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 incr

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'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.