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March 2005 AdSense payout -- post your currency exchange rate!

This will help determine if it's better to receive local currency or USD

     
5:08 pm on Apr 26, 2005 (gmt 0)

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Since March 2005 AdSense payments will be made by Google soon (i.e. end of April 2005), I thought it would be good to see what exchange rate is being used to convert from US Dollars to local currency.

If folks who picked that option can post the rate Google used for their currency (e.g. Canadian dollars, Euros, Yen, Pounds, etc.), then the rest of us who are still on the fence can determine whether to keep payouts in US funds, or switch to local currency (i.e. it all depends on whether Google is giving a better exchange rate compared to our banks).

5:18 pm on Apr 26, 2005 (gmt 0)

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Exchange Rate 0.758 : 1 => Dollar to Euro

Not that bad but the dollar is currently at 0.77xx : 1

5:24 pm on Apr 26, 2005 (gmt 0)

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Exchange Rate 0.518 : 1

US Dollar to UK Sterling, that's OK

5:29 pm on Apr 26, 2005 (gmt 0)

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Indian Rupee: 43.09 : 1

The present exchange rate for INR is: 43.5. I think the fx rate offered by Google is satisfactory.

5:30 pm on Apr 26, 2005 (gmt 0)

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I doubt Google will pay a better rate than your local bank. From my experience, you can skip the counter and negotiate a rate with a personal banker if your amount hits certain level (e.g., 20K/30K). (No, I am not in the UPS club, not even close. The experience came from outside of AdSense life)

Plus, consider the large total Google pays out every month, it's not bad to make some extra money out of currency exchange.

BD4RR

5:37 pm on Apr 26, 2005 (gmt 0)

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I doubt Google will pay a better rate than your local bank.

You're obviously not from the UK!

Not only do we have to accept the rate offered by the bank they also charge us for the priviledge of it and can make us wait anywhere from 1-3 weeks before crediting our accounts.

My bank, Barclays, even have the cheek to charge me for being in credit with a US Dollar account.

The rate given by Google into UK Sterling is not that far off money mid-market rates plus it will be in Sterling when it arrives therefore it should be cleared immediately.

5:50 pm on Apr 26, 2005 (gmt 0)

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OptiRex,

You're right. I am from Canada. Here the bank charges a monthly fee for your account, and doesn't hold my USD check, given the amount is less than certain limit.

I think I didn't make my point clear enough. What I trying to say is Google probably pay the same rate as banks, PayPal, etc. If you have a large check come in every month, then it will worth the time and trouble to get USD check , then negotiate a rate with your bank.

BD4RR

5:54 pm on Apr 26, 2005 (gmt 0)

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If Google is using its volume to give us close to mid-market rates, that would be excellent (local currency option would be good in that case). Otherwise, it might be better for me to consolidate several US payments from my other sponsors into 1 big conversion that I do myself, to get the best rate possible.
5:57 pm on Apr 26, 2005 (gmt 0)

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Is there any indication when the conversion was made? Currencies float, so we need to know what day's figures Google are basing the exchange rate on.
7:31 pm on Apr 26, 2005 (gmt 0)

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AUD1.273 : USD1

My banks current sell price for USD is 1.286, given the way currency fluctuates, it seems perfectly reasonable to me.

12:34 am on Apr 28, 2005 (gmt 0)

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Anyone get paid in Canadian dollars, who can report their rate?
1:08 am on Apr 28, 2005 (gmt 0)

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Someone mentioned that USD to Canadian dollar rate is 1.231:1.
4:16 am on Apr 28, 2005 (gmt 0)

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You guys might want to looking into a private currency converter (a professional business one, not an airport-style one). We used to use TD Bank's rate here in Canada for years, negotiating with the branch manager for a better rate on smaller sums, but then discovered that there's a whole market in companies that do this for a living: beating the banks at their own game. On larger sums the difference between the bank's best rate and their best rate can work into hundreds or even thousands of dollars.

Of course, it involves opening a US-funds account, storing up funds until the rates are good, then using transfers or cheques to take US out and deposit Canadian back (to a different account of course).

