Hey,I am about to start a job in South Korea around Ocrober 27th. I will be paid in won. I know virtually nothing about currency and how values go up and down. I am curious for everyone's opinions. Since the US will presumably be going through some difficult times economically, does anyone think it will be an advantage/disadvantage to be paid in won over the next 12 months? Why or why not? Sorry for cross posting if anyone cares.
Well, I believe everything is artifically inflated, but I also know Korean investors bought a ton of the crap derivities from the states, so the banking/investment system has exposure in Korea. I think overall being paid in the Won is better in the coming months.
...does anyone think it will be an advantage/disadvantage to be paid in won over the next 12 months?One thing to keep in mind is that it is always a good idea to keep enough money in the same currency as your debts in order to balance them, because you do not want to be caught out if the currencies move against you (which is always a possibility).DB2
The Won is very cheap just now, fantastic for you if you can get paid in Won at a rate that is a good amount of USD at today's exchange rate.
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