Strong Rupee, Weak Dollar: Lower Adsense Income
May 6th, 2007The changing forex currency market shows that the Indian rupee is getting stronger compared to the US dollar. Recently the rupee touched a nine year high against the US dollar. A stronger rupee means lower dollar income for Indian bloggers since most affiliate and advertising programs pay in US dollars (then convert them to rupees).
A quick look at the U.S. Dollar to Indian Rupee Exchange Rate over the last 5 years shows that the rupee is getting stronger with improving Indian economy. A few years back the weak rupee at Rs. 47-48 per dollar closed at Rs. 40.575 per dollar this Friday.
I received my latest Google Adsense check based on the dollar rupee exchange rate of Rs. 40.50 per US dollar. For the same month in last year the Adsense check was issued at an exchange rate over Rs 45.50 per dollar. It basically means that if you earned $1000, which converted to Rs. 45,500 then now earns you Rs 40,500. Thus, a loss of Rs. 5000 per $1000 dollars earned simply because the Indian currency, the rupee is getting stronger. Similar is the case for Paypal, and other affiliate programs.
Of course you can let Google hold your payment, but for how long!
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This is a worrying sign indeed!
Same thought here…..
What will us poor Indians do? Most people like Rupee to be higher, but hey, we are the only guys other than exporters to be against that :P
Can’t we receive AdSense earnings in $$ ?
That seems the best option – hoard it, and convert when rates are higher ;)
Same goes here for Malaysia. It was still around RM3.70 per dollar last year. And now, it’s only RM3.40 per dollar. Losing much money in a long run.
For people living off their blog this might not be a good thing. But I disagree I am glad my country is doing better and that the rupee is getting stronger.
Would it make sense to set your earnings in Euro??
@Sumesh – Getting cheques in rupees is easier as they are payable at par on all Indian banks easily. For Dollar cheques you need to fill in special forms to get them deposited in your bank.
@Abdul – I think a stronger rupee should rise against all foreign currencies be it Euro or Dollar, so I think it might not matter.
hmmm.. rupee is getting stronger.
Then we should be proud!
No when it comes to money it hurts somewhat ;-)
@Sumesh
That would be better indeed. I think people from Europe are also getting crazy from those ratings. You could hold the check for one month now, but who says ratings arent worser then. Payment in $ would be a solution.
@Abdul
I dont know of the rupees. But I will tell you it isnt a party when you receive euro’s for $ nowadays.
Same with my case. PayPal pays at a even lower rate. I withdraw three cheques with a gap of 1 week each.
1st cheque was converted at 41.34 rupees (PayPal)
2nd: 40.76 rupees (PayPal)
3rd: 39.85 rupees (PayPal)
AdSense atleast is giving 40.500
Guys,
Feel proud that our Rupee is growing stronger. Why are you worrying about the dollar rate? After all we are still earning something right? thinking about the country and its economy is the last thing we will do?
Come on guys.
@Vamsi,
I agree with you. Actually I am loosing money in the conversion because I was holding dollars in my US account but thinking a little broader I am liking the idea of Rupee getting even stronger than today…there are lots of other benefits in the long run of this positive change for India…
This is really a worrying factor the guys working abroad.
Mixed feeling and fully confused!
Happy to know that the Rupee value is getting stronger with improving Indian economy, but when it comes to AdSense payment it feels I am losing something.
Hi all i wont think it will affect ,keep ur mony in ur account in resp $.sure indian mony going to week.i tell u why….few year back in vachpais rule it came same like now…once he step down new govt raised the inr rate from 40 to 48/$.
hope ……….:-)
@Thilak – Paypal is indeed paying a lesser dollar conversion rate than Adsense. I wonder why.
You can keep delaying payout from Paypal or Adsense, but for how long. The dollar is still sinking .
Hi,
Rupee appreciation has personally hurt me, as my company has postponed my joining due to this till Feb – Mar ‘08.
I am praying for Rupee to depreciate ASAP :D (I know, I am being a bit selfish at my part….)
Money value depreciation is actually a headache to all those who are working abroad. Otherwise the foreign countries must increase the salary. Then only we will get benefit in working foreign coutries. Those who are working in foreign countries, few are planning to shift to india within this year. And we have lot of opportunity in India. This is a happy news that we can work in our native country.
Lets welcome the stonger Indian economy. :-)
I read some of the comments here stating that the rupee will down and go back to 45 per dollar. I don’t think so rather I would say that in next 15 years the equation would be 1 dollar = 20 rs. I really would like to see my country progressing. Good Luck to indian economy.
Indian rupee growing stronger is boosting our Indian economy to the peak & we must be proud of India which has many wealthy companies like reliance,Infosys,tech Mahindra etc wherein reliance ranks 97TH rank in the world.We guys collectively help our nation in growth of our economy.
How I convert US Dollar cheque into Indian Rupees In India
Paypal and Google Adsense send you dollar earnings as rupee cheques which you can easily deposit in any bank account.
The Indian economy is getting stronger.. isn’t that a good sign ?
This increases the scope for reverse brain drain. As for people worrying about their online monthly income, affiliate programmes and clones, targeted at India would soon start (eventually).
Good luck India
It is good sign for Indian economy. Amerian economy is 20 times bigger than Indian economy. Dollar to rupee ration ia 1:40 so as the rupee become stronger our economy is also become bigger.
The dollar fall and the rupee rise has to be attributed to the fact that the FII’s are pumping more forex into the country by means of the stock market.
Its like the dollar is abundant in the country and therefore its losing its value.
Hello all
Why you so the problem of strengthening of rupee interests? Here personally for me the problem of rouble receptions from AdSense is actual.
It is because dollar has fallen because of mortgage crisis. Reserve bank must hold rupee price but it has tough time in holding rupee back as lot of industries borrow money from overseas banks not indian banks because they say the intrest rate in india is just too high. so there is no sign that rupee falls again
I don’t know much about exchange rates to comment upon.
rupee become stronger and stronger against dollar, its might be not a good sign for the indian economy because most of the products of the export companies are based on the USA dollar and could give less profit margin. its a good sign for import oriented companies but on the other side its bad for the export companies. so its not a good sign for india.
Jai hind. I feel proud of India right now. But at the same time, it is good if people make some careful moves in investments. Whatever it is, keep money backups as much as you can. So you can survive even while the economy shakes. Scared to imagine another job fall like 2000-2002.
India sell goods and services to US, and gets paid in US $, dollar getting weaker, US loosing purchase power means lesser export for Indian exporters and service providers (Indian IT industry’s economy depends on its $ income)- weaker ecenomy. Also, Rupee getting weaker means less purchase power for India, hence less FDI, resulting in low ForEx reserves, weaker ecenomy. so in both ways India is at loss, untill and unless it has a strong manufacturing industry (like China).In my opinion $ versus Rupee has to have a balance as of now, till India grows in terms of manufacturing and Infrastructure. (PS: I am earning in $, so I am at loss, but HAPPY to see INDIA becoming a strong economy).