Philippines Outsourcing Tip: Pay Attention To The Exchange Rate

by | Jun 16, 2011 | outsourcing, philippines outsourcing | 14 comments

I shot this video in the Red Cliffs Recreation Area in St George, UT.
That waterfall is slightly bigger than it looks and was fun for my 4 and 6 year olds to slide down into the pool below.

Pay attention to the exchange rate.

File Download:  MP3 Audio, < 1 MB

14 Comments

  1. @josephbison
    @josephbison on June 16, 2011 at 3:21 pm

    Thanks John am always on xe website monitoring USD to GBP

    Reply
  2. Charlie
    Charlie on June 16, 2011 at 3:30 pm

    Great point John! Thanks

    Reply
  3. Matt
    Matt on June 16, 2011 at 3:31 pm

    Exactly. The better idea is to pay in PHP and not USD, as they don't buy anything there in USD, everything is in PHP….I know…I just got back from Manila a week ago! 🙂

    Reply
  4. Irani
    Irani on June 16, 2011 at 3:53 pm

    I pay my workers in php and not us dollar.

    Reply
  5. todd
    todd on June 16, 2011 at 4:16 pm

    Just pay them in PHP. Its easier that way.

    Reply
  6. johnjonas
    johnjonas on June 16, 2011 at 4:41 pm

    Just so everyone knows, you end up paying them in PHP regardless, because xoom or paypal or whatever converts it to PHP when they get it.

    I just know a lot of people have contracted with their workers to pay them in US dollars.
    If you have, pay attention to the exchange rate.

    Reply
  8. Boris
    Boris on June 27, 2011 at 2:37 am

    Guys, how can i pay in Pesos through PayPal and oDesk?

    Reply
  9. Paul
    Paul on June 28, 2011 at 4:32 pm

    When I had someone working with me fulltime I was paying them in PHP. I found it much easier.

    @boris. In paypal there is an option where you can select what currency to pay in. Just change it to PHP. With odesk I don't think you can do anything other than USD.

    Reply
  10. carlos
    carlos on August 7, 2011 at 11:52 am

    Hi John.
    What about the Tracking Software, when are you going to let us know about it. I missed that post.

    Carlos.

    Reply
  11. Concerned Employer
    Concerned Employer on November 11, 2011 at 10:10 am

    John, since we are talking about compensation here, How about the promised $50 incentive for your "top-pick" recommended VA's after working for a month with their respective employers? I received so many negative things about it.. re: You are 'allegedly" not keeping what you've promised… Please give us some light about this issue..

    Reply
  12. eczema cream
    eczema cream on February 3, 2012 at 1:07 pm

    I read article, I am sure I have read this days ago on msn. It definately makes you take notice.

    Reply
  13. exema
    exema on February 3, 2012 at 2:42 pm

    I read post, I am sure I have read this years ago on tmz. It really makes you uneasy.

    Reply
  14. Cindie Perrez
    Cindie Perrez on February 5, 2012 at 9:22 pm

    Thanks for this glorious article. One other thing is that nearly all digital cameras are available equipped with any zoom lens that enables more or less of any scene to become included by way of ‘zooming’ in and out. These changes in focusing length tend to be reflected while in the viewfinder and on huge display screen right at the back of the camera.

    Reply

Leave a Reply

%d bloggers like this: