I have paypal account. My base currency is AUD. I want to check the conversion rate for buying a stuff in USD.

When I go to payment step they show the actual USD amount and actual AUD that will be taken and the actual conversion rate used for AUD to USD. But is there a way I can check the paypal's AUD to USD exchange rate with out going to the payment step? The Paypal 'classic' site option has now been removed and you will not know what you will be charged UNTIL YOU COMMIT TO BUY.

You will Not be aware of this UNTIL you commit to by.

Paypal informs me there are no plans to restore the 'classic' option Paypal site. FYI, just found this https: The exchange rate is determined by a financial institution and is adjusted regularly based on market conditions. Adjustments may be applied immediately and without notice to you. When your payment is funded by a debit or credit card and requires a currency conversion, you consent to and authorize PayPal to convert the currency in place of your debit or credit card issuer.

You have the right to have your card issuer perform the currency conversion and can choose this option during checkout on your transaction review page before you complete the transaction. Can this be true? I cannot speak for Paypal specifically and I doubt anyone who doesn't actually work on their internal automated payment systems could.

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. There is no law stating an institution must honor a specific market exchange rate. Institutions can determine their own rates how and when they want to.

However, there is some useful information on their website: Interbank exchange rates are established in the course of currency trading among a global network of over 1, banks, and are not available through consumer or retail channels. This leads me to believe they pull exchange rates from either Oanda or XE periodically and then use these rates throughout the day to conduct business.

Paypal does not disclose who they use to determine rates. And it's highly doubtful they do this for every transaction using live rates. Even if they did, there would be no way for you to check and be certain of a particular exchange rate as paypal states:.

To obtain actual retail rates, contact your local financial institution or currency exchange, or check the rate displayed in your PayPal transaction. This is partly because rates can change by the second just like stock prices or anything else which is susceptible to the open market's variables of supply, demand news events etc.

So, even if you check the rates on Oanda which you can do here: However, if you want to estimate, using Oanda's currency converter will likely get you close in most scenarios. That is assuming Paypal doesn't charge a premium for the exchange, which they may. 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. 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.

There is a way I discovered of finding the current exchange rate before committing to buy, go to send payments, put in your own second email, pay 1gbp as the amount and it will give you the exchange rate and fees in your own currency, in my case euro, before you have to click on send payment.

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How to check the paypal's current exchange rate? Kumaresan 1 1 3. PayPal does charge a premium, both for sending and receiving.

Dollar to Euro - USD to EUR exchange rate - Find the best United States to Europe currency transfer

Here's how you find their rates: Log in to the "summary" page. Directly above the numerical amount of your balance are the words "PayPal Balance" Click on "PayPal Balance". A new window will open showing current balances of any currency that you have ever owned there. All of my money is in US Dollars but there are zero balances for British Pounds and Euros.

For a while I kept foreign currency balances because you do not pay PayPal's premium to spend your own money but if you need to purchase another currency to pay for a foreign purchase you do.

The only way that you obtain a currency balance to to be paid in that currency and instruct PayPal to leave it there rather than converting it to your home currency. Anyway, lowest on the new window is "manage currencies".

A new window will open. On the right side is "currency exchange". Don't know if this will work if you do not carry a balance in any currency. To find how much of your currency is required to buy one unit of the foreign currency, divide the above result into the amount of your currency that you started with. George Hamilton 51 1 1. I think the interface has changed, it's now: More info here paypal.

It's not that entirely surprising is it. Most companies that offer currency conversion option when you buy something will charge a processing fee. They're not banks themselves after all. And even if you go to banks, because the amount you're converting is relatively small, the banks' offer would also be a bit worse off than the currency exchange rate you see publicly listed, which is likely for large-volume currency transactions.

Even if they did, there would be no way for you to check and be certain of a particular exchange rate as paypal states: Paul Salber 2. Rea Oct 17 '16 at 0: In it, you'll get: The week's top questions and answers Important community announcements Questions that need answers. There is a way I discovered of finding the current exchange rate before committing to buy, go to send payments, put in your own second email, pay 1gbp as the amount and it will give you the exchange rate and fees in your own currency, in my case euro, before you have to click on send payment share improve this answer.

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