Poll: Do currency exchange rates generally work in your favor? Лице кое објавува дискусија: ProZ.com Staff
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This forum topic is for the discussion of the poll question "Do currency exchange rates generally work in your favor?".
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| | | | Muriel Vasconcellos (X) 
Соединети Американски Држави
Local time: 01:59
шпански на англиски
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| They work against me | Jan 6, 2019 |
Obviously, if I quote a rate in dollars to non-U.S. client, I have three choices: (1) raise my rate; (2) ask the client to pay for the currency exchange fee; or (3) swallow the loss.
(1) I have already lost clients because my rates are higher than average ;increasing them even more definitely prices me out of the market.
(2) As for asking them to pay the exchange fee, so far only one client has agreed to do it; the rest have refused.
(3) That leaves me swallowing the los... See more Obviously, if I quote a rate in dollars to non-U.S. client, I have three choices: (1) raise my rate; (2) ask the client to pay for the currency exchange fee; or (3) swallow the loss.
(1) I have already lost clients because my rates are higher than average ;increasing them even more definitely prices me out of the market.
(2) As for asking them to pay the exchange fee, so far only one client has agreed to do it; the rest have refused.
(3) That leaves me swallowing the loss. ▲ Collapse
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Most of my customers are in the Euro zone and I always issue my invoices in my own rate (EUR). For clients outside the Euro zone my invoices say that my payment terms are X days from date of invoice, exclusively by bank transfer (net of all bank charges).
| | | | Jan Truper
Германија
Local time: 10:59
англиски на германски
I make exchange rates work in my favor.
With some of my clients, my rate is based on USD, with other clients my rate is based on EUR.
When the exchange rate tips significantly to either side, I am more likely to take on work from clients paying in the stronger currency.
[Edited at 2019-01-06 12:55 GMT]
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Jennifer Forbes
Local time: 09:59
француски на англиски
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Во сеќавање на | Euro to Pound Sterling | Jan 6, 2019 |
For some years now the euro-£ rate has been in my favour but it used to be the other way round. I work mainly in finance and I'm well aware that exchange rates change all day every day, so my present situation probably won't last.
| | | | Thayenga
Германија
Local time: 10:59
Член (2009)
англиски на германски
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Jan Truper wrote:
I make exchange rates work in my favor.
With some of my clients, my rate is based on USD, with other clients my rate based on EUR.
When the exchange rate tips significantly to either side, I am more likely to take on work from clients paying in the stronger currency.
This is the best way to work, make it work in one's favor.
| | | | Rebecca Garber
Local time: 04:59
Член (2005)
германски на англиски
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| They currently work in my favor... | Jan 6, 2019 |
However, there have been times in which the exchange rate was not beneficial. I try to set rates in € and $ so that I can earn a moderate living.
| | | | | Bizarre question | Jan 6, 2019 |
I can’t see how exchange rates can generally work for or against you. They just are what they are.
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Mario Freitas
Бразил
Local time: 05:59
англиски на португалски
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| Yes when they increase, No when they decrease | Jan 7, 2019 |
Generally, yes, because inflation makes the US Dollar and the Euro go up regularly in Brazil, and these are the two currencies I get paid with.
So, yes, I'm selfish and I cheer up when the foreign currencies go up, although it's theoretically a negative thing for the local economy (which I don't quite believe).
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