I talk money, I talk cash

So if you didn't know, the Korean currency is the won. So to me, the won is important because that's how I can spend money. Generally, $1 = 1,000W. Pretty simple right? The last time I came to Korea (summer 2007), it was about $1 = 900W, not that impressive. Back then the dollars purchasing power was pretty low. 

Now with this economic downturn, the dollar has been getting stronger, so when I was coming to Korea the exchange rate was an impressive $1 = 1400W. But on Friday, the won got even weaker, making it $1 = 1500W, a record. 

From the Korea Times:

The won-dollar exchange rate closed above 1,500 won Friday for the first time in almost three months while the won-yen rate reached a record high due to fresh concerns over the financial crisis.

The Korean won has depreciated nine sessions in a row since Feb. 10 closing at 1,506 won per dollar, down 25 won from its previous close, and the lowest since Nov. 24 last year.

So it's good for me, because then I can purchase more stuff with the same American dollar. But not a good sign for the Korea economy. Which is why I will stimulate by spending! Woo!