2nd/3rd Quarter
Currency Comparison
| Currency Conversion | Feb 28 Rate* | May 23 Rate* | Change |
|---|---|---|---|
| EUR to USD | 1.059996 | 1.078706 | 0.01871 |
| GBP to USD | 1.206939 | 1.24155 | 0.034611 |
| AUD to USD | 0.673395 | 0.662796 | -0.010599 |
| CHF to USD | 1.066262 | 1.110698 | 0.04436 |
| JPT to USD | 0.007334 | 0.007218 | -0.000116 |
| CAD to USD | 0.73542 | 0.740376 | 0.004956 |
Source: OANDA Historic Rates: https://www.oanda.com/
3rd Quarter Annuity/Renewal
Currency Overview
3rd quarter currency rates for most major jurisdictions should be only nominally higher than comparable Q2 currency rates.*
Clients invoiced in USD for Euros or British Pounds can expect to pay slightly more than Q2, but the Japanese Yen and some other jurisdictions will be cheaper. See slide 3 for more detail.
Bottom line: Overall Q3 currency costs for major jurisdictions shouldn’t be substantially higher than their 2nd quarter equivalents. Significant quarter-to-quarter currency increases should be a red flag.
*Rates discussed here are exclusive of vendor currency premiums, assume a constant premium between Q2 and Q3 and assume no significant, negative global events before invoices ship.
2nd/3rd Quarter
Making It Real
Hypothetical Portfolio Distributed Across Major Jurisdiction
Your Portfolio Mix will impact your cost
| PTO Fees | Cost on Feb 28 | Cost on May 23 | Difference | % Change |
|---|---|---|---|---|
| 250k EUR | 264,999 | 269,677 | +4,678 | 1.77% |
| 250k GBP | 301,735 | 310,388 | +8,653 | 2.87% |
| 250k AUD | 168,349 | 165,699 | -2,650 | -1.57% |
| 250k CHF | 266,566 | 277,675 | +11,109 | 4.17% |
| 2.5M JPY | 183,350 | 180,450 | -2,900 | -1.58% |
| 250K CAD | 183,855 | 185,094 | +1,239 | 0.67% |
| Total | $1,368,854 | $1,388,983 | +$20,129 | +1.47% |
Costs discussed here are exclusive of vendor currency premiums
