Good Money News For Americans In Korea

It looks like our won will have more buying power against the dollar soon. That doesn't do a thing for people just now coming to Korea, but it's great for those of us who live here. The closer $1 gets to 1,000 won means we stand to make more money every time we transfer cash home.

Right now, $1 equals about 1,119 won.

According to The Korea Times story:

'The won closed at 1,119.8 won per greenback Monday, gaining 10.7 won from the previous day. It was the won's strongest level since Sept. 22, 2008, when it traded at 1,117 won. It has fallen 44.7 won from 1,164.5 won on Dec.31.'

Keep climbing, won. I can wait a bit more to send some cash home. I don't mind an extra bump thanks to international markets.