Forum Moderators: martinibuster
Big difference if you earn so much from Adsense ads. EX. if you earn $4000 in adsense, your conversion will be $4720 at 1.185 rate. But if you calculate with 1.25 rate, the conversion is $5000. So you lose almost $280. That's huge!
Im surprised, AS used to have a good competitive dollar conversion rate. Now their rate is even worse than the bank!
They must set that rate based on a specific day this month, it must have been last week sometime ;-)
India got a 1:1 exchange rate this month, be glad you didn't get that! I doubt G will do anything over a few percentage points, I'm just going to accept this... although I may switch to cheque payments so I can get the better rate from the bank if they do this again next month...
When I used to cash the cheques at my bank, I would always get a lower rate there as well (but not this bad). I'm tired of getting short-changed!
Isn't the exchange rate -the- -exchange- -rate- ? How can it vary depending on who's processing?
anyone know what's going on?
Cashflow management? After all, we're in the middle of a global financial crisis.
I do hope that enough of us complain adsense will listen... then again I still believe in the tooth fairy...
But cutting us out of a favororable exchange rate doesn't change their out of pocket expense anyway...
Doesn't really make sense...
[finance.google.com...] (Google)
yahoo finance [finance.yahoo.com]
Since the payment date was October 28, the *worst* rate of that date was 1.27, and intra-day it was almost as high as 1.30.
[edited by: jatar_k at 6:04 pm (utc) on Oct. 30, 2008]
[edit reason] fixed sidescroll [/edit]
Consider this, month on month:
Payment made 28/8/2008 Exchange rate 1.165 (Oanda) 1.168 (Google) - Diff 0.003 in Google's favour
Payment made 26/9/2008 Exchange rate 1.194 (Oanda) 1.187 (Google) - Diff 0.007 to Oanda by a tad, I can live with that.
Payment made 28/10/2008 Exchange rate 1.634 (Oanda) 1.487 (Google) - Diff 0.147 to Oanda not happy!
Even taking into account the rate Google gets may not be the equiv to the interbank rate quoted by Oanda, you would nevertheless expect them to be off by a similar amount each month.
[edited to correct rates]
[edited by: stuartmcdonald at 3:07 pm (utc) on Oct. 29, 2008]
Let us know what you find out!
Canadian AdSense Payment Issued with Incorrect Exchange Rate
[webmasterworld.com...]
"Yes, I'm finally seeing a payment in progress for what appears to be the balance of the month end's payment due as a result of an incorrect exchange rate. And the amount looks correct. Didn't take out my calculator and figure it out to the penny but it looks close enough for rock n' roll."
I suspect it's another glitch. Google would lose a lot of respect and good will for shady dealings with exchange rates. Choosing the lowest exchange rate of the month will anger a lot of people including those who aren't publishers. It may even be illegal.
p/g
The Canadian exchange rate that Adsense set was 1.185 which is quite low. The real Canadian exchange rate in the last few days (even now) is at around 1.25.
Exchange rate applies at the time of the transaction. Using your logic, if I bought a pair of shoes from the States that were made in 1970, I should be paying whatever the rate was back then?
Google's own text that appears right below my payment info:
"Payments are converted to local currency at the prevailing rate at time of payment processing."
[edited by: gunface at 10:15 pm (utc) on Oct. 29, 2008]
I'm interested to hear the response to GeorgeK. I speculate that their response is going to be either a "glitch" or "we base the exchange rate on the day we authorize the release of funds" or something to that effect... which could have been last week, two weeks ago, etc. I suspect the latter is the reason for the lower exchange rate.
"Payments are converted to local currency at the prevailing rate at time of payment processing."
Well there's our answer. It's simple, Google submitted our payment to the bank last week at the lower rate ;-) We'll that's my guess, now we wait...
Google's own text that appears right below my payment info:
"Payments are converted to local currency at the prevailing rate at time of payment processing."
Exchange rate applies at the time of the transaction. Using your logic, if I bought a pair of shoes from the States that were made in 1970, I should be paying whatever the rate was back then?
The rate did drop a couple of % later today, but at the time of issue, if I had their check in my hand I would have gotten 26% from the bank. A huge difference.
Here's the rates I use:
[tdcommercialbanking.com...]
The second column under US BORDERLESS PLAN is what I always receive when selling U.S. checks.
Even after today's huge drop (or gain), we still should have received more. And it was about 4% higher at the time of issue.
[finance.google.com...]
vs
[finance.google.com...]
You are going to get between .77.8 to .84 usf for each canadian dollar depending which day the transaction occurred on. Th dollar dropped dramatically but only in a very limited time frame.
[edited by: Visi at 12:38 am (utc) on Oct. 30, 2008]
I spoke to the international exchange department at my Aussie bank and the exchange rate is calculate on the current day's TT "selling rate" rate meaning adsense is selling USA dollars to my bank at their current rate(which BTW is higher than the official reserve bank exchange rate)... Take into account that my bank also charges a fee on all international exchange transfers... I'm still out by 100 Aussie dollars according to my banks calculation for the 28th of this month.
