grungy-gonads 54 Posted July 11, 2011 Share Posted July 11, 2011 Correct. Link to post Share on other sites
HelperElfMissy 42 Posted July 16, 2011 Share Posted July 16, 2011 I thought the conversion from $ to Yen was scary - the Korean Won is worth NOTHING!!! Poor kid will need a wheelbarrow for his wallet Link to post Share on other sites
brit-gob 9 Posted August 9, 2011 Share Posted August 9, 2011 GBP around 125 yen today Link to post Share on other sites
brit-gob 9 Posted August 9, 2011 Share Posted August 9, 2011 USD around 78 yen Link to post Share on other sites
ippy 66 Posted August 9, 2011 Share Posted August 9, 2011 the yen is kicking the wons ass at the moment :| Bad for me since i just bit the bullet (probably at its peak) and switched out 5 million won for 350,000 yen. Ive still got 2-3 million left to change over (not including my severance bonus (about 1.8mill), my final months wage(about 1.3mill), my deposit (600,000won), and the sale of my airobic, quiver killer and freebord (650k). So hopefully it might push me slightly above the 6-700,000 mark for japan next week I just need the won to rally a bit then it can do whatever the hell it likes Link to post Share on other sites
Fonty 1 Posted August 9, 2011 Share Posted August 9, 2011 Won't be changing any AUD to Yen in a hurry. Gone from 87 to 77 in the last month. Link to post Share on other sites
HelperElfMissy 42 Posted August 10, 2011 Share Posted August 10, 2011 Yes - feeling that too Fonty. I have been umming and ahhing about swapping some over and didn't. Might regret that. Link to post Share on other sites
Ezorisu 0 Posted August 10, 2011 Share Posted August 10, 2011 Wonder which way things will sway with all the market volatility in recent days? Link to post Share on other sites
gnarly-dude 1 Posted August 11, 2011 Share Posted August 11, 2011 Wish I knew, for sure! Link to post Share on other sites
HelperElfMissy 42 Posted August 11, 2011 Share Posted August 11, 2011 Hard to tell - too many factors that I totally don't understand Link to post Share on other sites
pie-eater 207 Posted August 11, 2011 Share Posted August 11, 2011 I understand none of the factors. I should ask me dad, he's good at this kind of thing Link to post Share on other sites
norcal 5 Posted August 11, 2011 Share Posted August 11, 2011 USD reached a low of 75 last week, went back up to 77 then hit 76 as of yesterday. Looks to drop a bit more soon Link to post Share on other sites
brit-gob 9 Posted August 11, 2011 Share Posted August 11, 2011 GBP around 124. I really wish I had a big chunk to send over there right now. Link to post Share on other sites
JA2340 16 Posted August 12, 2011 Share Posted August 12, 2011 And, with all the crap around in the US, why is the AUD doing so poorly? Surely the strong position Aus is in vis-a vis the US and AUD should be going gang-busters! But it ain't! Me no unnerstand too! Link to post Share on other sites
Tex 3 Posted August 12, 2011 Share Posted August 12, 2011 Repatriation of funds JA, or maybe going to gold, more carry trade shenanigans and suspected lowering of our interest rates. 'Safer harbours' for the wary I suspect. Link to post Share on other sites
HelperElfMissy 42 Posted August 12, 2011 Share Posted August 12, 2011 I had trouble getting my head around it also JA. But apparently heaps of variables - NONE of them to do with our economy going good or bad. Things like foreign buyers of the AUD to invest here because our interest is higher - falling rates, or higher interest elsewhere...they pull out sell off and bail (AUD falls again) Link to post Share on other sites
foreversnow 5 Posted August 12, 2011 Share Posted August 12, 2011 For once we came out a little ahead - we bought some yen at 84c and decided to wait and get the rest closer to the trip in case it went up. So at worst we will have some yen at a good price. We also paid for our accomodation before the Yen dropped. Phew Link to post Share on other sites
Fonty 1 Posted August 12, 2011 Share Posted August 12, 2011 You are lucky! Our budget has been blown! Link to post Share on other sites
Tex 3 Posted August 12, 2011 Share Posted August 12, 2011 Long way to go yet if you are travelling in winter and not committed to paying now. Link to post Share on other sites
Fonty 1 Posted August 12, 2011 Share Posted August 12, 2011 Not committed yet Keeping my fingers crossed Link to post Share on other sites
surfarthur 22 Posted August 13, 2011 Share Posted August 13, 2011 I am still hoping the rates will swing back more in favour of the AUD, else my budget will be very tight, should be doable still though, having already booked for Furano and Rusutsu in Jan, I will just have to do a bit of extra overtime between now and then if the rates don't improve. I would be absolutely gutted if I had to cancel our trip. Link to post Share on other sites
HelperElfMissy 42 Posted August 13, 2011 Share Posted August 13, 2011 God! That is the LAST thing Japan needs! The feeling I am getting around here is that people who were cautious and possibly not going to go this season after the disaster, are now getting close to booking. If the exchange rate continues to favour the Aussie (and I expect the same for other currencies/nations) then there could be a decent season with later than usual bookings rushes. However if the rates tank, and people decide NOT to travel - wow, another harsh blow for Japan! Link to post Share on other sites
sand 17 Posted August 13, 2011 Share Posted August 13, 2011 I wonder how much of the international snow sports tourist yen is seen by businesses that actually reinvest that money back into Japan's economy, and what percentage ends up off shore due to foreign owned interests? Link to post Share on other sites
NoFakie 45 Posted August 13, 2011 Share Posted August 13, 2011 Originally Posted By: sand I wonder how much of the international snow sports tourist yen is seen by businesses that actually reinvest that money back into Japan's economy, and what percentage ends up off shore due to foreign owned interests? I guess the main one would be for people to not book through overseas-based/registered agents. Very little if any of their cut will go into Japan itself. Book direct or through companies licensed and paid up as travel agents in Japan. Link to post Share on other sites
Go Native 70 Posted August 13, 2011 Share Posted August 13, 2011 Originally Posted By: sand I wonder how much of the international snow sports tourist yen is seen by businesses that actually reinvest that money back into Japan's economy, and what percentage ends up off shore due to foreign owned interests? Personally I don't think it matters that much. Japan needs investment to stimulate the economy and jobs growth. It shouldn't really matter where that investment comes from. Even companies that send money back out of Japan create jobs and pay taxes. Bringing in more tourists to a region generally helps the region as a whole as well, reinvigourating local businesses and creating more local jobs. Just because something is foreign owned doesn't mean there won't be plenty of beneficial flow on effects for the local economy. Link to post Share on other sites
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