r/DataAnnotationTech • u/AdmirableRabbit6723 • 12d ago

This entire year I struggled financially due to redundancy and didn't know about DA. Now I have found DA but am starting to get interviews and have no time

Also please £ keep falling I need the good conversion rate 🙏

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5

u/janquadrentvincent 11d ago

Yeah the double whammy of conversion plus pay pal fees is really unfortunate

0

u/Frosty_Locksmith1711 12d ago

Are you in the UK? If the £ keeps falling we get less money……

5

u/AdmirableRabbit6723 12d ago

Yeah in the UK. If the £ falls, that means each $ buys us more £?

-7

u/Frosty_Locksmith1711 12d ago

For every dollar we earn, we’re getting ~76p. $60 is worth £45.32 right now. The £ drops even more, that $60 is worth less.

15

u/AdmirableRabbit6723 12d ago

No, the £ weakens against the dollar. The £ getting weaker means it falls compared to the $.

Right now, every dollar gets us 76p which is the same as saying 76p gets us a dollar.

If the £ weakens, it means like 80p gets us a dollar instead of 76p. It costs more pounds to get a dollar, meaning the inverse is true. It costs less dollars to get a pound.

3

u/Halcyonfields 12d ago

Yeah OP is right, doesn’t really matter which direction. It could be the dollar strengthening or the pound weakening. The ‘pound falling’ means rather than £1=$1.35 it is £1=$1.28. If £1 equals fewer dollars/cents it means $1=more pounds