Today, with the American Dollar significantly higher than the Canadian Dollar, I transfered funds from paypal into my Canadian Bank - expecting to get a higher number of Canadian Dollars than the American I transfered. I was dissapointed. I recieved less. This does not take any fees involved in the transfer into account. I am strictly talking about the exchange rate *before* fees. RESEARCH: Since 00:00:00 EST today, As of 17:12 EST... -the highest USD has traded for CAD was 1.02124 ($1000 USD = $1021.24 CAD) -the lowest USD has traded for CAD was 1.02159 ($1000 USD = $1021.59 CAD) My paypal rate at 16:34 EST, USD traded at .992796 ($1000 USD = $992.80 CAD) QUESTIONS: How can this be? 1. How can it be that the very least that the Canadian Dollar sold for since last midnight, is more than the current paypal rate? 2. How can it be when the Canadian dollar has been worth less than the American dollar since July 30th 2011, that today paypal makes it worth more? Paypal is part of a very large network called the ACH that uses a method which by your own admission on your website: " keeps the costs of moving money lower"... Please help me understand...
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