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Thread: Currency rates (added every week or two).

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  1. #1
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    Quote Originally Posted by 5FDP View Post
    Check the paypal exchange rate though if paying using that method. I always find them to be lower than the official exchange rate.
    For the USA subtract about .02 cents from the XE rate to get roughly what Paypal will be using.

  2. #2
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    is it really only .02 cents? I swear its more like a full 2 cents.

  3. #3
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    That's probably what he meant, as most currency conversions (banks, airports, paypal) adjust a couple cents/percent to make their profit, and some then add a fee on top just to be sure they make money.

  4. #4
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    Sorry yes I meant a full 2 cents, but when looking at the rate it's presented as a ratio so an xe rate of 0.92 equates to a paypal rate of roughly 0.9

  5. #5
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    Quote Originally Posted by llamatron View Post
    Sorry yes I meant a full 2 cents, but when looking at the rate it's presented as a ratio so an xe rate of 0.92 equates to a paypal rate of roughly 0.9
    That's how I figure it out roughly too, and it normally works well.
    Though the other day I paid for something with PayPal and even though XE said the rate was 0.93 PayPal charged it at 0.90.
    Not sure how that happened -_-

  6. #6
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    Official Currency rates can change suddenly, and it can take time for banks and paypal to adjust their own - kinda like the big banks with mortgage rates (quick to change when they go up, slow to change when they go down).

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