I was in Korea from 95-98 and remember when that hit. When I first went there, the rate was something like 750-800 Won x Dollar. In late '97 in a matter of weeks it shot up to something like 14-1500 Won x Dollar. For those of us that got paid by Uncle Sam, it was like the whole economy was on sale for 50% off.
Yeah Joe...I remember those days. And for those of us doing business with Korean company’s and clients...it was like a long long funeral. They have a lot of uncertainty in their house. They are always doing a major job of ‘house-cleaning’ of their gov’t and big corporate execs. Its a bear.
Yeah, but for those of us living on the Korean economy, it really hurt trying to send $$ home to the States (to star paying off my student loans).
I was in Spain during the 80’s and sort of lived like King Juan Carlos. Three day weekend? Boom already scheduled Sleeper train to Alicante and hotel reservations in Benidorm.