Euro - Almost £1.26 now

[psychocandy]

Invoice in euros. Was about 1.11 a year ago. Costing me quite a bit here and its only going to get worse I fear.....

[fullyautomatix]

Invoice in euros. Was about 1.11 a year ago. Costing me quite a bit here and its only going to get worse I fear.....

Still living in fantasy land I see. Invoicing in Euros, yeah right.

[TheFaQQer]

I'd ask the client about renegotiating the rate into pounds, or a better Euro rate.

You know you want to.....

[Brussels Slumdog]

Weekly pay rise

Live in Belgium work in UK with a daily rate in £ so it feels like a pay increase each week

[d000hg]

Invoice in euros. Was about 1.11 a year ago. Costing me quite a bit here and its only going to get worse I fear.....

1.11 and lower was anomalous. It's not costing you now, it was paying you extra then.

[northernladuk]

Mods, please move this to the 'Psychocandys life blog' where we can comment appropriately.

Thanks.

[jamesbrown]

Yeah, not much you can do about it, assuming you can't invoice in Sterling. I have a US client that I invoice in USD, but with a fee to offset the bank charges plus the differential on the interbank rate. Beyond that, underlying currency fluctuation is a business risk.

Also note that you can reduce the differential on the interbank rate if you open a foreign currency business account to accept the foreign payment and then a separate account with a dedicated exchange service, like HiFX or Oanda, to handle the exchange to your Sterling business account (they won't accept third party payments from a client).

[fullyautomatix]

Mods, please move this to the 'Psychocandys life blog' where we can comment appropriately.

Thanks.

IMO, this thread should be moved to General where ATW can make a suitable contribution.

[psychocandy]

Yeah, not much you can do about it, assuming you can't invoice in Sterling. I have a US client that I invoice in USD, but with a fee to offset the bank charges plus the differential on the interbank rate. Beyond that, underlying currency fluctuation is a business risk.

Also note that you can reduce the differential on the interbank rate if you open a foreign currency business account to accept the foreign payment and then a separate account with a dedicated exchange service, like HiFX or Oanda, to handle the exchange to your Sterling business account (they won't accept third party payments from a client).

Business risk, eh? HMRC will be proud of me.

Yeh. I already use currencyfair to do the exchanges. Much better rate but you cant polish a turd.... :-(

[psychocandy]

Mods, please move this to the 'Psychocandys life blog' where we can comment appropriately.

Thanks.

Or NLUKs 'cheerful and happy' blog.