AdSense Payment - Wrong Canadian Exchange Rate Again

For the sixth time!

[Leonard0]

Okay, this is getting way beyond ridiculous.
Today's payment was issued at an exchange rate of $0.994 CAN for $1 US.
The exchange rate has been around 1.03 to 1.047 $CAN/$US for the last few days.

Four times in the past this happened and we have received a make-up payment within a few weeks:
April, 2006
Dec, 2007
Aug, 2008
March, 2010

Then September's payment was issued at a rate that was about 4% less than the current rate
[webmasterworld.com...]
I thought since the rate had fluctuated so much in the previous month it could just be due to that.
However, it is clearly stated in the payment detail that "Payments are converted to local currency at the prevailing rate at time of payment processing."

So what's going on at Google that they can't get something so simple done right?

[WordsnCollision]

Not so fast there, Google didn't screw up. The key phrase is "Payments are converted to local currency at the prevailing rate at time of payment processing." That time happens to be the 10th of each month, when payment amounts are finalized, not the actual date payments are issued. Though the past few days have indeed seen a rather weak CS, such was not the case two weeks ago.

[Leonard0]

Actually, the processing date is just before the end of the month:

Every month, we use Bloomberg to determine the exchange rate between your reporting currency and your payment currency. Bloomberg is an industry-recognized interbank rate source and the rates are set two business days before the last business day of the month at 16:00 London time.

[google.com...]

So that would be Oct 27, and the closing rate for that day was ... 0.992

Okay, my bad.

But Google could make it clear in the payment detail that the conversion is done at the end of the month - not when the PIP is processed.

[wheel]

I've been doing US-other dollar conversions now for 12-15 years. The key is to just ignore the whole thing. Put the money in the bank and be happy :).

Unless it's a significant amount. then the dealio is to get paid in US funds and take the check to a currency converter. If it's 5K or more you can get a better exchange rate.

[IanCP]

I'm confused. Why aren't your transactions in $Canadian on a daily basis?

Mine have been in $A ever since the system was introduced way back when.

What my earnings are at the end of a month is exactly what appears in my bank account around 28 days later.

[leadegroot]

Yep, since making the change to $AUD it has been much less stressful, not having to worry about how my total will come out with the exchange rate once a month.
(I have noted that the exchange rate is almost always worse at the end of the month than at the beginning, giving an overall net loss on adsense :( )
Is Adsense not available in $CAD? I recommend it :)

[Leonard0]

Is Adsense not available in $CAD?

No, only Europe, Australia and South Africa have local currency reporting.
[google.com...]

The exchange rate has usually been pretty good - within a half a percentage point - until the recent major fluctuations in the CAN/US rate.
Thankfully Google gives the official exchange rate - not the rate that bank's charge with their 2.5% cut.

[IanCP]

I have noted that the exchange rate is almost always worse at the end of the month than at the beginning, giving an overall net loss on adsense

Yes, I always noted that. Now it averages out the highs and lows. Much better.

[leadegroot]

No, only Europe, Australia and South Africa have local currency reporting.

Damn, sorry - I assumed they were offering it in all the major currencies :(