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hugekebab
Joined: 05 Jan 2008
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 Posted: Fri Sep 25, 2009 7:12 pm Post subject: Have any other Brits noticed the exchange rate lately? |
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http://www.x-rates.com/d/KRW/GBP/graph120.html
Booyakasha:
2009-09-08 Tuesday, September 8 2041.21 KRW
2009-09-09 Wednesday, September 9 2026.18 KRW
2009-09-10 Thursday, September 10 2033.97 KRW
2009-09-11 Friday, September 11 2038.28 KRW
2009-09-14 Monday, September 14 2029 KRW
2009-09-15 Tuesday, September 15 2007.27 KRW
2009-09-16 Wednesday, September 16 1997.08 KRW
2009-09-17 Thursday, September 17 1990.04 KRW
2009-09-18 Friday, September 18 1973.08 KRW
2009-09-21 Monday, September 21 1948.38 KRW
2009-09-22 Tuesday, September 22 1966.46 KRW
2009-09-23 Wednesday, September 23 1962.45 KRW
2009-09-24 Thursday, September 24 1939.39 KRW
2009-09-25 Friday, September 25 1894.11 KRW
Not bad,eh? |
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krd
Joined: 17 Sep 2009
Location: Daegu
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| Posted: Fri Sep 25, 2009 8:19 pm Post subject: |
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| Damn, that's a pretty sweet deal! |
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DaeguNL
Joined: 08 Sep 2009
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| Posted: Fri Sep 25, 2009 8:21 pm Post subject: |
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| Not too bad for Canadians either! |
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ekul
Joined: 04 Mar 2009
Location: [Mod Edit]
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| Posted: Sat Sep 26, 2009 2:27 am Post subject: |
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| It's great right now, highest I've seen it. I just hope it lasts until mid october when I get my severence. On the amount I'm sending back it's about 500quid compared to only a month ago. |
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mongolian spot
Joined: 15 Sep 2009
Location: Seoul
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| Posted: Sat Sep 26, 2009 2:46 am Post subject: |
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| I never knew, i last converted a month ago! made my day! |
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cj1976
Joined: 26 Oct 2005
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| Posted: Sat Sep 26, 2009 3:18 am Post subject: |
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| The question is, how long do we wait until we run to the bank and send home all our savings? I might wait and see if it hits 1,800. |
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tzechuk
Joined: 20 Dec 2004
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| Posted: Sat Sep 26, 2009 4:46 am Post subject: |
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Sweet!
When I first came the exchange rate was 1600 won to a pound.
I'd be happy if it goes down to 1700 won. |
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eamo
Joined: 08 Mar 2003
Location: Shepherd's Bush, 1964.
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| Posted: Sat Sep 26, 2009 4:48 am Post subject: |
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| I think I'll send my poor old Mum a chunk...... |
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English Matt
Joined: 12 Oct 2008
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| Posted: Sat Sep 26, 2009 7:42 am Post subject: |
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It's not entirely awesome considering the pound is declining against other currencies as well as the Won. If you are paying off debts back home or intend to go back and live in the UK after this, fantastic. But, if like me you are intending to go somewhere else after Korea it's not that great. I'm moving to Berlin next year and at the moment the interest I am making on my savings is barely allowing me to break even on what my money would have been worth a few months ago. If it starts to decline even more, I'm going to have to start thinking about opening a foreign currency account back home and cashing some of my savings into Euros to protect against further devaluation.
At the moment some are predicting the Pound will reach parity with the Euro by the end of this year....good news for some, bad news for others like me! |
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Hyeon Een
Joined: 24 Jun 2005
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| Posted: Sat Sep 26, 2009 6:55 pm Post subject: |
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| Why don't you keep your money in Korean won for now? Or you could open an account in Euros, US Dollars or Chinese RMB at KEB bank instead. It'd be silly to keep converting it to pounds if they're expected to keep declining.. |
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English Matt
Joined: 12 Oct 2008
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| Posted: Sat Sep 26, 2009 9:28 pm Post subject: |
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| Hyeon Een wrote: |
| Why don't you keep your money in Korean won for now? Or you could open an account in Euros, US Dollars or Chinese RMB at KEB bank instead. It'd be silly to keep converting it to pounds if they're expected to keep declining.. |
I already have most of my savings as pounds in the UK already. I am not sending money back home at the moment, however the problem with keeping my money as Euros at KEB is that I don't currently have a Euro account back in Europe to receive the funds.
The foreign currency account doesn't allow you to cash out and if sending currency back home, it'll convert whatever funds you have to the currency of the receiving country. |
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Sergio Stefanuto
Joined: 14 May 2009
Location: UK
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| Posted: Sat Sep 26, 2009 10:54 pm Post subject: |
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| I sold w10,000,000 less than a month ago at 2,060/1. It's at around 1,940 at the moment (the buying/sending rate, that is) |
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Papa Smurf
Joined: 18 Jul 2006
Location: Seoul
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| Posted: Sun Sep 27, 2009 12:15 am Post subject: |
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its looking good.
if it gets down in to the 1800s i might send some home.
think it was like 1750 wen i arrived. |
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