Purchases and exchange rates

jmcda
Contributor
Contributor

I've made many purchases using paypal as a payment service.  I've noticed with many of my purchases that the exchange rate from canadian to us dollars is substantially offset.  Today, August06,2014, I made a purchase of 22usd on ebay and the conversion to cad was 24.73.  The currency exchange listed on the paypal invoice is listed at "1 Canadian Dollar = 0.8897 US Dollars", yet any place I find official or unofficial currency excgange rates it is listed in the area of 1 cad=0.92usd (bank of canada august06,2014).  I've noticed this to be existent for some time now and suspect I have made many purchases through ebay with such information on my paypal invoices.  Am I missing something here that doesn't show on invoices, or is this an obvious sign of incorrect currency conversion?

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PayPal_AdamD
Moderator
Moderator

Hi jmcda -

 

We understand that this can be frustrating . Here is a post that we have that may answer your questions.

 

https://www.paypal-community.com/t5/Tips-from-Moderators/Currency-Conversion-Rates/td-p/456085 

 

- Adam

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