Why Are Conversion Rates Are So High?

[andyvnguyen97]

I got charged $144 CAD for sending $108 USD. That's a conversion rate of  1.34 CAD/1 USD. Why's it so high compared? This already includes a $5 USD fee.

[kernowlass]

@andyvnguyen97 

Paypals currency conversion charges show before you click to send any funds.

https://www.paypal.com/uk/smarthelp/article/where-can-i-find-paypal's-currency-exchange-rates--faq19...

[andyvnguyen97]

I know that. I'm asking why are they so high? When someone sends me $100 USD, I'll get $122 CAD. If I send someone $100 USD, I'm charged $134. That's a pretty big disparity.

[kernowlass]

@andyvnguyen97 

Not sure how we can possibly know the answer to that one.

Ask Paypal?