Google Adsense has just announced that they will be publishing Adsense reports in Euros for publishers who are located in France, Germany, Italy, the Netherlands, and Spain. The new system will now convert dollars into Euros on a daily basis by using the prevailing market rate from the previous day.
This way publishers will avoid the risk of currency exchange fluctuations between US Dollar and the Euro. Note that you will still have option to receive your payments in either U.S Dollars or Euros with a range of payment methods as well.
The new Terms and Conditions stated by Adsense are as followed
- The party that publishers are contracting with changes from Google Inc. to Google Ireland Limited.
- Publishers are responsible for paying any local taxes in their jurisdiction. Google will only issue VAT refunds to publishers with an address in Ireland.
- The governing law changes from California law to either English or local law.
Further more it is highly recommended that you download and save copies of all your previous earnings in U.S dollars. As soon as you update your account you will be able to view current and past reports only in Euros while you'll still be able to view your prior payment history of U.S. Dollar earnings.
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