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Plummeting value of GBP since Brexit Thread poster: Tom in London
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Tom in London
United Kingdom
Local time: 07:58
Member (2008)
Italian to English
TOPIC STARTER
Decipherit wrote:
Sure enough, a Paris-based agency has just sent a round robin asking for my "rates in pounds".
They're quick, aren't they?
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then change your current Euro rate into Pounds.
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Tom in London
United Kingdom
Local time: 07:58
Member (2008)
Italian to English
TOPIC STARTER | British tea, jam and biscuits will be at the heart of Britain's Brexit trade plans | Oct 21, 2016 |
This guy is the only UK political commentator I trust.
https://www.youtube.com/watch?v=Y3cOaawUptc
(for those not familiar with British newspapers:
The Torygraph = The Daily Telegraph
The Daily Fail = the Daily Mail
The Substandard = The London Evening Standard
etc.)
[Edited at 2016-10-21 10:05 GMT]
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Lingua 5B 
Bosnia and Herzegovina
Local time: 08:58
Member (2009)
English to Croatian
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| Some of my UK clients did it on their own. | Oct 21, 2016 |
Gabriele Demuth wrote: then change your current Euro rate into Pounds.
A while ago I logged into their online system only to find my total earnings are now expressed in GBP, whereas it's always been in EUR for the past several years. As far as I am aware, I am on a gain. I mean, it wasn't a conversion, it's the same amount/rate, they just replaced EUR with GBP.
[Edited at 2016-10-21 10:10 GMT]
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XXXphxxx (X)
United Kingdom
Local time: 07:58
Portuguese to English
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| If they insist | Oct 21, 2016 |
Gabriele Demuth wrote: then change your current Euro rate into Pounds.
I've ignored it since I haven't worked for them for quite some time, but if they insist I'll send them a link to xe.com
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Beats me why anyone based in the UK would invoice in anything other than pounds.
That way you know exactly what you're going to get.
Your customers are always going to be better equipped to absorb currency fluctuations than you. And the chances of you beating the markets are slim.
And there's less admin.
So at times I'm 10% more expensive. Do I really need to worry that all my customers are going to jump ship to the legions of equally expert t... See more Beats me why anyone based in the UK would invoice in anything other than pounds.
That way you know exactly what you're going to get.
Your customers are always going to be better equipped to absorb currency fluctuations than you. And the chances of you beating the markets are slim.
And there's less admin.
So at times I'm 10% more expensive. Do I really need to worry that all my customers are going to jump ship to the legions of equally expert translators in my field who used to be 5% more expensive than me but are now 5% cheaper? Or just say, sod it, let's use Google Translate instead? I don't think so.
[Edited at 2016-10-21 13:51 GMT] ▲ Collapse
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Tom in London
United Kingdom
Local time: 07:58
Member (2008)
Italian to English
TOPIC STARTER
Chris S wrote:
Beats me why anyone based in the UK would invoice in anything other than pounds.
Allow me to explain why:
My clients are in countries where the Euro is the standard currency. That's the one they understand.
I hope that's clear.
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XXXphxxx (X)
United Kingdom
Local time: 07:58
Portuguese to English
+ ...
Beats me why anyone based in the UK would invoice in anything other than pounds.
I mainly work with direct clients across Europe, most are public bodies and pay in their national currency or international organisations who pay in USD - take it or leave it.
As for this particular agency, our relationship began around 10 years ago when I was living in France so agreed fees were always in Euros. I have virtually no clients in the UK. I don't think expert translators need worry but since bulk market agencies are focused on maximising profit on each every deal translators working in that market can expect to lose out to UK translators -- until the exchange rate shifts again.
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Most of my clients pay in their own currency, that is Euro, GBP or US$ (I couldn't accept others), so nothing has changed really, everybody pays the same rate as before and nobody so far has tried to take the current exchange rate advantage away from me.
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Tom in London wrote:
My clients are in countries where the Euro is the standard currency. That's the one they understand.
I hope that's clear.
They must be exceptionally thick not to be able to grasp the concept of other currencies.
[Edited at 2016-10-21 14:00 GMT]
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Tom in London
United Kingdom
Local time: 07:58
Member (2008)
Italian to English
TOPIC STARTER
Gabriele Demuth wrote:
Most of my clients pay in their own currency, that is Euro, GBP or US$ (I couldn't accept others), so nothing has changed really, everybody pays the same rate as before and nobody so far has tried to take the current exchange rate advantage away from me.
Same here. In any case I think the "exchange rate advantage" is probably cancelled out by the increase in the cost of imported goods, including food.
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