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They seem to have changed it, can't find the option anymore & now have to remember to change it every time I make a purchase.
If paypal was going to fix it...they would have by now...they are taking (AKA stealing) your money.
I'll point out again...per the paypal user agreement the currency conversion option is supposed to be available before you complete the transaction...it hasn't been there and still isn't!
"When your payment is funded by a debit or credit card and requires a currency conversion, you consent to and authorize PayPal to convert the currency in place of your debit or credit card issuer. You have the right to have your card issuer perform the currency conversion and can choose this option during checkout on your transaction review page before you complete the transaction. "
I had the same problem with new version of the site.
In new version going to "Settings", scroll down to "Payment settings". Click on "Preapproved payments", then click on "Set Available Funding Sources". And near to card you need click "Conversion Options". That's all.
P.S. Sorry for my English if there any mistakes, it's not my native.
I set it and saved it.
It was switcjed back to Paypal - go figure
The way to do it
Paypal -> Settings -> Payments -> Manage Pre Approved Payments -> Set Available Funding Sources -> Conversion Options -> Bill me in Sellers Currency
and save it