PPC Affiliates in German/spanish/Japanese

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This could be a very valuable thread if those working in foreign languages answer here. I have a couple of excellent Spanish language domains and open to ideas on monetizing.
 
I've just begun experimenting with PPC campaigns in Spanish - geo-targeting US, but for users set to Spanish as their preferred language in Google. Took 6 years of the language in school, but only remember the curse words. At the moment, working out how to generate the search phrases - split campaigns between English and Spanish or do Spanish only? Easy enough to get ideas for ad copy from those targeting Spanish speakers.
 
On a side note, I was able to get the #2 position for "dinero" for .10 in the Spanish language targeting in Adwords. Didn't convert worth a shit, but try doing that for "money".
 
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