46 am    Post subject: Reply with quote

The rates look more stable on xe.com and KEB's site, but the Hyundai Kia chairman is about to be indicted, according to the times- maybe they're expecting the local economy to tank?
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desultude



Joined: 15 Jan 2003
Location: Dangling my toes in the Persian Gulf

PostPosted: Mon Apr 17, 2006 1:58 am    Post subject: Reply with quote

There are clues in the minimum and maximum bid rates- the 611 won rate is the average- it looks like someplace late this afternoon the rates tanked big time. Or else it is a mistake.

Other sites say 955 won to the dollar, or in that range- which is still a big drop.
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peppermint



Joined: 13 May 2003
Location: traversing the minefields of caddishness.

PostPosted: Mon Apr 17, 2006 2:18 am    Post subject: Reply with quote

The rates for the Canadian dollar are pretty low on that site too. . so it's not a one time mistake
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JAWINSEOUL



Joined: 19 Nov 2005

PostPosted: Mon Apr 17, 2006 2:21 am    Post subject: Reply with quote

Use This site

http://www.bank-banque-canada.ca/en/rates/exchform.html
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chiaa



Joined: 23 Aug 2003

PostPosted: Mon Apr 17, 2006 7:13 am    Post subject: Reply with quote

T/C on Kookmin's site is showing 967.
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Wangja



Joined: 17 May 2004
Location: Seoul, Yongsan

PostPosted: Mon Apr 17, 2006 3:03 pm    Post subject: Reply with quote

peppermint wrote:
The rates look more stable on xe.com and KEB's site, but the Hyundai Kia chairman is about to be indicted, according to the times- maybe they're expecting the local economy to tank?


'tother way round. They may expect the US economy to tank.

That debt burden - of bananna republic proportions - will come back and bite soon.
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huffdaddy



Joined: 25 Nov 2005

PostPosted: Mon Apr 17, 2006 7:54 pm    Post subject: Reply with quote

FWIW though...


��Won-Dollar Rate Could Fall Below 900��


http://times.hankooki.com/lpage/biz/200604/kt2006041218121111880.htm


Personally, I like the Won-Yen exchange rate. I'm keeping about a third of my savings in US$, a third in Yen, and a third in Won.
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peppero



Joined: 16 Nov 2005

PostPosted: Sun Apr 23, 2006 3:44 am    Post subject: Reply with quote

Good for me. Smile Most of my money's in Korean Won anyway, with the rest in Thai baht. Both are appreciating. Smile
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chiaa



Joined: 23 Aug 2003

PostPosted: Sun Apr 23, 2006 5:13 am    Post subject: Reply with quote

Good for me too. Get to sell more books.
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