Poll: Do shifting exchange rates affect your pricing?
Thread poster: ProZ.com Staff

ProZ.com Staff
Local time: 19:35
SITE STAFF
Aug 10, 2010

This forum topic is for the discussion of the poll question "Do shifting exchange rates affect your pricing?".

This poll was originally submitted by Vibeke Breivik. View the poll results »



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Michael Harris  Identity Verified
Germany
Local time: 04:35
Member (2006)
German to English
no Aug 10, 2010

because I only write € invoices

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Béatrice DEZERALD  Identity Verified
France
Local time: 04:35
Member (2008)
English to French
+ ...
Same as Michael ! Aug 10, 2010

I never accept rates in foreign currency.
For foreign clients (not from european coutries / €uro) who wish to pay with another currency, I write my invoices in €uros and indicate the current exchange rate on the invoice.


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xxxInterlangue
Angola
Local time: 04:35
English to French
+ ...
Stay the same Aug 10, 2010

Sooner or later rates balance!
For what comes on my USD account, I wait until the exchange rate is good enough to my taste. Meanwhile I spend only what comes on my EUR account...

[Modifié le 2010-08-10 11:49 GMT]


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Michaël Temmerman  Identity Verified
Costa Rica
Local time: 20:35
English to Dutch
+ ...
other Aug 10, 2010

My rates in other currencies than EUR are higher to take into account the currency risk. Small changes won't affect my rates, only big changes will.
However, I hardly ever work for customers outside of the eurozone.


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Simon Bruni  Identity Verified
United Kingdom
Local time: 03:35
Member (2009)
Spanish to English
No Aug 10, 2010

At the moment my clients are in Spain and I am in the UK. The euro has steadily climbed against sterling (except in recent months) since I started freelancing so there has been no need to adapt rates. It's odd hoping that your own country's currency will weaken!

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John Fossey  Identity Verified
Canada
Local time: 22:35
Member (2008)
French to English
Yes Aug 10, 2010

I always bill in my client's rate, so yes, exchange rates do affect me. I will adjust rates 2 or 3 times a year to compensate.

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Alexander Kondorsky  Identity Verified
Russian Federation
Local time: 05:35
English to Russian
+ ...
Other Aug 10, 2010

My rates and, therefore, my income are definitely affected by long-term forex trends. More often than not the stronger the dollar the better my financial situation, but I live in Russia)

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Gilla Evans  Identity Verified
Local time: 03:35
Spanish to English
+ ...
I keep an eye on them and adapt who I work for rather than changing my prices Aug 10, 2010

I live in the UK and many of my clients are in France, Spain and Portugal. I have tended to keep my euro rates constant, and slightly higher than my UK rates because I am the one taking the exchange rate risk. For many years I suffered badly from sterling being high against the euro. In recent years the euro has been a lot higher, which was good from my point of view, although it has dropped in recent months. And yes, I watch the barometer of the exchange rates on my desktop more than I do the weather! The problem is of course that when you get paid the exchange rate may mean that you are paid much less than you expected on invoicing (or much more!).

As I can't keep changing my rates, what I seem to end up doing is choosing which jobs I accept judiciously in relation to these rates. This year I have worked for more UK clients than in recent years because of this. The low rates offered in some countries exclude my working for a lot of agencies in those countries anyway.


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Muriel Vasconcellos  Identity Verified
United States
Local time: 19:35
Member (2003)
Spanish to English
+ ...
After taking a beating... Aug 10, 2010

...on shifting exchange rates, I decided to start checking the rates ahead of time and adjusting my price quotes accordingly.

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Tina Vonhof  Identity Verified
Canada
Local time: 20:35
Member (2006)
Dutch to English
+ ...
Same as Muriel Aug 11, 2010

I do the same as Muriel, I know more or less where the CAN dollar stands at any time compared to the US dollar or Euro and I may charge a couple of cents more or less so that I still get about the same as usual.

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