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| Utilisateur | Auteur du fil: ProZ.com Staff Poll: Does the strong euro impact your business? |
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ProZ.com Staff 
États-Unis
COLLABORATEUR DU SITE |
This forum topic is for the discussion of the poll question "Does the strong euro impact your business?".
View the poll here
A forum topic will appear each time a new poll is run. For more information, see: http://proz.com/topic/33629
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Tomas Mosler
Tchèque (République)
 Membre (Jun 2008)
anglais vers tchèque
| | a different point of view | Jul 9 |
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]
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Marek Buchtel
Tchèque (République)
Membre (2005)
anglais vers tchèque
+ ...
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I have the same problem as Tomas.
It's the WEAK euro and VERY WEAK dollar that impact my business negatively 
Of course, strong koruna is to blame.
But it's a real disaster 
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Konstantin Kisin
Royaume-Uni
Membre (2004)
russe vers anglais
+ ...
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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.
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Nikki Graham
Royaume-Uni
Membre (2003)
espagnol vers anglais
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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!
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Magda Dziadosz
Pologne
Membre (2002)
anglais vers polonais
+ ...
MODÉRATEUR |
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
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Fernando Walker
Argentine
Membre (2007)
anglais vers espagnol
+ ...
| | A catch-22 situation | Jul 9 |
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
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Giuseppina Gatta
États-Unis
Membre (2005)
anglais vers italien
+ ...
| | Positive situation for me | Jul 10 |
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
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azalia
Pologne
Membre (2005)
anglais vers polonais
+ ...
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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 |
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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
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Marta Cervera
Espagne
Membre (May 2008)
catalan vers espagnol
+ ...
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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...
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Michaël Temmerman
Belgique
Membre (2005)
anglais vers néerlandais
+ ...
| | why not raise your rate? | Jul 10 |
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...
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Oleg Rudavin
Ukraine
Membre (2003)
anglais vers russe
+ ...
MODÉRATEUR | | Currencies and trends | Jul 10 |
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.
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neilmac
Espagne
Membre (2007)
espagnol vers anglais
+ ...
| | No as far as I know | Jul 10 |
... although the use of "impact" as a verb certainly gets my goat.
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Williamson
Royaume-Uni
flamand vers anglais
+ ...
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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]
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xanthippe
France
Membre (Jun 2008)
français vers italien
+ ...
| | No, the strong euro doesn't impact my business | Jul 10 |
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]
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