Currency trading has never been my game and I'm sure many people have interesting stories to tell form bad investments. However my relationship with the Korean won has never been a happy one. Take a look at this graph.
http://newsvote.bbc.co.uk/2/shared/fds/hi/business/market_data/currency/11/40382/twelve_month.stm
I left Korea in October with my final salary and severance pay in hand. The won was at an all year high with the pound and dollar so i decided to wait a few weeks because it couldn't possibly get worse. As you can see it continue to tumble and I regrettably change my pay into pound for a loss of about 400 quid on the 12 week average. Just before I came back to Korea for the first time the won made a miraculous recovery and the pound hit rock bottom against the euro and the dollar. I was disappointed at getting a poor exchange rate for my spending money but at least my salary would be much greater than expected with this new rate. Wrong! One week before my first pay day and the won has slipped again, meaning through no fault of my own ( I did the sums) I am about to lose 138 pound. That's 3 weeks Job Seekers Allowance right there.
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christ kev u r a bloody mump!
ReplyDeletesorry i do sympathise with u losing money but can u not put at least one positive post in here rather than all this mumpin :-)
ReplyDeleteHa, ok I'll try but no promises.
ReplyDeleteha
ReplyDeletehaha, it's back to normal and i get paid tomorrow!
ReplyDelete