Canadian Exchange Rate

Google taking an extra 2%?

[Leonard0]

This month's payment shows a difference of more than 3 % points under the Bank of Canada exchange rate (1.061 paid vs 1.099 BoC).
Other months it has been only about 1 point less than the official rate (pretty good considering banks typically take 2% points off the official rate).
Maybe its another exchange rate error, or else they changed banks because of last month's mess-up.
It sure hurts when added to the fact that the rate has dropped from 1.25 a year ago.
Any other Canadian publishers notice this discrepancy?

[webdudek]

why don't you open a bank account in the US, and ask G to transfer your money to this account?
It seems like they will keep doing such mistakes.
Make it simple for you and for them.

[GeorgeK]

For myself, the exchange rate used was 1.1106806.

The money was received in my account today, May 30, although the PIP was on May 26.

From [bankofcanada.ca...] the latest few days of rates (noon and high) were:

May 25: 1.1073 (noon) / 1.1167 (high)
May 26: 1.1073 / 1.1112
May 29: 1.1050 / 1.1057
May 30: 1.0996 / (not available, as day isn't over yet)

To me, it looks like the spread wasn't 2%+. Indeed, I got a better rate than would be expected (i.e. the above rates are all lower than the actual rate I received, except if you used the HIGH on May 25 or May 26, and even then, the spread is tight).

[solinent]

My exchange rate was 1.105

Weird.

[jomaxx]

You generally get a better rate the larger the amount. Leonard0, can you give us an idea of the amount involved?

[Leonard0]

Oops, my bad.
I should have waited until the PIP changed to Paid.
Instead, I mistakenly checked the previous month's payment in my bank account against the amount of the latest payment in US funds.
My rate for this payment is 1.111 which is actually a bit higher than the Bank of Canada rate.
My apologies to Google.