There is never one currency conversion rate; there is the ask price, which is the lowest price for which a currency is sold and there is the bid-price, which is the highest price somebody wants to pay. When immediately buying foreign currency, you must be prepared to pay the ask-price which is always slightly higher than the bid price.

I believe the currency conversion rate is inconsistent and change everyday like a bunny on steroids... all I can say is I hate paying things for USD over paypal, one moment its 920 GBP for some 1.7k bill in USD and then the next is 1.09k GBP and im left thinking 'wow i have to pay 170 GBP more for the same product since a month.

I wish there would be less change! or make it cheaper for me! it really messes me over when I have adsense gettin converted from $ to GBP at bad currency times and having to pay hosting in $ with GBP at those currency times, effectively i lose 200-300 GBP every month to one or the two.

By the way, where doy ou see the ex-rate of your PiP?

Under the payment history tag
->Oct 28, 2008 Payment Details>- it's a link

I had a moan about this last month, but to be fair it's about right this month (last month it was about 10p -15p out).

Works out about $1.63 to a £

johnnie, you see it at My Account -> Payments -> details

Works out about $1.63 to a £

Interesting...this means that they must convert publishers' earnings in blocks of "however many" since a couple of days ago mine was done at $1.57. We all obviously get different rates depending in which block we are.

It's happening with different countries:

"So this is the fourth time, that I found, Google messing up paying their publishers. First time was with Australian publishers back in December 2007, then with Canadian publishers in early September (August pay period), then with Indian publishers last month and now again with Indian publishers."--SEO Roundtable

[http://www.seroundtable.com/archives/018568.html]

Mine worked out 1.63.

I got 0.537:1 on Sept 29th which wasn't great

[edited by: NickWilsdon at 3:32 pm (utc) on Oct. 30, 2008]

1.63 here too.

I wouldn't complain too much since I've just converted several thousand US Dollars to Sterling for business purposes and today it's 1.707...Sterling's yo-yoing like the SERPs even though the wholesale commercial rate is shown as 1.62604!

They are (bankers in general) bleeding us dry to make up for all their screw-ups.

Got .537 in Sept
.613 in Oct (just processed)
PS I'm talking about payment dates not which month the earnings were made

here in brazil we are seeing a sudden increase in the value of the american dollar. it was worth R$ 1.60 for the past 6 months, last month went up to R$ 2.30, giving me a good reason to smile. this difference was worth around 1.000 dollars plus for me, when i went to transfer the money to my account!