Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Wednesday, November 19, 2008

AUD & KRW Currency Play

From recent peak, AUD currency has drop by 30% while KRW has drop by 28%. GBP also has fallen 28%. Time to buy...?
I think commodity currencies AUD, BRR will descend further and so will export currency KRW. Hold your horses just a bit longer..
Approximate Rate: 1 AUD = 2.3 MYR, 1000KRW = 2.5MYR

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