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Heather Fremont United States Local time: 17:17 Portuguese to English + ...
Mar 15, 2023
I am a US-based translator. I was recently asked to provide my rates in BRL for an company based in Argentina. I am concerned about this as the current exchange rate is is 1 USD to 5.31 BRL so my rates may seem exhorbitant in BRL. How should I approach this? Thanks!
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John Fossey Canada Local time: 17:17 Member (2008) French to English + ...
Exchange rates
Mar 15, 2023
I always quote in the client's currency, after checking exchange rates. If you quote in your own currency the client has to make that calculation, which is just another hurdle to overcome to get the order.
When providing services from a high cost-of-living country (such as USA) to a lower cost-of-living country it is normal for your rate to seem high, but it's not because of the exchange rate.
Baran Keki
Marijke Singer
Thayenga
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Philippe Etienne Spain Local time: 23:17 Member English to French
Even though they bet on a moderate 60% increase in 2023, what you quote now will be worth much less in dollars if you offer them long payment terms. It's the difference between expectations and actual earnings that will be exorbitant!
Philippe
EDIT: my post is irrelevant because you will quote in Brazilian currency! I don't know about inflation in Brazil, but it may be worth a look.
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Samuel Murray Netherlands Local time: 23:17 Member (2006) English to Afrikaans + ...
Quote in her currency
Mar 15, 2023
Heather Fremont wrote: ...so my rates may seem exhorbitant in BRL.
People who regularly buy stuff in BRL are used to the higher numbers. The fact that a burger costs 6 money units in the USA and 30 money units in Argentina doesn't mean the burger is 5 times more expensive in Argentina. They both cost the same. Burgers aren't 5 times cheaper in the USA just because it's USD 6.00 instead of BRL 30.00.
[Edited at 2023-03-15 19:35 GMT]
Heather Fremont
Sebastian Witte
philgoddard
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Heather Fremont United States Local time: 17:17 Portuguese to English + ...
TOPIC STARTER
Company is based in Argentina but she asked me to give my rates in BRL
Mar 15, 2023
The company is based in Argentina but I was asked to give my rates in Brazilian reais despite being a U.S. citizen based in the U.S. I have asked for further clarification.
Sebastian Witte
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ATIL KAYHAN Türkiye Local time: 00:17 Member (2007) Turkish to English + ...
Conversions
Mar 15, 2023
Converting one currency into another is pretty similar to converting one unit of measure into another. For example, to convert inches into centimeters, you multiply by 2.54 period. The only difference in currency conversion is that it may be subject to inflation whereas unit conversion is always an exact science.
That means you may have to change your multiplier from time to time. We do that all the time in Turkey due to three-digit inflation rate. My usual rate is in USD, and d... See more
Converting one currency into another is pretty similar to converting one unit of measure into another. For example, to convert inches into centimeters, you multiply by 2.54 period. The only difference in currency conversion is that it may be subject to inflation whereas unit conversion is always an exact science.
That means you may have to change your multiplier from time to time. We do that all the time in Turkey due to three-digit inflation rate. My usual rate is in USD, and does not change. However, my rate in Turkish lira changes all the time due to high inflation.
Inflation is definitely not a translator's fault. So, we have to keep on adjusting for inflation. Otherwise, it may mean that we translators pay for the high rate of inflation, which obviously does not make any sense nor it is fair for both parties. ▲ Collapse
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