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bliss
Joined: 24 Sep 2007
Location: Gyeonggi
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 Posted: Thu Apr 21, 2011 8:29 pm Post subject: WE POOR KIWIS |
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Has anyone actually analysed the exchange rate of the NZ$ to KRW, long-term?
Take a look over 5 years:
http://finance.yahoo.com/q/bc?s=KRWNZD=X&t=5y&l=on&z=m&q=l&c=
I heard the minimum wage in NZ is $13/hr now... it almost seems attractive.
Sux aye! |
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Koreadays
Joined: 20 May 2008
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| Posted: Thu Apr 21, 2011 10:48 pm Post subject: Re: WE POOR KIWIS |
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yep.. the kiwi dollar is strong... 13 bucks minimum wage.. someone with a degree should get at least 15-18 dollars an hour easily. most people I know are on 22 bucks an hour in NZ.
but it all comes back to the debate of savings , taxes, free housing, privates, blar blar blar blar.
I don't know about you guys but If I could make 30bucks an hour back home. I would be GONE in a heart beat. |
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PigeonFart
Joined: 27 Apr 2006
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| Posted: Fri Apr 22, 2011 1:33 am Post subject: |
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| You could view this in a positive way. Now could be a good time to transfer NZD into Korea. The KRW is expected to gain in strength over the next year. Keep it in Korea and when it returns (if) to the level it was a few years ago, you could then transfer money back to NZ, thus making a potential 10 or 20% profit. |
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