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BDups
Joined: 23 Aug 2005
Location: Jisan, Daegu
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 Posted: Fri Jan 11, 2008 9:53 pm Post subject: Sending Monet to Canada |
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When I send money home to Canada obviously I want to make the most amount possible on the exchange, so what information should I be monitoring so that I can send money home at the best time possible?
How well the Loonie is doing? The American dollar? The Won? All three?
And under which circumstances will it be a good idea to send the money? if the Loonie is high? low?
Help please?!? |
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VanIslander
Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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| Posted: Fri Jan 11, 2008 9:58 pm Post subject: |
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schwa
Joined: 18 Jan 2003
Location: Yap
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| Posted: Fri Jan 11, 2008 10:03 pm Post subject: |
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| VanIslander wrote: |
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My thoughts exactly. |
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kiwiduncan
Joined: 18 Jun 2007
Location: New Zealand
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| Posted: Fri Jan 11, 2008 10:05 pm Post subject: |
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damn it, you guys beat me to it  |
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Newbie
Joined: 07 Feb 2003
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| Posted: Fri Jan 11, 2008 10:58 pm Post subject: |
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| You need not worry about the American dollar when exchanging from won to CAD. You should be solely concerned with won vs cad. Focus on them, ignore the USD. Right now the won-cad is about 935. That blows. You want to wait for something between 800 and 850 |
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livinseoul
Joined: 28 Nov 2007
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| Posted: Fri Jan 11, 2008 11:07 pm Post subject: |
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| Also beat me to it. A well deserved retort. |
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roscoe2000
Joined: 24 Oct 2007
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| Posted: Sun Jan 13, 2008 5:18 pm Post subject: |
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how long can you wait?
i've only been here a couple of months, but speaking with friends that have been here a couple of years they were complaining that the dollar is too strong.
to be honest, why do you think that's going to change anytime soon? |
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mike123_ca
Joined: 12 Mar 2003
Location: wandering between Chonan and Asan
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| Posted: Sun Jan 13, 2008 8:10 pm Post subject: |
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I wish I could buy a Monet.  |
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Newbie
Joined: 07 Feb 2003
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| Posted: Sun Jan 13, 2008 8:47 pm Post subject: |
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| roscoe2000 wrote: |
how long can you wait?
i've only been here a couple of months, but speaking with friends that have been here a couple of years they were complaining that the dollar is too strong.
to be honest, why do you think that's going to change anytime soon? |
Charts for the last few years show that the rate has been favorable betwee March and May. Don't know why, can't say if it will happen again.
I will NOT be sending money home if it stays above 850 |
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maddog
Joined: 08 Dec 2005
Location: Daegu
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| Posted: Sun Jan 13, 2008 9:42 pm Post subject: |
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| VanIslander wrote: |
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brill |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Sun Jan 13, 2008 9:51 pm Post subject: |
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Give it to me and I'll take it to Canada personally.
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bellum99
Joined: 23 Jan 2003
Location: don't need to know
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| Posted: Mon Jan 14, 2008 12:26 am Post subject: |
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I recommend a currency exchange calculator:
http://www.xe.com/ucc/
Also....the charge to wire money to Canada is the same if it is a large amount or a small amount. So wait and send a larger amount ( under 10,000 USD).
Today:
1,000,000.00 KRW (to) => 1,084.230 CAD
South Korea Won Canada Dollars
1 KRW = 0.00108423 CAD 1 CAD = 922.314 KRW |
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VanIslander
Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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| Posted: Mon Jan 14, 2008 12:49 am Post subject: |
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it's not a good time to send Monet home
instead send:
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