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No need to panic regarding currency

 
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alinkorea



Joined: 02 May 2005

PostPosted: Tue Oct 10, 2006 7:24 pm    Post subject: No need to panic regarding currency Reply with quote

To those prophecizing doom for the Korean Won in the wake of the nuclear tests: relax. After a minor hit, the Won has stabilized. Many major financial analysist are predicting business as usual. For example 'The Financial Times' and 'Bloomberg.'
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4 months left



Joined: 07 Feb 2003

PostPosted: Tue Oct 10, 2006 7:28 pm    Post subject: Reply with quote

Sent some cash back this morning, was almost exactly the same exchange rate as when I sent in Aug. (CAD $)
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Jarome_Turner



Joined: 10 Sep 2004

PostPosted: Tue Oct 10, 2006 9:28 pm    Post subject: Reply with quote

It's pretty much returned to its regular form after the drop on Monday. Check it out (as compared to the CAD):

http://ca.finance.yahoo.com/currency/convert?from=KRW&to=CAD&amt=1000&t=5d
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Junior



Joined: 18 Nov 2005
Location: the eye

PostPosted: Tue Oct 10, 2006 9:36 pm    Post subject: Reply with quote

So how much did all the knee jerk reactionaries here lose in conversion to greenbacks these past 2 days?

And how much more will they skim off when you change them back into won? Laughing
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