Thursday, October 09, 2008

The Won is Crap

Looks like I got out of Korea just in time. The Korean Won, which during the 2 years I lived there fluctuated between 1100 and 900 to the dollar, has nosedived lately because of all the financial mess and as of the last time I checked xe.com (today) is worth about 1450 to $1.

That more or less means were I still working there, my salary would be worth about 50 % less than it once was, at least back home in the states. Thank you China!, for your relatively strong currency and interventionist policies that prevent free-floating disasters like what's happening in South Korea.

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