I am a remote employee based in Brazil and I receive payments in USD. In South America, inflation is usually significant and payments in local currency are increased regularly to stay at the same actual value. I think that paying the employee in dollars is fair because it is a fixed expense for the company and preserves the buying power i.e. real value for the employee. It is usually as simple as a SWIFT transfer. The local receiving bank will do the conversion according to the current exchange rates and following regulations. Of course the particulars vary according to the country. It&#x27;s true that there may be fluctuations but in the long run exchange rates will reflect the actual value in the local currency and keeping the rate frozen for a year will be like paying an ever diminishing compensation.