I just cashed out my Google Adsense income from CIMB through Western Union bank and the rate is USD1 equivalent to RM3.31 only. Chey, I was expecting RM3.45. Hehehe, I know, I know, higher rate spells bad news for our country but then, what the heck? I am not the Finance Minister of Malaysia, you know?
I asked Bank Simpanan Nasional and apparently, the rate is the same. I am not sure how true is this. They said the exchange rate is fixed on the day Western Union wired over the money and not the current day exchange rate, i.e. the day we go to the bank to cash out.
Anyone knows if this is true? Have you cashed out your Adsense this month and what exchange rate did you get?
Kelwin(September 29, 2008 - 8:43 pm)
If I am not wrong, the exchange rate paid out to us is based on either the rate at time it was wired by Google or when it was cashed out by us. Needless to say, it has to be the lower one between the two.
kchan(September 29, 2008 - 9:36 pm)
I’m new in the whole adsense things, i think last time i bank in my cheque in Public bank it was 3.34 too although the rate was 1 to 3.50 back then :(
offshore hosting(September 29, 2008 - 11:16 pm)
Great info.So much to learn from this site.
tunepal(September 30, 2008 - 12:02 am)
i guess, its still higher rate.
Bryan(September 30, 2008 - 1:00 pm)
I was told the same thing by CIMB staff. We went to the same branch is it? LoL…
Btw, I love when our Finance Minister screw our currency. Wakakka…
lilian(September 30, 2008 - 1:15 pm)
Bryan – Yalor, I think same Air Itam branch, the least people. Yayaya, screw somemore, we fatt tatt. Hahaha.
chris(October 3, 2008 - 2:40 am)
I went to CIMB to cash out mine at a rate of 3.4x on 30sep…
Vincent(October 4, 2008 - 10:45 pm)
I got mine days ago at 3.38. Only now I know the rate was fixed at the time Google WU the money. So there is no need to hunt for the right day when the graph spikes to withdraw the money.
Jayce(October 5, 2008 - 11:25 am)
I got RM3.35 to USD1 last month at Public Bank.
Domino(October 6, 2008 - 11:06 am)
Yes, the rate will be the rate of the day money is wired to your account. Unless yours is a USD current account then the USD will be kept in USD until you convert it to RM. Then it will be the rate of the conversion day.
exinco(October 6, 2008 - 6:40 pm)
if i not mistaken i got 3.30 per dollar with RHB Bank.
for this next claim i want to use Public Bank