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Payment in foreign currency vs Euro

  • 08-08-2013 8:21pm
    #1
    ScissorPaperRock
    Registered Users, Registered Users 2 Posts: 2,708 ✭✭✭


    I'm being paid for some work for a Canadian organisation, and have been offered the options of having Canadian dollars or Euro lodged in my account.

    Which is the better option?


Comments

  • #2
    nlgbbbblth
    Closed Accounts Posts: 5,668 ✭✭✭nlgbbbblth


    I presume the work is valued / billed in CAD$?

    If so who will decide the euro equivalent?

    Ask them. And then check rates with your bank or xe.com as a guideline (rough)


  • #3
    ScissorPaperRock
    Registered Users, Registered Users 2 Posts: 2,708 ✭✭✭ScissorPaperRock


    Thanks nlgbbbblth

    Yes, the work is valued in CAD. I imagine that the bank they use in Canada will decide the Euro equivalent.

    I was trying to find information on Bank of Ireland conversion rates for deposits of foreign currency but couldn't seem to find any. I was under a bit of pressure time-wise so ultimately suggested to the organisation that Euro would be better for me, in the hope that it would mean I could avoid paying conversion charges at least.

    Hopefully there won't be any major loss in doing it this way.


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