A few months ago, I mentioned that the US dollar vs the Korean Won was dropping like a stone. I suggested folks back home send me their dollars and after the value dropped further I would send them back, more in number than before due to the falling exchange rate.

It’s a good thing no one took me up on that. You’d have lost money. Back then, the dollar was close to 900 Won.  It was great when I went back home in February because I got more dollars than equivalent spending-value of Won. These days, that isn’t the case. Although the dollar is still dropping like a stone compared to the Euro, the Korean Won is losing value to the dollar. Go figure. One of Korea’s biggest trading partners is the US. If their value goes down, so does the Won. As of today, it stands at 997 Won to the dollar.

Just to put some real numbers to it, when I came home in February, I had  4.9million Won that translated in US$5300.  If I made the same trip today my Won would only get me US$4914. I’d lose almost $400 dollars.

Ergo, the title of this post. I’m a geek and I can fix your computers (I fixed several while on that trip) but I obviously know little about high finance.