Great Google Words of Wisdom: "we’ll convert your earnings to Euros on a daily basis using the prevailing market rate from the previous day. With earnings converted daily, you’ll avoid the risk of currency exchange fluctuations between USD and the Euro. You can still choose to receive payments in either Euros or U.S. Dollars and select from a range of payment methods as well."
Well, let's say that I tried to change back to US dollars and this is not possible. They say that this change is necessary for our financial protection against currency fluctuations.
Do european publishers agree to this? For the moment it seems that almost everyone is mourning for US currency stats. The good part is that you won't need to wait anymore for the end of the mount currency conversion rate to calculate the amount you will get paid with.
Who is affected? Definitely, the publishers keeping accounts on hold till the currency exchange rates are favorable to them. Now the currency is exchanged on a daily basis and at the exchange rates in that day.
Local currency reporting is now available for: Australia: Australian Dollar, Austria: Euro, Belgium: Euro, Denmark: Krone, Finland: Euro, France: Euro, Germany: Euro, Italy: Euro, Japan: Yen, Netherlands: Euro, Norway: Krone, Portugal: Euro, South Africa: South African Rand, Spain: Euro, Sweden: Krona, Switzerland: Franc, United Kingdom: British Pound.
Monday, March 29, 2010
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