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spencer23
Joined: 25 Jan 2007
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 Posted: Thu Feb 21, 2008 11:35 pm Post subject: Stupid Strong Australian Dollar |
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When I first came here over a year ago the 1000won was getting me around $1.28 Australian dollars. It has slowly gotten lower and lower. Today I checked the rate 1000 won gets me $1.14 that means for my monthly salary (and all other Australians) I have lost over 10% of my salary when transfering money back to Australia.
I just hope it doesn't get lower-----
How are all other expats conversion rates going? (Canuks, Americans etc) |
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Newbie
Joined: 07 Feb 2003
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| Posted: Thu Feb 21, 2008 11:37 pm Post subject: |
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Welcome to the average Canadian's world  .... When I started it was 750won to the dollar. Now it's about 950. 
(sorry 'bout the hijacking) ====> scratch that. I didn't see you asking about the other expats, so I guess there was no hijacking at all.
Last edited by Newbie on Thu Feb 21, 2008 11:44 pm; edited 1 time in total |
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marlow
Joined: 06 Feb 2005
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| Posted: Thu Feb 21, 2008 11:43 pm Post subject: Re: Stupid Strong Australian Dollar |
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| spencer23 wrote: |
How are all other expats conversion rates going? (Canuks, Americans etc) |
Like Newbie said, it sucks for Canadians.
Unfortunately, it's quite good for Americans. If it were bad for all the English speaking countries, Korea would probably have to raise wages or watch teachers go. I'm stuck here, so I'm just hoping the won does better before I go home in a few years. |
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kiwiduncan
Joined: 18 Jun 2007
Location: New Zealand
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| Posted: Thu Feb 21, 2008 11:44 pm Post subject: |
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| Same with the crap New Zealand dollar. 550won to a kiwi dollar back in 1999 (my first time in Korea), now about 755. |
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just because
Joined: 01 Aug 2003
Location: Changwon - 4964
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| Posted: Fri Feb 22, 2008 12:37 am Post subject: Re: Stupid Strong Australian Dollar |
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| spencer23 wrote: |
When I first came here over a year ago the 1000won was getting me around $1.28 Australian dollars. It has slowly gotten lower and lower. Today I checked the rate 1000 won gets me $1.14 that means for my monthly salary (and all other Australians) I have lost over 10% of my salary when transfering money back to Australia.
I just hope it doesn't get lower-----
How are all other expats conversion rates going? (Canuks, Americans etc) |
When i first got here over 6 years ago the conversion rate was 55 cents to 1000 won.
So basically $1.90 I could get...
It has been all downhill since...
So imagine how i feel...
It won't get better. |
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GoldMember
Joined: 24 Oct 2006
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| Posted: Fri Feb 22, 2008 12:41 am Post subject: |
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It's not so much that the Kiwi, Canadian and Aussie dollars are strong, but the US dollar is weak.
The won should be much stronger but the government here manipulates the currency to keep it artificially weak.
The dummies at the Bank of Korea have lost Billions on US Treasuries and Securitized Mortgages in the US in order to stem the rise of the won. |
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itaewonguy
Joined: 25 Mar 2003
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| Posted: Fri Feb 22, 2008 1:22 am Post subject: |
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plenty of foreigners who will jump at living here..
beats pumping gas flipping burgers for 8 bucks an hour! |
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meangradin
Joined: 10 Mar 2006
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| Posted: Fri Feb 22, 2008 4:58 am Post subject: |
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"plenty of foreigners who will jump at living here..
beats pumping gas flipping burgers for 8 bucks an hour!"
Out of curiosity, how many university grads do you know who fit this description?
Personally, I was making over 45,000 in Canada, before I came here. I don't think I had a job that paid min. wage since I was 16 years old, but if you fit in to this catagory, .... |
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BRawk
Joined: 14 Oct 2007
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| Posted: Fri Feb 22, 2008 8:16 am Post subject: |
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| meangradin wrote: |
"plenty of foreigners who will jump at living here..
beats pumping gas flipping burgers for 8 bucks an hour!"
Out of curiosity, how many university grads do you know who fit this description?
Personally, I was making over 45,000 in Canada, before I came here. I don't think I had a job that paid min. wage since I was 16 years old, but if you fit in to this catagory, .... |
I think the only people who compare this to flipping burgers at $8/hr are the folks who bought thier degree from a back alley in Bangkok before they made thier way over here. |
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