Hello:
I am from spais so my earnings in USD has to be converted in euros at some time.
This is often sad since all the work put in my portafolio to increase my earnings month after month, gets often buried by the Dollar/Euro change price.
For example, last month i made the exchange at 1.29 (1 euro=1.29 dollar) so for example for 1000 USD that would be 775 Euros. But right now the price is like 1.35, that means for the same case 1000USD= 740�. Seeng this i started to look for information and found a helpfull page where you can find the variation expresedd in a simple graphic, this is the link (in spanish sorry):
http://www.abanfin.com/modules.php?name=Abanfin&fid=gdbbdaa
Right now i decided to wait a litle to pull out the money from Paypal, and hope the price of dollar will rise again in the next days.
Do you european people check these numbers often to figure out the best moment? or maybe know some page where we could chek for a futuristic especulation on this tendencies?

Also i found that Paypal retain the 2.5% of the money for their services, Is there another way cheeper to get the payouts?
I�m thinking That Yuri Arcurs for example can loose a lot of money if he don�t look close to thise things, so maybe allready is an optimized way to do this testes for you guys?

Hope i made myself clear enough.
Cheers

I don't know anyone who can predict the future exchange rate with any accuracy. 

If someone knew how to predict exchange rates accurately he would be rich (and he wouldn't tell anybody how to do it

My solution has been to take my stock mone now and then, that makes the exchange rate "average".

The paypal percentage annoys me, I hope at least the european sites (fotolia?) would start using bank transfers.

Hello:
I am from spais so my earnings in USD has to be converted in euros at some time.
This is often sad since all the work put in my portafolio to increase my earnings month after month, gets often buried by the Dollar/Euro change price.
For example, last month i made the exchange at 1.29 (1 euro=1.29 dollar) so for example for 1000 USD that would be 775 Euros. But right now the price is like 1.35, that means for the same case 1000USD= 740�. Seeng this i started to look for information and found a helpfull page where you can find the variation expresedd in a simple graphic, this is the link (in spanish sorry):
http://www.abanfin.com/modules.php?name=Abanfin&fid=gdbbdaa
Right now i decided to wait a litle to pull out the money from Paypal, and hope the price of dollar will rise again in the next days.
Do you european people check these numbers often to figure out the best moment? or maybe know some page where we could chek for a futuristic especulation on this tendencies?

Also i found that Paypal retain the 2.5% of the money for their services, Is there another way cheeper to get the payouts?
I�m thinking That Yuri Arcurs for example can loose a lot of money if he don�t look close to thise things, so maybe allready is an optimized way to do this testes for you guys?

Hope i made myself clear enough.
Cheers

I am using Moneybookers. They have better exchange rate. But I think you can withdraw your earnings in Dollars, and than you can exchange them for Euros in your bank. This way you can avoid PayPal exchange rate if your bank has better rate.

araminta and Whitechild.
Are you sure of this? because what i read in the paypal page is that when you withdraw the money it gets translated to you local coin.
Anyway, i have just send paypal an email asking just that.
Cheers

Not all banks support accounts in US dollars. In Canada I know they do, but not sure about European countries?

In Switzerland, they do too... but I indeed don't know for other countries.

Quote from: goldenangel on May 14, 2009, 14:13

Not all banks support accounts in US dollars. In Canada I know they do, but not sure about European countries?

In Switzerland, they do too... but I indeed don't know for other countries.

In Norway I couldn't open a US currency account.

Not all banks support accounts in US dollars. In Canada I know they do, but not sure about European countries?

you are right goldenangel. but here's the irony. Most Canadians who travel already  have a US$ account to avoid exchange differences. But  Ppal will not transfer to that . It only transfers to Canadian to a C$ account, which requires foreign exchange.

and hope the price of dollar will rise again in the next days.

Don't hope on that!

The US$ is more likely to keep falling against the Euro, than rise.
They keep printing money in the US, much much faster than they do in Europe
(It's called "quantitative easing").

Look at the graph in the following blog post, especially the blue line in the top right corner
http://www.bloodhoundrealty.com/BloodhoundBlog/?p=7563

The difference looks to be 1.2% for currencies other than US, EUR GBP. 

Which on $1000 is $12, which is significant if you are making any amount over that much each month * 12 months.

$5000 is $60/month * 12 months is $720/year which makes it well worth switched to money bookers it seems.  I haven't tried them though, I am still using paypal

I�m resurrecting this post because i have made the test this month.
I changed the payout method from some sites to moneybookers so i could compare at real time between the two on witch one geve me more money for the same amount of dollars and i found that they are practically the same. Even if paypal charges a bigger percentage, it seems they can obtain a cheaper mayorist price for the money, because it�s almost the same as MB charging less percentage.
On the other hand i found the payout more slow, i guess most agencies (0r at least the ones i�v tried, SS, IS, XP) pay before to paypal than others.
But the most significant think i found out is that MB automatically changes to EUROS when the money is recieved, so i didn�t have the chance to wait for the best moment to make the exchange, wich is the main reason why i�ve decided to stay with paypal.
Just my experience at this matter.
Cheers.