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Author Topic: The value of the Won  (Read 339 times)

Offline ltisdale

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The value of the Won
« on: October 05, 2011, 11:30:46 am »
I know the value of the Won is decreasing. Someone has told me that it's increasing but I was watching CNN Korea (where I am located) and while I don't understand Hungul that well it seems as if it is still decreasing until 2014. Any news on this?
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Online lotte world

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Re: The value of the Won
« Reply #1 on: October 05, 2011, 11:34:18 am »
It's all speculation.  No-one knows what will happen.

A weak Won is good for exports, so some parties have a vested interest in keeping it that way.
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Offline Artist Formerly Known as Moderator Jason

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Re: The value of the Won
« Reply #2 on: October 05, 2011, 09:30:18 pm »
If you look at the history of it, you can notice the won weakens around Christmas time.  Probably artificial weakening so they can sell their stuff for cheaper in other countries.
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Offline placheckia

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Re: The value of the Won
« Reply #3 on: October 06, 2011, 10:38:22 am »
It figures the value of the won is predicted to go down right around the time I'll be getting a paycheck here... grrr... hopefully it won't go down too much and mess up sending $ home for student loan payments...
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