Bloody Australia Dollar - you’re killing me!

Posted by stuart as ,

It’s a given when most of us talk about what income our online ventures bring us, we’re talking about US Dollars.

Most, if not all advertising platforms pay their clients in US Dollars, which is fine for those Americans amongst us, but what about us “foreigners” when our currency gets a run on against the greenback?

Let me give you an example:

This is what, as we like to call it, the “little Aussie Battler” has done oer the last five years against the greenback. It’s currently sitting at a record high of just over US$0.83.

A look at how it’s affected my income over the last year needs to be see in the context of the following graph:

Over the last year, the Aussie Dollar has rise from just under US$0.75, to a high of around US$0.84.

So what does this mean for my income? Let’s say I make around US$100 a month (it’s actually just under that, but for the point of the exercise, an even C-note makes it easier to do the calculations)

So at the lower US$0.75, we divide my US$100 by 75, and come up with around AU$133

At the higher US$0.84, we divide our US$100 by 84, and come up with AU$119

So for doing absolutely nothing, I’m losing AU$14 a month.

No wonder we hear exporters complaining about the Aussie Dollar rising against the greenback. I guess what I’m doing is exporting my content to the world, and being paid in US Dollars for it.