Comments on: Exchange rates: USD/CHF http://evendays.org/2007/09/26/exchange-rates-usdchf/ 200 words more or less every other day about life in Lausanne… www.evendays.org Tue, 02 Dec 2008 14:06:28 +0000 http://wordpress.org/?v=2.1 By: thurman8er http://evendays.org/2007/09/26/exchange-rates-usdchf/#comment-7047 thurman8er Wed, 26 Sep 2007 16:04:00 +0000 http://evendays.org/2007/09/26/exchange-rates-usdchf/#comment-7047 There's a math lesson in there somewhere. There’s a math lesson in there somewhere.

]]> By: Stoogelover http://evendays.org/2007/09/26/exchange-rates-usdchf/#comment-7048 Stoogelover Wed, 26 Sep 2007 22:21:00 +0000 http://evendays.org/2007/09/26/exchange-rates-usdchf/#comment-7048 This is some of what they call "higher math," isn't it? This is some of what they call “higher math,” isn’t it?

]]> By: cwinwc http://evendays.org/2007/09/26/exchange-rates-usdchf/#comment-7056 cwinwc Fri, 28 Sep 2007 02:35:13 +0000 http://evendays.org/2007/09/26/exchange-rates-usdchf/#comment-7056 What is it with all of this math? Has Jesus returned? What is it with all of this math? Has Jesus returned?

]]> By: Deb http://evendays.org/2007/09/26/exchange-rates-usdchf/#comment-7059 Deb Fri, 28 Sep 2007 08:10:37 +0000 http://evendays.org/2007/09/26/exchange-rates-usdchf/#comment-7059 Wouldn't it be more beneficial to be fully paid in the currency of the country one is living in? It seems to be partially paid in USD means that one will be doubly taxed and both sources of income compromised? Also, those US employers and others who support and who pay a person living in a foreign country in USD might not ever appreciate how the USD fluctuates against the local currency, and how that can affect the financial obligations/commitments of the ones living in the foreign country on a USD pay scale. Tax systems in countries are so different – it is difficult to see how being paid in one national currency would support those living under the burden of a different national tax system. I guess what I am trying to say (and confuse things even further!) is that if Americans are going to financially support and pay others to do their work in a foreign country, then, if it takes $2 to equal £1 (for example), and they expect their employee to live as equitably amongst the locals as they (the American employers) are living amongst their locals, they would need to commit to easing any extra financial burdens placed on their employee and double up on their salary? And they would take a continuing, weekly interest in the world market’s exchange rates so they can stay on top of the game. Man, my brain hurts when I have to think! :) Wouldn’t it be more beneficial to be fully paid in the currency of the country one is living in? It seems to be partially paid in USD means that one will be doubly taxed and both sources of income compromised? Also, those US employers and others who support and who pay a person living in a foreign country in USD might not ever appreciate how the USD fluctuates against the local currency, and how that can affect the financial obligations/commitments of the ones living in the foreign country on a USD pay scale. Tax systems in countries are so different – it is difficult to see how being paid in one national currency would support those living under the burden of a different national tax system.

I guess what I am trying to say (and confuse things even further!) is that if Americans are going to financially support and pay others to do their work in a foreign country, then, if it takes $2 to equal £1 (for example), and they expect their employee to live as equitably amongst the locals as they (the American employers) are living amongst their locals, they would need to commit to easing any extra financial burdens placed on their employee and double up on their salary? And they would take a continuing, weekly interest in the world market’s exchange rates so they can stay on top of the game.

Man, my brain hurts when I have to think!

:)

]]> By: Brady http://evendays.org/2007/09/26/exchange-rates-usdchf/#comment-7060 Brady Fri, 28 Sep 2007 13:21:11 +0000 http://evendays.org/2007/09/26/exchange-rates-usdchf/#comment-7060 Hi Deb: Sure it would be better to be paid in the local currency. Many companies do that for their expats and then index their living (ex: Plus 30 or 40 % for Switzerland). Sometimes people work for a small company, or a small church, and that's not always possible. So other arrangements have to be made. You're right though, that those in the USA who support or salary expats, need to be very aware of what's going on. Thanks for the comments! Hi Deb: Sure it would be better to be paid in the local currency. Many companies do that for their expats and then index their living (ex: Plus 30 or 40 % for Switzerland).

Sometimes people work for a small company, or a small church, and that’s not always possible. So other arrangements have to be made.

You’re right though, that those in the USA who support or salary expats, need to be very aware of what’s going on.

Thanks for the comments!

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