Korean Job Discussion Forums

[Ed Provencher]

http://joongangdaily.joins.com/article/view.asp?aid=2900336

[jvalmer]

The won is in good company...

[GreenlightmeansGO]

I don't know what to make of this. The Zimbabwean dollar is doing a whole lot worse than the currencies mentioned. The South African Rand also didn't do too well.

[Xuanzang]

King Sejong is rolling in his tomb somewhere

[Evanzinho]

[ChinaBoy]

My advice is just to keep it in your home currency, unless you're planning a life abroad I suppose.

If a car costs 15,000 XXX in your home country and you've got 15,000 XXX, you've got a car. Doesn't matter what the exchange rate does.

You never know what's going to happen in the world, so it's better just to play it safe. Buy Swiss Francs? What if the Jews sue and get money stolen from the Holocaust? Singapore Dollars? Major typhoon or earthquake could devastate the place.

Sure there are more aggressive strategies, but I'm much more conservative. If you're only over here a year or two and then going home, might as well have your home currency.

[GwangjuParents]

For what it's worth, Jim Rogers is telling everyone to get out Sterling.

The UK may be Iceland II.

[Xuanzang]

Buy gold bars Evanzinho. Lasts longer

[Otherside]

[PeteJB]

Damn, didn't know the pound was doing that bad.

[johnny_larue]

It seems to have mostly stabalized against the Canadian dollar. I still hate losing 10% of my earnings when I send money home though.

[bogey666]

the pound was one of the most preposterously overpriced currencies vs the dollar around.

above 2.0 to the dollar? surely you must be shitting me.

that built on a real estate bubble and a "service economy"?

the rand and the won, share a good spot, right after the Zimbabwean "currency" (if you can call it that) as some paper that was about as useful as toilet paper as far as developing country currencies go.

all developing country currencies got hit, but nothing came close to the won, especially in Asia. Isn't Thailand's economy mostly exports? and how's their tourism industry doing this year, thanks to the political instability?

yet the thai dollar isn't off all that much vs the dollar. Maybe 10%.
and that's off the peak.

the won calculation is off - they should be calculating from say 950 to 1350.

that's a hell of a lot more than 27% or whatever assinine figure they came up with. Fact is the won is off pretty close to FORTY percent.

[Bibbitybop]

That's why you should only deal with ass, gas or grass. Always valuable, more so than god, gold and glory.

[iknownothing]

[Bibbitybop]