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carpetdope
Joined: 13 Oct 2008
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 Posted: Sun May 16, 2010 3:53 pm Post subject: Aussies: Cash out now? |
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| The KRW to the AUD is lower than it's been for quite a while: 1001.3287 KRW to the AUD, as of 17th May (according to this). |
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big_fella1
Joined: 08 Dec 2005
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| Posted: Sun May 16, 2010 4:16 pm Post subject: |
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Good but irrelevant question for me. When I first came here in 2005 it was w800 to the Aussie. In 2006 it dropped to w699 briefly.
I think that the new super profits tax on mining in Australia could drive the Aussie significantly lower. But I'm an English teacher, what do I know. |
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carpetdope
Joined: 13 Oct 2008
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| Posted: Sun May 16, 2010 4:32 pm Post subject: |
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Ah, the good old days. My first year (from late '05) was the most lucrative for that reason. I guess the question is for those that do want to send money home. If you're hanging on to a rising balloon, you're presented with a difficult decision - let go before it's too late or hold on and keep getting higher, posing the question: how long can you keep a grip on the rope? 
Or in this case, how long til the baloon bursts? |
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