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1.00 KRW = 0.000816825 USD
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nuthatch



Joined: 21 Feb 2008
PostPosted: Mon Sep 29, 2008 4:28 pm    Post subject: 1.00 KRW = 0.000816825 USD Reply with quote
1.00 KRW = 0.000816825 USD

http://www.xe.com/ucc/convert.cgi
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plynx



Joined: 03 Jun 2008
PostPosted: Mon Sep 29, 2008 4:30 pm    Post subject: Reply with quote
just saw that. shite. and i had thought about crying over 1120. the US rejected the $700 billion bailout plan and now the nosedive really begins.
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nuthatch



Joined: 21 Feb 2008
PostPosted: Mon Sep 29, 2008 4:40 pm    Post subject: Reply with quote
yes...you're right

as I wrote a couple of weeks ago...it will only keep getting worse

this had been predicted a long time ago....

the sooner one gets one's money out of korea the better...
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plynx



Joined: 03 Jun 2008
PostPosted: Mon Sep 29, 2008 4:46 pm    Post subject: Reply with quote
for those staying an extra year or two, it would be much wiser to wait it out (or, for those who need to send cash home, transfer a lump sum every 4-6 months). sending anything home at the moment would be a big waste of time and money. if the ratio drops anywhere below the 1100 mark, i'll ship it out. until then, it's renting a room at the bank.
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Ruraljuror



Joined: 08 Dec 2007
PostPosted: Mon Sep 29, 2008 4:48 pm    Post subject: Reply with quote
Quote:
the sooner one gets one's money out of korea the better...



Umm...I think the cows are out of the barn already...this is REALLY bad advice.
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Trevor



Joined: 16 Nov 2005
PostPosted: Mon Sep 29, 2008 4:59 pm    Post subject: Reply with quote
Don't Panic!



Ruraljuror wrote:
Quote:
the sooner one gets one's money out of korea the better...



Umm...I think the cows are out of the barn already...this is REALLY bad advice.


Last edited by Trevor on Sat Nov 29, 2014 3:04 am; edited 1 time in total
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victorology



Joined: 10 Sep 2007
PostPosted: Mon Sep 29, 2008 5:30 pm    Post subject: Reply with quote
I agree that the last thing you want to do is panic in a situation like this. If you need to send money out, do it. If you don't need to, why would you?
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nuthatch



Joined: 21 Feb 2008
PostPosted: Mon Sep 29, 2008 5:46 pm    Post subject: Reply with quote
why would you?

because it will only keep going down

I predicted this a couple of weeks ago when it was hovering around .00089

then watched hover around .00086

and now it is down to .00083 or .00081 fluctuating

it will only continue to slide
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Ruraljuror



Joined: 08 Dec 2007
PostPosted: Mon Sep 29, 2008 7:16 pm    Post subject: Reply with quote
If you were leaving Korea forever in the next month or so, I'd consider that advice to CONVERT NOW! But the won WILL bounce back eventually. It may not be next week, it may not be next month. It might even be in 2009. But there is no chance that the won will be this low forever. Seriously. Like 0.0%. So if you transfer now you will be taking an unnecessary 20% hit. Calm down.

More to the point: Where are you going to send your money? Markets are down EVERYWHERE. The Euro is currently weak and has been slumping all year. The Japanese markets were hit by the US shit storm just as hard as Korea was. And the US doesn't exactly seem like a safe bet in the present or in the future for growth.
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I-am-me



Joined: 21 Feb 2006
Location: Hermit Kingdom
PostPosted: Mon Sep 29, 2008 7:27 pm    Post subject: Reply with quote
That is cutting into my pay. My last month here so looks like I might take a break until things get a little better. Shocked
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siborg69



Joined: 06 Nov 2007
PostPosted: Mon Sep 29, 2008 7:36 pm    Post subject: Reply with quote
mmm....i leave here next week and have about 8,700,000 to send home. its goin back to ireland......i will have lost about �350 ($700) on what i was expecting to be getting....my girlfriend is here until the end of feb.