I am disappointed with Paypal exchange rate too. I would like to withdraw balance in my paypal to my local bank account in these few days. However, according to Paypal exchange rate for USD to Malaysia Ringgit today, the exchange rate is 1USD = 4.188MYR whereas the www.xe.com (The World's Trusted Currency Authority) show the exchange rate is 1USD = 4.31526MYR. May I know why the difference is so huge? How does Paypal calculate and make up their exchange rate? I understand Paypal receive a wholesale rate quote from their bank twice a day and add 2.5% to determine the retail foreign exchange rate to apply to transactions that involve a currency conversion but I still feel doubt on their calculation on exchange rate and hope they could give a fair and reasonable exchange rate for their members. Thank you.
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