GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Why is the conversion rate at paypal so DIFFERENT?

lexr · 07-22-2003, 11:14 AM

The rates usually shown on sites like http://www.xe.com and http://finance.yahoo.com/m3?u are the interbank rates. Usually the only way to get an exchange rate (as an individual) that close to the interbank rates is to exchange dollar amounts of one million or more.

You're usually quoted lower rates by banks and such for lower amounts because that's how they make their money. The amounts quoted are usually (not always) no more than 2-4% less than the interbank rate.

07-22-2003, 11:14 AM
lexr Confirmed User Join Date: Jul 2003 Location: Tempe, AZ Posts: 428	The rates usually shown on sites like http://www.xe.com and http://finance.yahoo.com/m3?u are the interbank rates. Usually the only way to get an exchange rate (as an individual) that close to the interbank rates is to exchange dollar amounts of one million or more. You're usually quoted lower rates by banks and such for lower amounts because that's how they make their money. The amounts quoted are usually (not always) no more than 2-4% less than the interbank rate.