ProZ.com Translation Forums

Poll: Does the strong euro impact your business? | Impossible for Americans

Tom in London — Mon, 11 Aug 2008 11:40:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Tom in London
Post title: Impossible for Americans

By now I imagine it's impossible for any American outsourcer to find a translator based in Europe. The exchange rates are impossible.

Poll: Does the strong euro impact your business? | Very negatively

Catherine GUILLIAUMET — Fri, 11 Jul 2008 11:03:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Catherine GUILLIAUMET
Post title: Very negatively

Living in France and originally working mainly with US clients, the impact of the very weak dollar versus Euro is a catastroph. Can you imagine, only one second, that my usual US clients may accept (and may have the financial ressources to accept) that my "normal" rate of USD 0.13 becomes USD 0.20 ? They cannot follow. On the other hand, if I keep my "old" rate of USD 0.13, I receive only Euros 0.08, and I can't pay the most basic professional expenses.
So, I'm trying to find clients only in Europe and losing my US clients.
Catherine

Poll: Does the strong euro impact your business? | Positively

Steven Capsuto — Thu, 10 Jul 2008 13:18:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Steven Capsuto
Post title: Positively

With the euro much stronger than my own currency, clients in Spain can now afford me and I've picked up a lot of business. (Translators aren't generally paid very well in Spain, but the uneven exchange rate has served as a temporary equalizing factor in my case.)

I just hope some of these clients stick with me if the dollar and euro become closer in value again. Clearly they're happy with my work.

Poll: Does the strong euro impact your business? | No, the strong euro doesn't impact my business

Xanthippe — Thu, 10 Jul 2008 11:47:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Xanthippe
Post title: No, the strong euro doesn't impact my business

because I work only in euro. My clients work only in euro and the colleagues I pay to do others translations they send me invoices in euro.

[Modifié le 2008-07-10 11:48]

Poll: Does the strong euro impact your business? | Pay to work.

Williamson — Thu, 10 Jul 2008 09:35:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Williamson
Post title: Pay to work.

When joining the E.U. the Czech republic and Poland also agreed to introduce the euro. That is only a matter of time and economics.
I got a "best rate request" of 0.05$ p.w. or about 0.016 eurocent p.w.
Nobody in Europe works for 0.01 eurocent. If you deduct the use of electricity to power your p.c., you pay to work.
To what extent the policies of the next U.S.-president will be able to influence the rate of the $ remains a?

[Edited at 2008-07-10 09:37]

Poll: Does the strong euro impact your business? | No as far as I know

neilmac — Thu, 10 Jul 2008 09:33:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: neilmac
Post title: No as far as I know

... although the use of "impact" as a verb certainly gets my goat.

Poll: Does the strong euro impact your business? | Currencies and trends

Oleg Rudavin — Thu, 10 Jul 2008 09:19:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Oleg Rudavin
Post title: Currencies and trends

There can't be a single answer to the question - and mostly, it all boils down to the local currency and its behaviour.

Like Tomas and Marek said, EUR is getting weak (and dollar even weaker) against koruna. Same with Magda, her national currency gaining weight against foreign competitors.

So it's mostly the local currency (and inflation) that determine the impact.

Poll: Does the strong euro impact your business? | why not raise your rate?

m_temmer — Thu, 10 Jul 2008 06:05:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: m_temmer
Post title: why not raise your rate?

I have a couple of customers who pay me in USD. However, that doesn't impact my earnings as I raised my rate accordingly. The dollar has been weak against the euro for quite a long time already, so a rate increase can easily be justified.
If a customer doesn't want to pay my rate, I just go on with my customers that do. Why waste my time on poorly paid projects if I could be working for my other customers that do pay well...

Poll: Does the strong euro impact your business? | Yes, negatively

Marta Cervera Areny — Thu, 10 Jul 2008 05:51:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Marta Cervera Areny
Post title: Yes, negatively

I was on a huge project for a US company. I gave them my quote in December, when I finally got paid in May at the end of the project, it meant almost 1000€ less for me.

Bad timing I guess...

Poll: Does the strong euro impact your business? | Weak, weak euro

Agnieszka Zmuda (X) — Thu, 10 Jul 2008 05:14:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Agnieszka Zmuda (X)
Post title: Weak, weak euro

[quote]Magda Dziadosz wrote:

I see it similarly as the colleague from the Czech Republic above: euro is actually weak compared to my local currency (Poland) and it has a negative impact.

