Since my previous encashment of my Google Adsense earnings on the last week of February, the Dollar-Peso rate has now increased two Pesos in favor of the Dollar. If I had waited to convert it to Peso to this exact day MArch 27, that would have cost me a significant increase of almost a thousand Pesos(hehe, you should have figured out my Adsense earnings by now). Let’s take a look at the 30 day Peso-Dollar Rate graph below taken from exchange-rate.org:
I’m sort of a mathematician, so I’d say that the Dollar is again gaining on the peso based on the trend. I have no complete idea what’s causing this on the business side of things but sometimes just observing and trusting the mathematics of it can bring you better earnings. How? By holding on to your dollars for now, and converting them to Peso at a much later time. That’s if you have no use for the money as of the moment and you have other sources of income.
The trend before was to encash in Peso as immediately as you take out the money from Western Union, owing to the fact that the Dollar is falling. Now that it’s showing resistance to the supposed-to-be stronger Peso, it might be best to deposit your Google Adsense earnings, or your PayPal withdrawals, on a Dollar Savings account. Which is exactly what I’m going to do. I’m going to wait it out a couple more months before I use my blogging money.
What do you think of this strategy?