How does PayPal calculate currency exchange rates?

PayPal receives a wholesale rate quote from our bank twice a day and we add a percentage fee to determine the retail foreign exchange rate for currency conversions. Our currency exchange rates remain competitive with conversion rates used by banks. The exchange rate applies when you: Send a payment in a currency that isn't your default.

Does PayPal have a currency calculator?

PayPal has a currency calculator that provides competitive exchange rates for currency conversions, with a percentage fee based on a wholesale rate quote.

How to convert currency on PayPal?

Select a currency and enter the amount you want to convert. Our conversion rate will be displayed on this page. Click Next . Click Convert Now . Was this article helpful? Convert currencies on PayPal by selecting desired currency, entering amount, and clicking Convert Now in Wallet or Money section. Easy and convenient.