Full Member from CA
joined:July 2, 2003
Did anyone else from Canada receive their EFT today for Google AdSense, and see the exchange rate that was used?
They used an exchange rate of $1 USD = $0.977 Canadian dollars, and so if your earnings were $1000 USD, the EFT was for $977 Canadian.
However, the actual exchange rate in the market lately has been the other way around, i.e. $1 Canadian = 0.977 USD, or alternatively $1 USD = $1.0235 Canadian. So, US $1,000 should have converted into $1,023.50. The Canadian dollar had been trading above par for several months, but is definitely below par again.
You can see the current exchange rate at www.xe.com or similar sites.
They've done this before, using the inverse instead of the proper exchange rate......this is a 5% difference, which is fairly significant.
I wonder if Australians had the same issue?