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Poll: Does currency conversion negatively impact your earnings?
Autor da sequência: ProZ.com Staff
ProZ.com Staff
ProZ.com Staff
STAFF DO SÍTIO
Sep 29, 2022

This forum topic is for the discussion of the poll question "Does currency conversion negatively impact your earnings?".

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Xanthippe
Xanthippe
França
Local time: 07:25
Membro (2008)
Italiano para Francês
+ ...
LOCALIZADOR DO WEBSITE
I only accept euros Sep 29, 2022

To be honest, I only accept euros and strongly avoid to work for clients outside the EC.

Ines Radionovas-Lagoutte, PhD
WolfgangS
Marina Taffetani
 
John Silva
John Silva
Brasil
Local time: 02:25
Inglês para Português
+ ...
No Sep 29, 2022

Actually, it impacts me positively!

Jonatas Bento
Daniel Cavallari
Thomas T. Frost
 
Maria Teresa Borges de Almeida
Maria Teresa Borges de Almeida  Identity Verified
Portugal
Local time: 06:25
Membro (2007)
Inglês para Português
+ ...
No Sep 29, 2022

Almost all of my customers are in the Euro zone and two of my non-EU clients have bank accounts in Euro. Occasionally I receive payments in other currencies (USD and CHF), only one of my clients refuses to pay the exchange fee, in this case I don’t mind swallowing it as it is a very small amount (0.20 €).

Xanthippe
Liena V.
 
Samuel Murray
Samuel Murray  Identity Verified
Holanda
Local time: 07:25
Membro (2006)
Inglês para Africânder
+ ...
Only visually Sep 29, 2022

Only visually. If the payment notification says e.g. "1000 received" then I have to adjust my expectations because it's going to be less than "1000"... perhaps even as low as "800". That's because I do business in dollars but live in euros.

Fortunately for me, though, the euro has weakened against the dollar over the past two years, so I gradually get more and more euros (since my dollar rates have stayed roughly the same).


Thomas T. Frost
 
Lieven Malaise
Lieven Malaise  Identity Verified
Bélgica
Local time: 07:25
Membro (2020)
Francês para Holandês
+ ...
No Sep 29, 2022

I only work in euros and as far as I'm concerned I will keep doing that until the end of my working life or otherwise as long as possible.

WolfgangS
 
expressisverbis
expressisverbis
Portugal
Local time: 06:25
Inglês para Português
+ ...
No, it doesn't, and Sep 29, 2022

and I can accept the main currencies used by my clients/translation agencies (Euros, USD, CAD and GBP).
I cannot afford to work only with the European continent.
After all, I am a translator: someone who makes possible communication for different cultures, and I also need to make a living


amanikashang
Philip Lees
Thomas T. Frost
 
Siobhán Fulton
Siobhán Fulton
Estados Unidos da América
Local time: 01:25
Alemão para Inglês
Cost of currency conversion or exchange rate? Sep 29, 2022

I don't quite understand the question. Does it refer to the banking cost of converting one currency to another, or does it refer to fluctuations in the exchange rate?

expressisverbis
The Shredder
Philip Lees
 
Samuel Murray
Samuel Murray  Identity Verified
Holanda
Local time: 07:25
Membro (2006)
Inglês para Africânder
+ ...
@Kevin Sep 29, 2022

Kevin Fulton wrote:
Does it refer to the banking cost of converting one currency to another, or does it refer to fluctuations in the exchange rate?

Well, it's a yes/no question about negative impact. So, potentially, the answer could be "no". But a banking cost is always positive, so if the question had referred to banking costs, the answers would always have been "yes". Since "no" is an option, then, the question can't be referring to banking fees.


 
Kay Denney
Kay Denney  Identity Verified
França
Local time: 07:25
Francês para Inglês
. Sep 29, 2022

Like many others here, I only work with clients in the euro zone.
There I was thinking I was maybe limiting myself, but I see that several others have said the same. Fact is I have enough work, so no need to look any further afield.


Maria Teresa Borges de Almeida
 
Wilsonn Perez Reyes
Wilsonn Perez Reyes  Identity Verified
El Salvador
Local time: 23:25
Inglês para Espanhol
+ ...
No Sep 29, 2022

Fortunately, the US dollar is the official currency in El Salvador, and I work only for US agencies.

 
Dan Lucas
Dan Lucas  Identity Verified
Reino Unido
Local time: 06:25
Membro (2014)
Japonês para Inglês
Surely it would only be negative... Sep 29, 2022

...if the currency were to move only in one direction.
Does anyone know of any currencies that move only in one direction?

Dan


The Shredder
Maria Teresa Borges de Almeida
expressisverbis
Michele Fauble
 
Aline Brito
Aline Brito  Identity Verified
Brasil
Local time: 02:25
Inglês para Português
+ ...
Not at all Sep 29, 2022

The opposite, in fact. I live in Brazil, but only work with international clients who pay me in USD or EUR, mostly the previous. USD is always worth more than BRL, our currency, and it has been especially high these last few years. There are the conversion fees, and cost of living has also hugely(!!) increased, so that's a counterbalance, but I still have quite an advantage. I am incredibly privileged compared to most of the population. That's not to say I don't think I deserve my pay; instead, ... See more
The opposite, in fact. I live in Brazil, but only work with international clients who pay me in USD or EUR, mostly the previous. USD is always worth more than BRL, our currency, and it has been especially high these last few years. There are the conversion fees, and cost of living has also hugely(!!) increased, so that's a counterbalance, but I still have quite an advantage. I am incredibly privileged compared to most of the population. That's not to say I don't think I deserve my pay; instead, I mean low salaries and inequality are a gigantic problem in Brazil.Collapse


 
Alex Lichanow
Alex Lichanow
Alemanha
Local time: 07:25
Inglês para Alemão
+ ...
No Sep 30, 2022

I somehow managed to only have customers who pay in euros (even my US and Canadian customers).
Been avoiding USD for all of my career due to it always having been slightly weaker than the euro - something I have now come to regret a bit, but I still can't complain about my income, so it is what it is.


 
Tom in London
Tom in London
Reino Unido
Local time: 06:25
Italiano para Inglês
Wise Sep 30, 2022

Most of my clients pay me through Wise. Until now, I usually took the euros out of Wise, converted them into Sterling and paid the money into my UK bank account (because I need it).

However, with all the world's currencies going crazy and the Pound Sterling going down the toilet, I've decided to leave the euros in my Wise account and wait to see what happens.


Emily Scott
 
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Poll: Does currency conversion negatively impact your earnings?






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