British: Post your AdSense EFT Exchange Rate

Forum Moderators: martinibuster

Message Too Old, No Replies

British: Post your AdSense EFT Exchange Rate

I'm curious about whether this is the same for all of us or varies

level80

3:37 pm on Jan 5, 2006 (gmt 0)

Mine is:-

Date: 23-Dec-2005
Exchange Rate 0.573 : 1

Ossifer

3:42 pm on Jan 5, 2006 (gmt 0)

Same for me - same date.

percentages

4:05 pm on Jan 5, 2006 (gmt 0)

For me it varies. I have Google pay me in the UK, but in USD, which I pay into a UK bank (Bank Of Scotland) with a USD account attached.

When the exchange rate is favorable I either move the money to a Sterling account or another International location I consider good at that time.

If your timing is good you can make 20%+ extra a year just by holding the money in USD in the UK for various periods.

If I converted on the date you provided then your exchange rate sounds spot on, so everything is kosher per se! Not necessarily the best way to maximize your earning though!

wheelie34

4:12 pm on Jan 5, 2006 (gmt 0)

0.573 : 1 EFT UK

level80

4:14 pm on Jan 5, 2006 (gmt 0)

If your timing is good you can make 20%+ extra a year just by holding the money in USD in the UK for various periods.

I used to do this with the cheques, however speculating on currencies is not good for my blood pressure as they go down as well as up. ;)

cleanup

4:15 pm on Jan 5, 2006 (gmt 0)

Date: 23-Dec-2005
Exchange Rate 0.573 : 1

Would not surprise me to see different spot rates though on any one day. They would be foolish not to allow for the possibility at least, for volatile days etc.

[edited by: cleanup at 4:16 pm (utc) on Jan. 5, 2006]

level80

4:15 pm on Jan 5, 2006 (gmt 0)

Well this has been interesting and I've come to two conclusions:-

1) Google is EFTing everyone in a particular country on the same day (even if these payments may then take a while to clear through the banking system).

2) They're using the same exchange rate for everyone (not varying it by amount, bank etc) which seems fair.

I'll know calculate the spread. ;)

level80

4:20 pm on Jan 5, 2006 (gmt 0)

A spread of about 1% is being charged to Google by the bank - eg we lose 1% of our money goes to a bank if we do it by EFT into our home currency. I would've thought that Google would get better value than this considering the size of the UK Adsense operation. *shrugs* I'll pen them an email.