Publié le:
November 10, 2006 4:43 PM | Message n°103372 |
Patricia Lane
Veteran   Langues maternelles: French, EnglishMessages: 227 Membre depuis: January 21, 2006 Lieu: France | Rates issues: the US-Euro condundrum
Assuming you are expected to quote a standard rate per word that will be valid over time (in the case of repeat clients -direct or agencies) and not establishing a quote per project, how do you handle shifts in currency exchange that swing wider than the usual range? Do you integrate the fluctuations:
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Publié le:
November 10, 2006 4:48 PM | Message n°103373— en réponse au n°103372 |
Maxi Schwarz-Bastami
Expert    Langues maternelles: English, GermanMessages: 7849 Membre depuis: September 26, 2003 Lieu: Canada | RE: Rates issues: the US-Euro condundrum There is a standard rate, parting from which projects are calculated depending on complexity, time consumption etc. I have voted "other" because I do not quote an all-time rate, though I can give an approximation. The rate is the same regardless of how it is calculated. I suppose the currency is one that must be worked out between outsourcer and service provider. Sometimes an outsourcer has limitations, especially if they are a large co. Maxi
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November 10, 2006 5:14 PM | Message n°103377— en réponse au n°103372 |
Laurent Chiacchierini
TC Master
Expert Langue maternelle: FrenchMessages: 5572 Membre depuis: December 31, 2003 Lieu: France | RE: Rates issues: the USD-Euro conundrum
Being based in France, I have a rate in Euros, even for clients outside the Eurozone (mainly the US and UK), and have never had any problem with such clients accepting to pay in Euros.
This has been an advantage since the Euro was introduced: this currency is treated by business clients on an equal footing with other 'major' currencies, such as the USD and GBP.
And I have always found it a shame that rates advertised on TC profiles can only be expressed in USD. There should be a currency menu to be able to select between major currencies when you specify your rates.
Just my two (euro!)cents...
Laurent
[Modifié par Laurent Chiacchierini - November 10, 2006 5:16 PM]
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Publié le:
November 10, 2006 5:26 PM | Message n°103380— en réponse au n°103372 |
Patricia Lane
Veteran Langues maternelles: French, EnglishMessages: 227 Membre depuis: January 21, 2006 Lieu: France | RE: Rates issues: the US-Euro condundrum
I am in France too but some clients outside the EU insist I quote in USD - regardless of whether in the end they pay me in Euro or USD. Notwithstanding agencies that often ask you for a fixed rate per word for XYZ type of project, let's say one has either a long standing client or is working on a long project. In the first instance, it is very difficult to make a client suddenly accept that your rate is going to reflect the large swing in the Euro/USD pair, and in the second, one takes care in determining a bid proposal, which, by the time the project is done and payment comes in (even if done in phases) can be rendered incoherent for the translator (living in Euroland) when the "value" and associated purchasing power of his fee melts.
I was wondering how other translators handled that because, at least for me, it is starting to pose "interesting" challenges sometimes...
Patricia
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Publié le:
November 11, 2006 5:08 AM | Message n°103397— en réponse au n°103372 |
Siragan Gailus
New User
Langue maternelle: English
Messages: 2
Membre depuis: December 5, 2005
Lieu: United States
(removed) | RE: Rates issues: the US-Euro condundrum Hello Patricia, The problem you described is related to what is known in economics as 'exchange rate risk.' If you are expecting payment in a currency other than that used for the quote, the details of the payment, including the exchange rate that is to be used, should be settled as part of the contract. The contract can include a specific ratio or some other mechanism for determining what the ratio will be. This applies generally.
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Publié le:
November 11, 2006 10:28 AM | Message n°103421— en réponse au n°103372 |
Jacek K.
TC Master
Langue maternelle: Polish
Membre depuis: February 18, 2003
Lieu: Poland | RE: Rates issues: the US-Euro condundrum  ) once the swing hits 10% which means never before the lapse of 6 months so in my case no one single project is affected. Below the 10% I tend to absorbe the exchange rate fluctuations.
Jacek
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