Piss Poor Dollar to Sterling Rate - Any Options?

Considering the dollar is worth next to nothing nowadays, are any of the British/European (same for Euro I guess) DPers considering leaving their AdSense credits in their account or maybe banking them in the US waiting for better rates?

Paying AdWords in £££ and getting AdSense in $$$ is such a bad deal it's unreal.

 

Yeah, i signed up for adwords a few weeks ago and was shocked that it deals with euros while my adsense account is in dollars. I guess there's not much we can do but hope for better times but i doubt the dollar will go up again anyday.

 

Google isn't worth billions for no reason. They're the clever ones.

Best would be to accumulate dollars, go on holiday to the US/Asia and live like a king there rather than converting it to a feq Pounds/Euros and making the banks/Google rich.

 

With the Euro is the same sh*t.
But who knows if the dollar will go up in the near future?
1, 2 maybe 3 months we can hold the payments, but more than that...There are things to be payed.
I didn't hold any payment until now, maybe i'll do it in january if the dollar stays like this.

 

if you hold your payments waiting for a better exchange rate, you run the risk of loosing everything to the Google Random Banning Monster.

Is it possible I wonder for us in the UK to open a dollar bank account?

 

In some other forums I've seen UK based people mentioning Citibank allows you to open one.

 

I opened a US Dollar a/c and deposit my Adsense earning in US Dollar.

When the exchange rate becomes favourable or when i need to use the $ i change to my currency.

 

Which country are you from and in which country did you open the $ account though?

 

Maybe you can have google send you the money in USD currency.
Go to your bank and open a dollar account, save all your google money there and wait for the dollar to increase in value, then sell it

 

A dollar account isn't easy to get though. And I hardly pay for things in dollars either.
I'm betting on the Euro to stay strong, with all that debt the US has. So my money is safer in Euro land, I think. Though it is a bummer that the Dollar is so low. I think the increase in payments this month may just be canceled out by the lowering of the value of the dollar this month (for me).

[when I finish my studying, I do consider moving to India, if I can stand the climate]

 

Damn we are just lost 5% over the night. I have almost all my earnings in $ at the bank... Damn...

 

PayPal is even worse actually. You get screwed over with dollar to pound conversions there more than anywhere else.

 

I tried banking mine to my U.S. accounts but support said the bank needed to be in our home country thats recorded in the account.

Flip, I must ask them again and see if I can get a different answer, although the Euro isnt getting stung as bad as the Pound.

 

I used to work for Barclays Bank in the UK and if you have a UK sterling account with them, you can also open up a UK based dollar (or other major currency) account with them - just call their customer service number and they will put you through to the right people.

This isn't an endorsement of Barclays by the way...I can tell you from working there for 3 years that they are an extremely inefficient company and not quite customer focused enough, but at least you could get a US dollar account with them!

 

LOL - Old Barclays just only posted a profit of £7bn yet they can't afford UK based telephone support and shipped it all off to India. I wouldn't say they are inefficient but greedy.

 

In the UK you should be able to open a dollar account and bank the cheques that way, as you're a business it should be very easy to open a dollar account. I don't think you'd be able to use electronic transfer though.

 

Seriously, you have to try working there - I've been at many companies, large, medium and small, and Barclays was easily the most inefficient.

But yes, they are greedy too! And shipping telephone support of to India shows how they don't value customer service enough.

Anyway, they have UK based dollar accounts, but then that makes me think most other UK banks with have them too.

 

We do have a dollar account - I was more trying to discuss this in terms of 'small time'/personal AdSense income and raising the issue of poor conversion rates in general.

Dollar accounts seem the way forward then, thanks all for the input.

Conveniently, Google has based AdWords in Dublin so we pay strong British Pound Sterling and yet they ship dollars back in. Cringe...

 

If you are limited in UK your bank should simply open a currency account.
Just check any costs associated with them....
They tend to get you on transfers...

Payment gateways often simply want a one off fee for additional currency - maybe worth the money.

I've suppliers that I pay in USD and other costs like hosting or any special development I tend to pay in USD or CAD.

It's also worth concidering buying any non tangible goods like software etc via US or even cough up the VAT and ups/dpd fees for imports.
Thats what I often use excess PP USD balance for.....

Transfering USD to other currencies if the amount is reasonably large
open an xe trading account.

Expat

 

I know tell me about it im getting totally screwed with this, apparantly is going to get lower and lower too