http://finance.google.com/finance?q=USDKRW
It's crazy... The Dollar/Won ratio just broke 1,400 Won per dollar.
When we came 2 months ago the dollar was 1,063 Won per dollar. So basically the money
I make here is now worth 40% less than it was before when I send it home. It takes 40% more won to buy one dollar. So, I send home 2,000,000 won (which ideally should be $2,000) and I only will have about $1,500. This makes paying off debt and sending money home a lot harder. :(
We'll see, I'm sure it will get a little better before we leave, but will it get better in time for us to pay our bills in the US without loosing a lot of money in the process? Let's keep hoping for a speedy won recovery. The dollar is doing better, but until the Won catches up, it's only good if you're trying to send money to ME, not the other way around.... And feel free to do the former :)
-Chad
It's crazy... The Dollar/Won ratio just broke 1,400 Won per dollar.
When we came 2 months ago the dollar was 1,063 Won per dollar. So basically the money
I make here is now worth 40% less than it was before when I send it home. It takes 40% more won to buy one dollar. So, I send home 2,000,000 won (which ideally should be $2,000) and I only will have about $1,500. This makes paying off debt and sending money home a lot harder. :(
We'll see, I'm sure it will get a little better before we leave, but will it get better in time for us to pay our bills in the US without loosing a lot of money in the process? Let's keep hoping for a speedy won recovery. The dollar is doing better, but until the Won catches up, it's only good if you're trying to send money to ME, not the other way around.... And feel free to do the former :)
-Chad
