Dollar Weakening

[Pravasi Bharatiya Korea]

Hi All,

The Dollar is getting weaker & weaker. Does anybofy have any idea how to deal with this isssue . Especially for NRI Indians who want to save money to send to India??

[Pravasi Bharatiya Korea]

Yes. It is weakening very sharply..

Anybody has any solution....

[pmpkhardi]

I dont think we need to worry much see my analysis

If we take analysis of last two year the 1 rs varies between 23-20.5 won.

for smaller window of may 2007 to sep 2007 rs and won fluctuation is by just 0.5 won.....it mean it varied from 22.75 to 23.25 won....

you can see the INR vs won variation at

http://finance.yahoo.com/currency/convert?from=INR&to=KRW&amt=1&t=2y

so you will hardly loose any money...however the transaction amount may increase slightly....which is also quite negligible...

[Pravasi Bharatiya Korea]

Yaa your are correct however the problem is I got salary in Dollars last year.Which is big problem for me now.

Bala

[Pratik]

SO it is the same thing As while transferring won we have to consider that we have to buy Dollars out of WON. And then transfer DOllars to Rupees.

Pratik.