Hacker News Reader

Comment by jpmonette | Hacker News Reader

Data is impossible to read - seems like some people are converting their salary to USD, some others leave it in their home currency and a rare few provide the accurate currency. Interesting initiative though - would love to see this in a better format :)

View on HN

Why do you say this? Can you give an example of someone who has converted their salary to USD?

At the end I plan to polish the results and publish them

I am European and live in Europe but I've always been paid in USD and my salary is negotiated in USD, so I am not sure what parent means or why does currency matter.

Well currency matters if you want to compare all answers.

Also, the question specifically says "in €, otherwise specify" (edit: ok, I see it was added later).

It's weird that you are paid in USD in Europe, isn't it? How comes?

A lot of US companies tend to pay in USD regardless of locale when hiring remote.

That would suck so much, taking a 30% paycut just in the past 7 months due to this.

It would also suck for the company to have payroll costs increase 30% because one of their remote devs happens to live in another country :)

The company can always re-negotiate, but a 30% paycut might mean you can’t afford your rent or mortgage anymore.

According the ECB[1] data on 24 Jan 2017 the exchange rate was 1 EUR = 1.0514 USD and today is 1 EUR = 1.1806 USD so we have:

    (1.1806-1.0748)/1.0748 = 0.0984 => 0.0984 * 100 = 9.84%

How exactly did you manage to lose 30%?

[1] https://www.ecb.europa.eu/stats/policy_and_exchange_rates/eu...

Then take another time span, but the currency fluctuations are so large that it becomes the largest factor to how much you actually take home.

I definitely wouldn't want that.

(I misremembered which currency fell 30% against the Euro, it was the pound instead)

WWCD for UK people though, huge payrise in GBP if you're paid in USD

First clients were based in the US. So it started from there.

Then I wanted to use a reserve currency[1] and I happen to have strong opinions on currencies, policies (FED, ECB, etc.), so I opted for the safest bet in the long run.

[1] https://en.wikipedia.org/wiki/Reserve_currency#Global_curren...

Reply on news.ycombinator.com