Currency conversion
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Hi. I would like to know in what the exchange rate is based on?
Exchange rate: 1 ARS = 0,0261859 USD This is the same tha 1 USD = ARS 38,18849
But the day before the purchase the official exchange rate informed by the National bank was 1 USD = ARS 36,90. I know tha PayPals payment inlcudes the Paypals fee, but i dont know the percentage in this excahnge rate and if they take the official exchange rate.
Thanks.
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@BrunoLuciano wrote:Hi. I would like to know in what the exchange rate is based on?
Exchange rate: 1 ARS = 0,0261859 USD This is the same tha 1 USD = ARS 38,18849
But the day before the purchase the official exchange rate informed by the National bank was 1 USD = ARS 36,90. I know tha PayPals payment inlcudes the Paypals fee, but i dont know the percentage in this excahnge rate and if they take the official exchange rate.
Thanks.
Here's how to view our current exchange rate:
- Click the menu to the right of your PayPal balance.
- Click Manage currencies.
- Enter the required information under Currency Exchange and click Calculate.
- The exchange rate is displayed, and you can review it before you complete your payment.
Here’s how we set our exchange rate:
- We receive a wholesale rate quote from our bank twice a day and add a percentage to determine the retail foreign exchange rate to apply to transactions that involve a currency conversion.
- Our currency exchange rates are competitive with conversion rates used by banks and by currency exchanges.
- When you withdraw money from your PayPal account to your local bank account, we automatically convert the money into the local currency at the time of the withdrawal request.
Kudos & Solved are greatly appreciated. 🙂
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