Wednesday, March 19, 2008

Exchange rates

Right now the exchange is 1,000 Korean won for .982 U.S. dollars. I am not sending that much money home right now, but it still will hurt me a little bit. I have been use to getting over a dollar and then some for 1,000 won. Usually, I end up sending a 1,000,000 won at time back to the states. I was getting over a 1,000 U.S. dollars and was able to cover the fees for sending money with the extra. Now, It won't be that way! I am hoping that there will be a turn around before Jaeyoun and I send all of our savings back next year. For the past few weeks, I have been trying to figure out how much we are going to be able to save. I am gonna have to stop doing that and just wait and figure out what the rate will be, or at least just concentrate on how much won we can save. As I was typing it just went up to .983 dollars maybe that is a sign that it will continue to go back up, but I won't hold my breath!

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