USD to INR conversion rate less as compare to other plateforms

HMConsulting
New Community Member

Hi,

 

I am facing an issue i.e. the USD to INR conversion rate as on 13 Sep 2020 is 1USD = 73.40 INR as per xe.com results. the same has been shown less 1USD = 70.4710 INR. why this difference is there ? is the paypal also charging for conversion of money from one currency to another?

 

Please clarify, Thanks in advance.

 

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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

@HMConsulting 

 

When you go on holiday and buy currency you never get the 'rate to rate' comparison amount, the company that get the funds always charge for their services as do paypal.

 

https://www.paypal.com/uk/smarthelp/article/how-does-paypal-calculate-currency-conversion--exchange-...


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