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Jeff Jardine wrote in message ...
> Yesterday, I considered making a withdrawl from my paypal account for the
> first time. The exchange rate from $US to $CDN is disappointing.
> They brag about how great their rates were in October 2001:
When they first started letting Canadians withdraw to a bank account, the
exchange rate was very bad. Example: on June 19th I withdrew from Paypal to
my bank acct and got 1.4798. Oanda.com shows 1.5356 for that day, so I lost
3.77%. March 20th I got a Paypal rate of 1.5191 vs oanda's 1.567, a loss of
3.15%.
Since October 2001 the rate has been better - for example on July 10 I did a
Paypal withdrawal and got 1.47891 vs 1.5121 on oanda, a loss of 2.24%. Just
for comparison, on 9 July I exchanged a US$ MO at my bank and got 1.4908:
oanda.com shows 1.5238 that day, so I "lost" about 2.21%. Not really that
much difference, but then you do have to add in the US$0.55 / CN$0.85 Paypal
charges us for every withdrawal.
There are better days and worse days, perhaps because of lag-time in the
rates published on oanda or used internally by Paypal.
Kevin
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 | | Paypal exchange rate
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| Yesterday, I considered making a withdrawl from my paypal account for the first time. The exchange rate from $US to $CDN is disappointing. They brag about how great their rates were in October 2001: "PayPal's Improved Canadian Exchange Rate PayPal (...) (22 years ago, 16-Jul-02, to lugnet.market.services, lugnet.loc.ca)
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