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Canadian Payment Error

screwy exchange rate

     
3:35 pm on Apr 28, 2006 (gmt 0)

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Any Canadian webmasters receive payment today with a screwed up exchange rate?

Exchange Rate 0.884 : 1

There's no way 1 USD is worth 88 cents Canadian. It's more in the 1.12 neighborhood.

How could they screw that up?

3:38 pm on Apr 28, 2006 (gmt 0)

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Yesterday the market closed at 89 cents Canadian.
3:41 pm on Apr 28, 2006 (gmt 0)

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Hey Brokenbricks,
Mine is messed up too. Looks like they turned the ratio backwards.
3:41 pm on Apr 28, 2006 (gmt 0)

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I can't believe that.
Everywhere I'm checking online doesn't show that.
3:43 pm on Apr 28, 2006 (gmt 0)

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Mines messed too....just sent an email...waiting for response.
3:43 pm on Apr 28, 2006 (gmt 0)

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The person who handles Canadian payment has a serious math problem. Exchange Rate of 0.884 : 1 should be 1 CND = 0.884 USD not the other way around.

Guess all Canadian payments had been calculated wrong.

3:43 pm on Apr 28, 2006 (gmt 0)

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Obviously my source was a poor one.

This is the first time in 10 years I remember ever getting less $ from a US check in Canada.

I guess it's time to go shopping down south.

3:44 pm on Apr 28, 2006 (gmt 0)

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yep same happened to me. I just wrote them to informed them of the error. I got a exchange rate of 0.884:1 instead of the 1.19:1 it should be.

$1 US is currently worth $1.12 Cdn

3:48 pm on Apr 28, 2006 (gmt 0)

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This is getting confusing.
3:49 pm on Apr 28, 2006 (gmt 0)

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Go to the website [xe.com...]
This explains the current exchange rates

[edited by: jatar_k at 5:59 pm (utc) on April 28, 2006]
[edit reason] linked it up [/edit]

3:51 pm on Apr 28, 2006 (gmt 0)

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Exactly, at this second it is 1.12029

Not 0.88 as calculated and paid by Google. That's a mammoth error.

4:00 pm on Apr 28, 2006 (gmt 0)

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Man this is ridiculous...

Amount of Payment in Local Currency - CAD $126.64
Exchange Rate - 0.884 : 1
Payment Amount: - USD $143.22

4:03 pm on Apr 28, 2006 (gmt 0)

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What's with the Canadian dollar? Is the economy that strong, or is it that the U.S economy is that bad?

What will the trend be? A Canadian dollar that is stronger than the U.S?

Just a few years ago the Canadian dollar was 62 cents.

4:07 pm on Apr 28, 2006 (gmt 0)

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A "trend" is irrelevent to this matter...

It's an obvious case of an accounting error

4:18 pm on Apr 28, 2006 (gmt 0)

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1.00 USD = 1.12073 CAD
4:26 pm on Apr 28, 2006 (gmt 0)

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I'm sure most of us experiencing this issue have written Google about it.
As soon as anyone hears back from Google will you inform us all of their solution.

I hope this can get fixed during this pay period.

4:28 pm on Apr 28, 2006 (gmt 0)

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Is it an accounting error if when they sent the payment, the current exchange rate was indeed .88?
4:28 pm on Apr 28, 2006 (gmt 0)

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We have a major problem in Sweden too.

As discussed on a swedish board; instead of exchangerate 7,5 the exchangerate was 0,133. That's 1/57 of what it should be. Seems like it was counted backwards.

5:03 pm on Apr 28, 2006 (gmt 0)

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The Exchange rate for the Euro of 1USD = 0.807 Euro looks ok.
5:03 pm on Apr 28, 2006 (gmt 0)

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hi all,

I'm in vancouver, B.C and my exchange is backwards as well. can you tell me who (email address) I would have to contact about this?

5:05 pm on Apr 28, 2006 (gmt 0)

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According to XE calculations:
if you earn 100 USD you should get appx. 117 CAD.
5:11 pm on Apr 28, 2006 (gmt 0)

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Same problem here, and it happened to a friend of mine as well.
5:13 pm on Apr 28, 2006 (gmt 0)

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Seem like that same happened to all the Swedish publishers, a number of people reporting the same on a Swedish forum.

"0,133 : 1" Instead of 7,35 : 1

Quite a difference ... I got money for a burger instead of the few hundred bucks.

[edited by: Jim_Westergren at 5:18 pm (utc) on April 28, 2006]

5:13 pm on Apr 28, 2006 (gmt 0)

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I just got a canned reply from Google... should get a direct response shortly.

<snip>

[edited by: martinibuster at 5:22 pm (utc) on April 28, 2006]
[edit reason] TOS [webmasterworld.com] [/edit]

5:22 pm on Apr 28, 2006 (gmt 0)

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Isn't Markus Canadian?

I bet his payment is off by 100k.

5:28 pm on Apr 28, 2006 (gmt 0)

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The Exchange rate for the Euro of 1USD = 0.807 Euro looks ok.

LOL, I can just imagine them trying to claw back money that they had overpaid.
5:40 pm on Apr 28, 2006 (gmt 0)

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can you imagine what a mistake like this will cost them to fix? in case of Canadain cutomers they owe us money but how do you get the extra money already paid to euro publishers? some one is gonna get fired today!
5:57 pm on Apr 28, 2006 (gmt 0)

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@#$@#. We just paid taxes... I was counting on our full amount this month. It hasn't shown up in our bank yet, but the payment details indicate they reversed the exchange rate.

They better not wait 'til next month to settle up the difference. The exchange rate fluctuates too much.

5:59 pm on Apr 28, 2006 (gmt 0)

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Problem with my danish account to. exchange rate of 0,166:1 - should have been aprox 6:1

I hope it don't affect the actual payout.

6:46 pm on Apr 28, 2006 (gmt 0)

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has anybody contacted Google regarding this problem yet?
This 86 message thread spans 3 pages: 86