Strong Rupee, Weak Dollar: Lower Adsense Income
The 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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@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.