Well, I answered my own question. It seems Paypal used the correct exchange rate, but PayPal adds a "currency conversion fee, which is 2.5%". They blend it right in with the conversion rate so it never shows up as a line item on your bill. I assume most people just don't notice. So that is the last foreign currency will make. This is also why the Ebay estimated price is never right when foreign currency is involved.
... View more