As a Canadian publisher that gets paid in US dollars, I typically enjoy a nice boost during “payday” as my payments are converted to the weaker Canadian dollar. However, the Canadian dollar has been rallying since the beginning of the year and is fast approaching par ($1 CDN = $1 US). What this means is that for publishers like myself, our take home pay drops as the Canadian dollar gets stronger.

This month has been particularly painful as the Canadian dollar is at $0.932 USD. Back in March, I wrote about making money with currency flucuations with Google. I was thinking of putting my Google payments on hold but many experts are predicting that we will hit par before rebounding back. I’m no expert in this field, but I don’t think the Canadian economy will sustain a loonie worth US$1 (especially out East).

Whats even worse is that payments that come in via paypal such as my AuctionAds payments, will get dinged by the currency conversion that Paypal does which is typically 2 - 3% lower so instead of getting a 1.07 multiplier (based on today’s 1.072 conversion) I will get more of a 1.04 multiplier on my payments.

A $5,000 US payment back in March netted $5,900 Canadian. Today, that same $5,000 payment would result in $5,350. Ouch! I think its time I open a US currency account ;)

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