| View previous topic :: View next topic |
| Author |
Message |
afsjesse
Joined: 23 Sep 2007
Location: Kickin' it in 'Kato town.
|
 Posted: Fri Mar 07, 2008 2:51 am Post subject: 1 USD = 957 WON |
 |
|
| WAHHHHHH were losing money. The won weakend against the dollar to a new low of 957 won to one buck. Pretty soon we'll be lucky to be able to buy bread. |
|
| Back to top |
|
 |
kprrok
Joined: 06 Apr 2004
Location: KC
|
| Posted: Fri Mar 07, 2008 3:58 am Post subject: |
|
|
You're only losing money if they pay you the equivalent to your Korean salary in USD. Otherwise, you're still getting paid the same. You are only "losing" money if you send it home. Even then you're not losing money, you're only not able to buy as much.
KPRROK |
|
| Back to top |
|
|
Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
|
| Posted: Fri Mar 07, 2008 4:54 am Post subject: |
|
|
| Quote: |
| a new low of 957 won |
Oh please. Let's have some historical perspective. Ten years ago it was about 2,000 to the dollar. |
|
| Back to top |
|
|
regicide
Joined: 01 Sep 2006
Location: United States
|
| Posted: Fri Mar 07, 2008 4:59 am Post subject: |
|
|
delete
Last edited by regicide on Fri Mar 07, 2008 6:01 am; edited 1 time in total |
|
| Back to top |
|
|
deluxe
Joined: 10 May 2005
|
| Posted: Fri Mar 07, 2008 5:05 am Post subject: |
|
|
| 957 is still a helluva deal. Back in 2004 I recall 1200+ won exchange rates and view anything less than 1000 as fantastic. |
|
| Back to top |
|
|
CeleryMan
Joined: 12 Apr 2007
Location: Seoul
|
| Posted: Fri Mar 07, 2008 6:17 am Post subject: |
|
|
| ...but sub 900 is so much better! Someone pray for rain, please! |
|
| Back to top |
|
|
victorology
Joined: 10 Sep 2007
|
| Posted: Fri Mar 07, 2008 6:21 am Post subject: |
|
|
| The dollar has been losing value vs. most other currencies. I've read one reason the dollar has gained value against the won recently is because the incoming government wants a weaker won for the sake of exporters. Meanwhile, the central bank wants a weaker won to stem inflation. Let's hope the central bank gets their way. |
|
| Back to top |
|
|
europe2seoul
Joined: 12 Sep 2005
Location: Seoul, Korea
|
| Posted: Fri Mar 07, 2008 6:40 am Post subject: |
|
|
That's good - US$ is cheaper to buy - so when I go to US I can buy more  |
|
| Back to top |
|
|
Kimchi Cowboy
Joined: 17 Sep 2006
|
| Posted: Fri Mar 07, 2008 6:45 am Post subject: |
|
|
If you really want to sleep better at night....
Stop watching the exchange rates.
Or I'll start telling stories about how "back in the day" I used to get 750 won / Cdn. dollar. 
Seriously, though - live a little, save a lot, send it home, and don't sweat it too much. Go home with some stories to tell. So you just lost, what? 20, 30, 40 bucks on a thousand? Per month? I bet you could save that much in a month just by not going out on a Saturday night. Or by taking 3 less taxis in a week. Or by not... (fill in your own blanks here). |
|
| Back to top |
|
|
poet13
Joined: 22 Jan 2006
Location: Just over there....throwing lemons.
|
| Posted: Fri Mar 07, 2008 7:36 am Post subject: |
|
|
How is less won per dollar weaker?
What if it were 1 won per dollar? Is that good or bad?
Would you accept getting paid 2.3 million US dollars per month? |
|
| Back to top |
|
|
plus99
Joined: 30 Dec 2007
|
| Posted: Fri Mar 07, 2008 7:39 am Post subject: |
|
|
| victorology wrote: |
| The dollar has been losing value vs. most other currencies. I've read one reason the dollar has gained value against the won recently is because the incoming government wants a weaker won for the sake of exporters. Meanwhile, the central bank wants a weaker won to stem inflation. Let's hope the central bank gets their way. |
a weaker currency doesnt stem inflation, it causes it. |
|
| Back to top |
|
|
CeleryMan
Joined: 12 Apr 2007
Location: Seoul
|
| Posted: Fri Mar 07, 2008 2:41 pm Post subject: |
|
|
| Kimchi Cowboy wrote: |
If you really want to sleep better at night....
Stop watching the exchange rates.
Or I'll start telling stories about how "back in the day" I used to get 750 won / Cdn. dollar.
Seriously, though - live a little, save a lot, send it home, and don't sweat it too much. Go home with some stories to tell. So you just lost, what? 20, 30, 40 bucks on a thousand? Per month? I bet you could save that much in a month just by not going out on a Saturday night. Or by taking 3 less taxis in a week. Or by not... (fill in your own blanks here). |
The deltas I aim for improve the quality of life factor enormously |
|
| Back to top |
|
|
Real Reality
Joined: 10 Jan 2003
Location: Seoul
|
| Posted: Fri Mar 07, 2008 5:43 pm Post subject: |
|
|
| Ya-ta Boy wrote: |
| Quote: |
| a new low of 957 won |
Oh please. Let's have some historical perspective. Ten years ago it was about 2,000 to the dollar. |
"Oh please. Let's have some historical perspective."
South 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 (February 2005).... $US2000 .....
http://www.x-rates.com/cgi-bin/hlookup.cgi
1990 - South Korean Won to 1 USD
January: 686 KRW (19 days average)
February: 692 KRW (19 days average)
March: 700 KRW (21 days average)
April: 708 KRW (20 days average)
May: 711 KRW (21 days average)
June: 718 KRW (21 days average)
July: 718 KRW (20 days average)
August: 718 KRW (22 days average)
September: 717 KRW (19 days average)
October: 717 KRW (18 days average)
November: 717 KRW (20 days average)
December: 718 KRW (20 days average)
http://www.x-rates.com/d/KRW/USD/hist1990.html
1991 - South Korean Won to 1 USD
January: 720 KRW (20 days average)
February: 723 KRW (17 days average)
March: 727 KRW (19 days average)
April: 728 KRW (21 days average)
May: 727 KRW (21 days average)
June: 727 KRW (18 days average)
July: 731 KRW (22 days average)
August: 733 KRW (22 days average)
September: 744 KRW (19 days average)
October: 753 KRW (20 days average)
November: 757 KRW (19 days average)
December: 761 KRW (21 days average)
http://www.x-rates.com/d/KRW/USD/hist1991.html |
|
| Back to top |
|
|
Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
|
| Posted: Fri Mar 07, 2008 6:18 pm Post subject: |
|
|
Real Reality:
What was the Won in March 1998?
January 1707.3 KRW (20 days average)
February 1628.42 KRW (19 days average)
March 1489.36 KRW (21 days average)
April 1391.55 KRW (22 days average) |
|
| Back to top |
|
|
cbclark4
Joined: 20 Aug 2006
Location: Masan
|
| Posted: Sat Mar 08, 2008 2:39 am Post subject: |
|
|
| 1976 500w = $1 |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