5:29 am on Apr 28, 2005 (gmt 0)

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I got 1.231:1 for Canada, and Google's EFT showed up in my account sometime between 8pm and 1am. A local currency house quoted me a worse rate than 1.231:1 but I understand the rate was volatile today, so that might just have been timing.
6:11 am on Apr 28, 2005 (gmt 0)

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I am very concerned about this as there is no where in AS to change back to US$, and I want to change back.
6:23 am on Apr 28, 2005 (gmt 0)

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Visit Thailand - In your account, click edit beside the payment details then click continue, you will see there "check will be made out in" - choose the currency. Then save.
6:58 am on Apr 28, 2005 (gmt 0)

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Thanks thegreatpretender. Had been to My Account, Payment Details, Edit many times but had missed the continue button!

Don't see why they could not put both options on one page. Anyway fixed now back to US$.

7:16 am on Apr 28, 2005 (gmt 0)

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Indian Rupee: 43.09 : 1

Wow, it was about 31 : 1 when I was there in '95.

I thought it would be up with all the outsourcing instead of lower.

At least the chicken tikka is still good :)

11:29 am on Apr 28, 2005 (gmt 0)

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1.231 for Canada is ok, but not great, unless they converted it on the worst possible day in the last 1/2 of April:

[finance.yahoo.com...]

If it got converted on that day where the exchange rate dipped, then 1.231 is great (within 0.5% of mid-market).

I'm going to keep things in US dollars again next month, and see how we do. If someone at Google wants to share the true spreads for the top currencies, that would be ideal.

1:28 pm on Apr 28, 2005 (gmt 0)

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Wow, it was about 31 : 1 when I was there in '95.

It almost touched 50:1 last year. Decrease in rupee value aginst dollar is a big problem for people like me and outsourcing companies. We want even more rupees for dollar.

At least the chicken tikka is still good :)

Which city you have been to in India? Next time if you come to Hyderabad in India, do not miss Hyderabadi Chicken Biriyani...It is really good :).

6:23 am on Apr 29, 2005 (gmt 0)

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UK sterling here.
deposited into HSBC

One pound is worth USD$1.9247

7:12 am on Apr 29, 2005 (gmt 0)

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I usually get paid by my clients in US dollars deposited in my account in the US, and pay myself by withdrawing it at an ATM here in Canada. Because my bank won't accept a wire transfer order via fax, this is faster and cheaper than expressing a wire transfer order.

I have only recently been able to get more than 1.2 CAD for a US dollar. My bank in the US limits my ATM transactions to USD $300, so the amount I get to withdraw here goes up and down, always in increments of CAD $20. For quite a long time, I could only take out $340. Just recently I have been able to take out $360.

Next week I'm expecting to open a business account here in Canada, which will be a hell of a lot more convenient, and allow me to write myself a proper paycheck. But I had intended only to have a Canadian dollar account. Would I do well to also have a US dollar account too, to be able to choose when to convert?

7:36 am on Apr 29, 2005 (gmt 0)

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One pound is worth USD$1.9247

GerBot, Thats the exchange rate you got for EFT?

10:14 pm on Apr 29, 2005 (gmt 0)

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Michael: Yes, probably best to have both US and Canadian dollar accounts. However, the downside is that the accounting becomes a little bit trickier, as you have to keep track of the multiple currencies.
10:35 am on Apr 30, 2005 (gmt 0)

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hi im in the uk but my adsense shows my money in us dollars is it possbile to change that? to british sterling?
10:46 am on Apr 30, 2005 (gmt 0)

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Google: 0,766 EUR per $

local bank

BA-CA: 0,76 EUR and fees

12:22 pm on Apr 30, 2005 (gmt 0)

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Yeah, Google says EUR 0.766 = USD 1 here too (not very surprising, I guess).
12:48 pm on Apr 30, 2005 (gmt 0)

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1 USD = 0.52 GBP

It's gone way done since I started using Adsense. It used to be something like 1 : 0.59! What if the dollar keeps going down :( Less money...

2:55 pm on Apr 30, 2005 (gmt 0)

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One pound is worth USD$1.9247

That's the rate I got also (if you think the other way round, it's 0.51956 GBP per USD). The EFT arrived on friday 29th. Good enough rate, a little better than my bank.