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"Wit beyond measure is man's greatest treasure."
Saturday, September 27, 2003
Rising Sun, Sinking Hiro
I feel like I keep losing money... In the past couple of weeks, Japanese yen has been getting more and more expensive. One dollar was 120 yen in early August, but now 1 dollar is 112 yen, expected to be 110 yen in October. Think about it:
Assuming you are making 40K (for calculation purpose only!!) a year and will buy Japanese yen.
When 1 dollar = 120 yen, you can buy 4800K yen.
When 1 dollar = 110 yen, you can buy 4400K yen.
This means you have lost 400,000 yen, which is worth one-month income. I try not to think yen is going up to 100 or mor
I feel like I keep losing money... In the past couple of weeks, Japanese yen has been getting more and more expensive. One dollar was 120 yen in early August, but now 1 dollar is 112 yen, expected to be 110 yen in October. Think about it:
Assuming you are making 40K (for calculation purpose only!!) a year and will buy Japanese yen.
When 1 dollar = 120 yen, you can buy 4800K yen.
When 1 dollar = 110 yen, you can buy 4400K yen.
This means you have lost 400,000 yen, which is worth one-month income. I try not to think yen is going up to 100 or mor
