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hari seldon
Joined: 05 Dec 2004
Location: Incheon
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caribmon
Joined: 26 Oct 2009
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 Posted: Wed May 26, 2010 9:04 am Post subject: |
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| When the U.S. austerity hits, the won will soar just like the Yen did from 1980-2008 |
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kinerry
Joined: 01 Jun 2009
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| Posted: Wed May 26, 2010 9:13 am Post subject: Re: Korean Won Nose Diving |
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Those same experts were expecting the won to be the best performing currency this year. |
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hari seldon
Joined: 05 Dec 2004
Location: Incheon
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| Posted: Wed May 26, 2010 9:24 am Post subject: Re: Korean Won Nose Diving |
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| kinerry wrote: |
Those same experts were expecting the won to be the best performing currency this year. |
The long term outlook for the won remains 1100, but in the near term, due to the Cheonan-related tensions, they expect it to drop to 1300.
This month foreigners sold more than $5 billion in Korean stocks. That's driving the won down. |
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lifeinkorea
Joined: 24 Jan 2009
Location: somewhere in China
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| Posted: Wed May 26, 2010 11:25 am Post subject: |
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| So? Wait it out, big deal. Don't cry over spilled kimchi. |
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Ramen
Joined: 15 Apr 2008
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| Posted: Wed May 26, 2010 4:13 pm Post subject: |
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I predict 1500 = 1. Soon and very soon.  |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Wed May 26, 2010 4:34 pm Post subject: |
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| Happy the KRW vs Canadian Dollar has stayed the same. |
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buildbyflying
Joined: 01 Sep 2004
Location: To your right. No, your other right.
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| Posted: Wed May 26, 2010 6:32 pm Post subject: |
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| I predict 5mil:1 very soon. I also predict KJI will attack the south in a giant spaceship. |
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banjois
Joined: 14 Nov 2009
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| Posted: Wed May 26, 2010 7:55 pm Post subject: |
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| jvalmer wrote: |
| Happy the KRW vs Canadian Dollar has stayed the same. |
And by stay the same you mean a 6% drop? |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Wed May 26, 2010 8:36 pm Post subject: |
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| banjois wrote: |
| jvalmer wrote: |
| Happy the KRW vs Canadian Dollar has stayed the same. |
And by stay the same you mean a 6% drop? |
I can always wait around for a better exchange. Anyways not concerned and even if I do exchange a few million won now, I'm really not going to miss a few hundred bucks that I wouldn't have drunk away anyways. |
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chellovek
Joined: 29 Feb 2008
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| Posted: Wed May 26, 2010 9:01 pm Post subject: |
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| buildbyflying wrote: |
| I predict 5mil:1 very soon. I also predict KJI will attack the south in a giant spaceship. |
 I was beginning to worry that I was the only one who sees the po-faced slomenity and certainty with which the doom-laden predictions are uttered as being a little silly. |
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Troglodyte
Joined: 06 Dec 2009
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| Posted: Thu May 27, 2010 6:33 am Post subject: |
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| buildbyflying wrote: |
| I predict 5mil:1 very soon. I also predict KJI will attack the south in a giant spaceship. |
Sssshhhhhh! That's classified information. |
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wormholes101
Joined: 11 Mar 2003
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| Posted: Thu May 27, 2010 6:41 am Post subject: |
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| I'm pretty sure that the won will rebound within a few months. It's just panic over the warship incident and Seoul's reaction. |
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mountainous
Joined: 04 Sep 2007
Location: Los Angeles
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| Posted: Thu May 27, 2010 7:37 am Post subject: |
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| actually it doesn't look bad to me, I can remember awhile back it was up around 1400 to 1 USD |
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madoka
Joined: 27 Mar 2008
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| Posted: Thu May 27, 2010 11:02 am Post subject: |
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| mountainous wrote: |
| actually it doesn't look bad to me, I can remember awhile back it was up around 1400 to 1 USD |
In other words, you remember last year? |
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