Currency exchange rate! Can someone explain the currency rate and how can anyone benefit from it?
Ncarolina K asked:
I am a business owner and interested in globalization and international affairs. How can i benefit from getting goods from overseas? If one dollar equals almost one thousand korean dollars(won), does that mean that milk there cost four thousand WON? Its confusing me, please help.
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I am a business owner and interested in globalization and international affairs. How can i benefit from getting goods from overseas? If one dollar equals almost one thousand korean dollars(won), does that mean that milk there cost four thousand WON? Its confusing me, please help.
November 19th, 2009 at 8:53 am
You’ve got it right.
And if the cost of the dollar continues to drop the way it’s going it then will cost less for the korean milk.
If it drops to 800 won then the milk costs 3200 won. abaer01