Google Must Use Currency Hedges

I hadn't noticed before

[guru5571]

Not sure if this is old news or if it's been discussed before. I used to think that Google paid out at going forex rates then after a while found this wasn't right when my payments were slightly off and so I figured that commissions or fees were being taken somewhere along the line.

Well I see a big discrepancy this time (in my favour) and it could be chocked up to currency hedging by G. I get paid in GBP and the exhange rate is currently roughly 1.00 GBP = 1.84 USD. I calculate the rate of conversion of my payment to be around 1.00 GBP = 1.79 USD.

That's a 5 cent difference and it adds up (quite nicely $$$;)

One other possibility is that the currency exchange actually takes place the week before, sometime around when payment in progress is showing. The reason I think it is one of these possibilities is because the dollar has been beaten down massively in the past week. Ordinarily it doesn't crash like this and so trying to discern this would be a lot harder.

[greedy player]

maybe it takes place when Earnings are calculated :)