on their website: https www. Update: PayPal updates it's exchange rate 2 times a day. Third, the Paypal Manage Currencies page will display. If you are selling 500 work from home mortgage jobs USD you can input it directly as the amount. On the Amount field, you can just add in 1 if you want to check what is the exchange rate for 1 USD to PHP. Or the buyer and seller could agree to use the official.
Paypal itself for the days prevailing forex rate. That is also assuming they use live rates, it's also possible they only update their rates based on market rates periodically and not for every transaction. However, I can speak from experiencing in working on automated forex transaction systems and tell you what many institutions do and it is often NOT based on live rates. You may want to test this by checking the exchange rate on your transaction and comparing that to the Oanda rates at the same time. Unforunately, there the Interbank Exchange Rates vary from source to source and from minute to minute. You can now click Calculate. The buyer and seller could agree to use the forex market exchange rate for the day, see here for a forex currency converter. And add.5 spread above this rate to determine their retail foreign exchange rates. We have custom shopping cart and use. You can now inform the buyer to deposit to your bank account the peso equivalent of the USD funds that you will send to his Paypal account from your own Paypal account. Fourth, after clicking Calculate, you will see the Paypal USD to PHP exchange rate conversion. There is no law stating an institution must honor a specific market exchange rate.
Our 'home' currency is Euro, but we would like to present our customers the option to pay in different currencies (USD, CAD, AUD and GBP). The results vary widely, somewhere from 1 to 6! Paypal exchange rate for USD to Peso, you now need to check. (at least, that is what they state).