Magda [/quote]

I totally agree with Magda and the colleagues from the Czech Republic. For the past year my earnings have been on the low side largely due to the weak position of both: euro and dollar compared to Polish zloty.

Agnieszka

Poll: Does the strong euro impact your business? | Positive situation for me

Giuseppina Gatta, MA (Hons) — Thu, 10 Jul 2008 01:00:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Giuseppina Gatta, MA (Hons)
Post title: Positive situation for me

I am in a very good situation, because I relocated from Europe to the U.S. about 2 years ago.
I kept my European clients, which keep on paying me in Euros, and I buy here in the U.S., where everything is ways cheaper than where I come from (in my native country nearly everything is a rip-off).

Furthermore, many agencies here cannot outsource anymore to Italy, due to the strong Euro, and they search for Italian translators here. That means less competition for me (although I feel very sorry for the colleagues in Italy, which cannot be competitive and still have to pay enormous amounts of taxes).

Finally, for once in my life, economy is working for me and not against me ;)

Giusi

Poll: Does the strong euro impact your business? | A catch-22 situation

Fernando D. Walker — Wed, 09 Jul 2008 21:42:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Fernando D. Walker
Post title: A catch-22 situation

As I don't work for international agencies, unfortunately, my earnings are the same, but the cost of living in Argentina is higher and higher. The problem is that local agencies pay translators in Argentine pesos, although their rates are either in USD or EURO. They are in a winning situation while translators are in the same or worse situation.
Best regards,
Fernando

Poll: Does the strong euro impact your business? | Strong?

Magda Dziadosz — Wed, 09 Jul 2008 20:26:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Magda Dziadosz
Post title: Strong?

I see it similarly as the colleague from the Czech Republic above: euro is actually weak compared to my local currency (Poland) and it has a negative impact.

Magda

Poll: Does the strong euro impact your business? | Yes, positively

Nikki Graham — Wed, 09 Jul 2008 20:24:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Nikki Graham
Post title: Yes, positively

As most of my clients pay me in euros, I now don't have to work so hard to earn the same amount of money. However, given that prices here for food and petrol especially have soared, what I have gained on the swings, I have lost on the roundabouts.

So I better stop getting sidetracked by polls and get back to work!

Poll: Does the strong euro impact your business? | Loving it

Konstantin Kisin — Wed, 09 Jul 2008 20:22:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Konstantin Kisin
Post title: Loving it

I've been putting off being paid on a very large project (X0,000 euros) for about 6 months now and it's due for payment this week. I estimate a 20% or so gain in GBP, discounting what I would have earned in interest on that amount had it been paid in January.

Overall, as the majority of my clients are from Europe or the UK, I am positively affected and unaffected respectively.

The only problem is that working with the US is currently close to impossible, but I never had many American clients, and those that I lost were replaced very quickly.

Poll: Does the strong euro impact your business? | Weak euro

Marek Buchtel — Wed, 09 Jul 2008 20:17:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Marek Buchtel
Post title: Weak euro

I have the same problem as Tomas.
It's the WEAK euro and VERY WEAK dollar that impact my business negatively :-D
Of course, strong koruna is to blame.
But it's a real disaster :-(

Poll: Does the strong euro impact your business? | a different point of view

Tomas Mosler, DipTrans IoLET MCIL MITI — Wed, 09 Jul 2008 20:00:00 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: Tomas Mosler, DipTrans IoLET MCIL MITI
Post title: a different point of view

I don't mind allegedly strong euro as much as I do mind strong Czech "koruna" (CZK). 1 euro was equal to 28,5 Czech "koruna" (CZK) year ago. Now it is 23,5 CZK. So from the perspective of my currency, euro is actually *weak*.
(Make the maths for the combined effect for USD rate Y/Y: 21 -> 15 CZK. So getting back to the poll question, the impact is negative.)

Well, at least I can buy products from abroad cheaper...

[Edited at 2008-07-09 20:01]

Poll: Does the strong euro impact your business?

ProZ.com Staff — Wed, 09 Jul 2008 19:28:34 +0000

Forum: Poll Discussion
Topic: Poll: Does the strong euro impact your business?
Poster: ProZ.com Staff

This forum topic is for the discussion of the poll question "Does the strong euro impact your business?".

View the poll here

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