View previous topic :: View next topic |
Author |
Message |
Typhoon
Joined: 29 May 2007 Location: Daejeon
|
Posted: Tue Dec 09, 2008 10:04 pm Post subject: Taking advantage of the exchange rate |
|
|
So I am moving back to Canada in February.I am looking at losing 1000s of dollars because of the bad exchange. I was thinking of a way to make some back. I need to buy a couple of TVs, a blue ray player, a couple of laptops and other electronics. Would I be able to save some cash by buying them on-line now using my Korean credit card? Am I right in thinking that the exchange rate would work in my favor? A $1000 TV would be about 900 000 Won on my credit card, right? I want to make sure my thinking isn't flawed on this matter. Can anyone give me a yay or nay or any other ways to try to make this exchange work for me? |
|
Back to top |
|
 |
aarontendo

Joined: 08 Feb 2006 Location: Daegu-ish
|
Posted: Wed Dec 10, 2008 12:48 am Post subject: |
|
|
If the exchange rate is bad, why would it make sense to use your Korean won to buy a product in Canada? There's no advantage to it.
1,000.00 CAD =1,108,243.02 KRW |
|
Back to top |
|
 |
crossmr

Joined: 22 Nov 2008 Location: Hwayangdong, Seoul
|
Posted: Wed Dec 10, 2008 12:48 am Post subject: |
|
|
you have to pay duty when you take them back to Canada. If you thought about this in August you'd be okay. Anything you own for more than 6 months doesn't have to be declared going back.
er .. you want to buy the item in Canada using your korean credit card and pay it off?
wtf.. |
|
Back to top |
|
 |
moosehead

Joined: 05 May 2007
|
Posted: Wed Dec 10, 2008 1:04 am Post subject: |
|
|
how would you even use something with different electrical current requirements? |
|
Back to top |
|
 |
Typhoon
Joined: 29 May 2007 Location: Daejeon
|
Posted: Wed Dec 10, 2008 3:09 am Post subject: |
|
|
This is why I need people to wake me up. I always get my transaction stuff backwards. Jesus. So if I were to spend $6000 at Bestbuy.ca and use my Korean creditcard, would the fee on my credit card would be around 6 600 000won right? For some reason I thought it would be 5 400 000won. This kind of shit always messes with my head.
I would be using the electronics I buy in Canada as I am going there to stay. I am not considering buying any electronics here as they are super expensive...TVs are nearly twice as expensive here as in Canada and of course the voltage is a problem too. |
|
Back to top |
|
 |
itaewonguy

Joined: 25 Mar 2003
|
Posted: Wed Dec 10, 2008 3:18 am Post subject: |
|
|
just wait for the right day to exchange your money..
then buy them in canada . |
|
Back to top |
|
 |
lebowski
Joined: 30 Jan 2003 Location: Seoul
|
Posted: Wed Dec 10, 2008 3:47 am Post subject: |
|
|
moosehead wrote: |
how would you even use something with different electrical current requirements? |
hmm. maybe with a voltage converter.
http://en.wikipedia.org/wiki/Voltage_converter
Amazing the things that are invented these days, or rather many moons ago. |
|
Back to top |
|
 |
Typhoon
Joined: 29 May 2007 Location: Daejeon
|
Posted: Wed Dec 10, 2008 5:51 am Post subject: |
|
|
The dude does abide.  |
|
Back to top |
|
 |
|