|AdSense Canadian Dollar Exchange Rate incorrect (Sept 2011)?|
Did anyone else from Canada receive their EFT today for Google AdSense, and see the exchange rate that was used?
They used an exchange rate of $1 USD = $0.977 Canadian dollars, and so if your earnings were $1000 USD, the EFT was for $977 Canadian.
However, the actual exchange rate in the market lately has been the other way around, i.e. $1 Canadian = 0.977 USD, or alternatively $1 USD = $1.0235 Canadian. So, US $1,000 should have converted into $1,023.50. The Canadian dollar had been trading above par for several months, but is definitely below par again.
You can see the current exchange rate at www.xe.com or similar sites.
They've done this before, using the inverse instead of the proper exchange rate......this is a 5% difference, which is fairly significant.
I wonder if Australians had the same issue?
I'm paid in CAD and I was also converted at 0.977. This is the first time my attention has been drawn to it.
After poking around I realize I have seen this before - an email from Adsense from March 29, 2010 apologizing for using the wrong exchange rate - it was later corrected. I assume we'll see another one of these soon, if not I'll raise it in the Adsense forum.
AFAIK, they use the rate on 15th of the month, deadline for the payment preference; or during the first week, when payments are finalized. Not sure which, but looks like the second: [xe.com...]
As far as I can remember applied exchange rates have been favorable for me, for the publisher. I was a bit surprised with today's rate, though.
I noticed a similar difference of about 5% from the expected. That's for EFT in Hungary and Hungarian Forints.
"I'm paid in CAD and I was also converted at 0.977"
I'm unsure what happened here. Adsense for quite a long while, converted your income, to your currency.
This is what you get. No arguments, no discussions.
You SHOULD have received what was the balance of your account.
|"I wonder if Australians had the same issue?" |
All my earnings, since way back when, have been reported in $A.
That is precisely what I receive in the bank every month.
Wonder what AdSense make out of the current volatile variations given the $billions of turnover?
Much more than their commission off us.
From a Google Employee: "Our financial team has doublechecked the financial exchange rate and has verified that it is correct. They established the rate towards the beginning of May." They use the rate of the day the payments are finalized.
That is an old thread levo, not sure if it is related to this topic.
The exchange rate fluctuated between 0.98 and 0.99 for most of August then jumped to 1.02 a week or so ago.
So yes, I think there was an error - for about the fourth time.
Usually the rate is quite fair so I guess we can't complain. Maybe they'll make it up to us on the next payment.
Google uses the exchange rate of the day payments are finalized, which is usually the first couple days of the month, and that old thread is just another example.