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sheldongeorge
Joined: 03 Dec 2015
Last visit: 26 May 2022
Posts: 47
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Given Kudos: 37
Location: United States
Schools: Stanford '24 Booth '24 (II)
03 Nov 2021, 17:58
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Hey everyone.... on the Web application what exchange rate (past/present/purchasing power parity) should I use to convert salary from foreign currency to US dollar? ... Also, to convert my salary from a few years ago to USD should I still use the present exchange rate or the exchange rate at that time or Purchasing power parity calculator? ... Thanks in advance
03 Nov 2021, 21:11
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sheldongeorge
For current rates, I would use Google and just Google the exchange rate. Such as USD to EUR or something along those lines.
As to historic salary rates, you have a couple options. You can use the current rate or you can find historic exchange rates. I don’t think anyone will verify how accurately you have made the conversion so you have some leeway how you want to present the data. You can use the exchange rate for January or June or December. Ideally, you would not give yourself a pay cut 😂
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sheldongeorge
Joined: 03 Dec 2015
Last visit: 26 May 2022
Posts: 47
Given Kudos: 37
Location: United States
Schools: Stanford '24 Booth '24 (II)
06 Nov 2021, 00:26
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bb
Thank you bb , but don't the schools outsource the job of salary verification to third parties and will it not be an issue there?
