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Sofa_King
Joined: 03 Mar 2005
Location: South Korea
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 Posted: Wed Jul 05, 2006 5:39 am Post subject: North's Missiles Effect the Won? |
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| With the North acting like a bunch of douchebags, I'm wondering what effect this will have on the Won. I've read on msn.ca news that the share prices in Japan and South Korea had dropped as a result of the missile testing. For those who are keen on money matters, would it be a good idea to change my Korean money into American or Canadian currency? |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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The Bobster
Joined: 15 Jan 2003
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| Posted: Wed Jul 05, 2006 6:41 am Post subject: |
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These things are transitory, wouldn't you say? Keep your money where it is and look to the long term.
Unless you are interested in speculating, all that buy low and sell high stuff - but in this case you are really looking to sell low and buy high again later ...am I wrong? |
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Sofa_King
Joined: 03 Mar 2005
Location: South Korea
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| Posted: Wed Jul 05, 2006 2:48 pm Post subject: |
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| The Bobster wrote: |
These things are transitory, wouldn't you say? Keep your money where it is and look to the long term.
Unless you are interested in speculating, all that buy low and sell high stuff - but in this case you are really looking to sell low and buy high again later ...am I wrong? |
Unfortunately, I don't have that option. I'm going home for good in 6 weeks, so if the won sinks, I may lose a lot of money. One option I do have is to change my won into Canadian currency here and carry it into Canada. I believe I can carry under $10,000 tax/customs free. But the article Ya-ta Boy posted puts me a little at ease. However, as a result of this incident, I'm definately going to keep a close eye on the currency rates. |
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