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cubanlord
Joined: 08 Jul 2005
Location: In Japan!
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roadwork
Joined: 24 Nov 2008
Location: Goin' up the country
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 Posted: Mon Aug 24, 2009 10:52 pm Post subject: |
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| My bank lists 1256 as the remittance rate at this moment. I think that for most expats with a plump savings account right now would be happy to see at least 1200 if not 1150. I doubt that will happen for the next couple of years anyway. |
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Pwillig
Joined: 26 Jan 2009
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| Posted: Mon Aug 24, 2009 10:59 pm Post subject: |
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| It's been trading around this point for the past few months. I'd count myself lucky if the dollar traded for 1200 come January. |
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roadwork
Joined: 24 Nov 2008
Location: Goin' up the country
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| Posted: Mon Aug 24, 2009 11:05 pm Post subject: |
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| Pwillig wrote: |
| It's been trading around this point for the past few months. I'd count myself lucky if the dollar traded for 1200 come January. |
I'll probably dump most of my money if it gets to that point. I remember it being around 1200 back in 2003 when I first got here and I never thought anything about sending money home back then. I think most of us just got spoiled during that 1-1 1/2 year period where it was under 1000 won to the dollar. |
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lifeinkorea
Joined: 24 Jan 2009
Location: somewhere in China
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| Posted: Mon Aug 24, 2009 11:09 pm Post subject: |
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http://forecasts.org/data/data/EXKOUS.htm
1997-06-01 891.40
1997-07-01 893.09
1997-08-01 898.71
1997-09-01 912.50
1997-10-01 929.42
1997-11-01 1035.22
1997-12-01 1496.90
1998-01-01 1707.30
1998-02-01 1628.42
1998-03-01 1489.36
1998-04-01 1391.55
1998-05-01 1399.05
1998-06-01 1397.77
1998-07-01 1295.76
1998-08-01 1314.29
1998-09-01 1375.54
1998-10-01 1344.14
1998-11-01 1294.01 |
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Epicurus
Joined: 18 Jun 2009
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| Posted: Mon Aug 24, 2009 11:10 pm Post subject: |
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the dollar is going to tank.
the problem is not nearly to the same extent vs the won as against real currencies. that's why even though I'm going get the multiple currency account available thru KEB it's going to be useless, because exchanging won into euro for example is forced sodomy without a lubricant.
I think odds are excellent we'll see 1200 to 1 fairly soon. I'm crossing my fingers for 1150.
The problem by the time the won returns to 1000 to 1 vs the USD, almost every single other currency will have skyrocketed far more.
I'm going to take a hard look at China when my contract ends. |
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drkalbi
Joined: 06 Aug 2006
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| Posted: Mon Aug 24, 2009 11:11 pm Post subject: |
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| I'll believe it when I see it. |
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roadwork
Joined: 24 Nov 2008
Location: Goin' up the country
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| Posted: Mon Aug 24, 2009 11:13 pm Post subject: |
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| lifeinkorea wrote: |
http://forecasts.org/data/data/EXKOUS.htm
1997-06-01 891.40
1997-07-01 893.09
1997-08-01 898.71
1997-09-01 912.50
1997-10-01 929.42
1997-11-01 1035.22
1997-12-01 1496.90
1998-01-01 1707.30
1998-02-01 1628.42
1998-03-01 1489.36
1998-04-01 1391.55
1998-05-01 1399.05
1998-06-01 1397.77
1998-07-01 1295.76
1998-08-01 1314.29
1998-09-01 1375.54
1998-10-01 1344.14
1998-11-01 1294.01 |
Wow! Look at January 1st 1998. I wonder how many teachers bailed out around that time? Who would know? bluelake? Ya-ya boy?
Last edited by roadwork on Tue Aug 25, 2009 2:09 am; edited 2 times in total |
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DCJames
Joined: 27 Jul 2006
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| Posted: Mon Aug 24, 2009 11:58 pm Post subject: |
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| drkalbi wrote: |
| I'll believe it when I see it. |
yeah |
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CA-NA-DA-ABC
Joined: 20 Jun 2006
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| Posted: Tue Aug 25, 2009 12:45 am Post subject: |
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| I don't know, but wasn't the Won trading stably under 1000:1 for a few years? That alone makes me guess that the exchange rate is bound to go back down in the future. |
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Ilsanman
Joined: 15 Aug 2003
Location: Bucheon, Korea
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| Posted: Tue Aug 25, 2009 5:27 am Post subject: |
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| I'd like to see the CDN dollar tank. It is getting stronger and stronger against the won and the greenback. |
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E_athlete
Joined: 09 Jun 2009
Location: Korea sparkling
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| Posted: Tue Aug 25, 2009 5:50 am Post subject: |
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| Ilsanman wrote: |
| I'd like to see the CDN dollar tank. It is getting stronger and stronger against the won and the greenback. |
yeah i think it may have something to do with the fact Canada hasnt printed 3 trillion plus dollars like America has.
What say you asmith?
nah but seriously, if the us dollar tanks i think canada money will follow suit. |
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oldtactics
Joined: 18 Oct 2008
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| Posted: Tue Aug 25, 2009 5:57 am Post subject: |
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| The exchange for Canadians still sucks. My salary is down $100/month from where it was 6 months ago. |
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longlivetheclash
Joined: 08 Aug 2009
Location: Bundang/Seoul
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| Posted: Tue Aug 25, 2009 8:24 am Post subject: Won exchange rate> |
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| I lived in Wonju, Korea 1990-1991 and the Won was 700 to 1 USD.... |
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Dude Ranch
Joined: 04 Nov 2008
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| Posted: Tue Aug 25, 2009 8:32 am Post subject: |
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| If you think the Canadian dollar is high now when oil is $73 wait until oil rises above $120 again and see how high the Canadian 'Petro' Dollar goes |
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