{"id":2866,"date":"2014-05-26T16:12:54","date_gmt":"2014-05-26T15:12:54","guid":{"rendered":"http:\/\/positech.co.uk\/cliffsblog\/?p=2866"},"modified":"2014-05-26T16:14:57","modified_gmt":"2014-05-26T15:14:57","slug":"exchange-rates-from-hells-heart-i-stab-at-thee","status":"publish","type":"post","link":"https:\/\/www.positech.co.uk\/cliffsblog\/2014\/05\/26\/exchange-rates-from-hells-heart-i-stab-at-thee\/","title":{"rendered":"Exchange rates&#8230;from hells heart I stab at thee&#8230;"},"content":{"rendered":"<p>That might be Shakespeare, not sure, I think it&#8217;s from the wrath of khan. Anyway&#8230;<\/p>\n<p>Because I&#8217;ve been an indie developer for a thousand years, right from back when isildur cut the wrong from saurons hand, I have learned a few lessons, one of them being &#8216;exchange rate conversion is a bitch&#8217;. Because I live in the old world paradise of England, and the global games market is based &#8216;across the pond&#8217; in the USA, I tend to get paid in dollars. That used to seem ok, because you just converted it to \u00a3 and there you go. And yet&#8230;. it turns out the exchange rate banks use for this is filed under the &#8216;exchange rate for dumbass schmucks that have no clue&#8217; folder.<\/p>\n<p>You can get a better rate through dedicated exchange rate companies, which is annoying because it means transferring to them, and then back again to a different account, and in any case beyond a certain minimum amount, you can get a better rate anyway, if you call the bank and ask for it.<\/p>\n<p>So my first step was to set up a dollar bank account, which was an epic tale that makes wagners &#8216;ring&#8217; cycle look like an episode of antiques roadshow, but I digress&#8230;<\/p>\n<p><a href=\"http:\/\/positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/ach1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-2867\" src=\"http:\/\/positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/ach1-300x73.png\" alt=\"ach1\" width=\"300\" height=\"73\" srcset=\"https:\/\/www.positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/ach1-300x73.png 300w, https:\/\/www.positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/ach1-317x77.png 317w, https:\/\/www.positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/ach1.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Now I have a dollar account, and have actually persuaded almost everyone I deal with to pay into it, using dollars (except apple, fuck you apple&#8230;), I progress to the next level&#8230;<\/p>\n<p><a href=\"http:\/\/positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/ach2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-2868\" src=\"http:\/\/positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/ach2-300x73.png\" alt=\"ach2\" width=\"300\" height=\"73\" srcset=\"https:\/\/www.positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/ach2-300x73.png 300w, https:\/\/www.positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/ach2-317x77.png 317w, https:\/\/www.positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/ach2.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Which is great. Now all I have to do is pick the right moment for the exchange rate, when the pound is really weak against the dollar (so I get lots of pounds). I started looking to pick my moment around October&#8230;<\/p>\n<p><a href=\"http:\/\/positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/chart1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2870\" src=\"http:\/\/positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/chart1.png\" alt=\"chart\" width=\"500\" height=\"156\" srcset=\"https:\/\/www.positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/chart1.png 500w, https:\/\/www.positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/chart1-300x93.png 300w, https:\/\/www.positech.co.uk\/cliffsblog\/wp-content\/uploads\/2014\/05\/chart1-317x98.png 317w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n<p>Well bugger&#8230; It looks like my timing isn&#8217;t exactly awesome. My economist head tells me that a booming house market and recovering economy means that speculators suspect UK interest rates will rise before the US, hence people piling into pounds and making them expensive. Grrrr. It&#8217;s basically moved from 1.6 to 1.7, so roughly 6% of my earnings over the last 8 months have evaporated in exchange rates. That sounds worse than it is, because the default exchange-rate losses from a normal bank account are *so bad* I would probably be losing 3-4% on them anyway.<\/p>\n<p>Plus it&#8217;s not all doom and gloom, the last week or two has shown it sliding back in the &#8216;right&#8217; direction. I just hope it slides a bit further before I have to start eating the carpet or convert some dollars&#8230; If only the UK economy would implode and us be plunged into economic letdown here, things might improve from my POV. Or as <a href=\"http:\/\/www.imdb.com\/character\/ch0001547\/quotes\">Garak<\/a> put it&#8230;<\/p>\n<p><i>&#8220;<\/i>How thoughtless of me not to consider the effects the destruction of my home world would have on your business; These must be trying times for you, be brave.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>That might be Shakespeare, not sure, I think it&#8217;s from the wrath of khan. Anyway&#8230; Because I&#8217;ve been an indie developer for a thousand years, right from back when isildur cut the wrong from saurons hand, I have learned a few lessons, one of them being &#8216;exchange rate conversion is a bitch&#8217;. Because I live<\/p>\n<p class=\"text-right\"><span class=\"screen-reader-text\">Continue Reading&#8230; Exchange rates&#8230;from hells heart I stab at thee&#8230;<\/span><a class=\"btn btn-secondary continue-reading\" href=\"https:\/\/www.positech.co.uk\/cliffsblog\/2014\/05\/26\/exchange-rates-from-hells-heart-i-stab-at-thee\/\">Continue Reading&#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2866","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.positech.co.uk\/cliffsblog\/wp-json\/wp\/v2\/posts\/2866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.positech.co.uk\/cliffsblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.positech.co.uk\/cliffsblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.positech.co.uk\/cliffsblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.positech.co.uk\/cliffsblog\/wp-json\/wp\/v2\/comments?post=2866"}],"version-history":[{"count":2,"href":"https:\/\/www.positech.co.uk\/cliffsblog\/wp-json\/wp\/v2\/posts\/2866\/revisions"}],"predecessor-version":[{"id":2872,"href":"https:\/\/www.positech.co.uk\/cliffsblog\/wp-json\/wp\/v2\/posts\/2866\/revisions\/2872"}],"wp:attachment":[{"href":"https:\/\/www.positech.co.uk\/cliffsblog\/wp-json\/wp\/v2\/media?parent=2866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.positech.co.uk\/cliffsblog\/wp-json\/wp\/v2\/categories?post=2866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.positech.co.uk\/cliffsblog\/wp-json\/wp\/v2\/tags?post=2866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}