Adsense Dollar to GBP exchange rate options?
November 20, 2007
Stumble it!The exchange rates still an issue in Adsense publishers and many e-commerce owners who accepts USD. Everyone is directly or indirectly affected by the exchange rates between USD and other currency. This time, a use in Webmaster world forum asked this question, “Which of these options (his options) would you consider the best”:
This has probably been mentioned lots of times before, but I was wondering if I could gain some advice? With the dollar against the pound at its highest rate for the last 30 years, I’ve had Adsense payments on hold for these last few moonths.
Do I just absorb the changes in the exchange rate and get the payments every month, or do I continue to hold payments until things improve? If I go with the former option, I get the money quickly, but this comes at a price. With the latter option, I can also perhaps look into a Citibank Dollar account, although the money could be waiting months, if not years before the situation improves.
On the upside having a US dollar account linked to a debit card could be handy for buying things from abroad priced in dollars. Could also be handy for any trips etc to the states.
What are you guys who are similar situations do / are doing?
Question asked by: whitenoise
I always prefer to withdraw my hard-money earned from any contextual advertising or affiliate program money. You never know if something that is not in your hand could happen. In this case, Google adsense could possible block your account for any reason so you will not loose everything that you have earned from the past months.
If you know FOREX you already know that these issues are unpredictable. The other option to open a citibank USD account is a great idea but just if you are travel a lot to US or any other country that accepts USD because they charge you $20 month to maintain the account.
There is another idea that you can do is, make a USD citibank account, then move your money to a FOREX broker. Your money will stay there at the same price without any extra fees. When you see that the exchange rate is good for you, withdraw your money to your GBP account. This option is not really easy to do for those that don’t understand and don’t know what is Forex and how Forex brokers works. For that reason you will need a person that can guide you or read more about it. You can check some brokers reviews here and here.
Want One of the Cheapest and Affordable Hosting?
What Next?
Subscribe To GoogleLady
Digg It
Save This Page
Sphinn It
Stumble it!
Favorite This Post
Get Updates In Your Email
Posted in Google Adsense
content rss
November 20th, 2007 at 12:15 pm
If you don’t need the money to live on then hold on to it, the USD/GBP exchange rate will eventually level out at around 1.95 again. At the moment I need those dollars to pay the bills so have very little choice, it could be worse though, at least I don’t have to try and cash a dollar cheque anymore.