Rapidly Changing Exchange Rate
I've been waiting for this September to come - to get my new phone, iPhone 14 Pro. As the rumours about the price spread, more and more people assumed that the price for this new phone in Korea would be much higher than the previous ones. When the official price was posted, this worry about the cost became true. Although the price in USD remained the same as last year's iPhone 13 series, it increased by an average of 190,000 KRW. The problem behind this was the weakening of KRW. Since I bought my phone directly from the U.S., with my mom's USD card, I wasn't hugely affected by the increase in price but I see people around me still having conflicts about whether to buy this new iPhone series or not due to the price. I've been hearing the news from my parents and on social media about KRW weakening consistently. In other words, the KRW exchange rate has been increasing and now, it has reached 1,400 KRW. 2009 was the last time when the exchange rate increased above 1...