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Old 08-02-2012, 02:40 AM   #1 (permalink)
Dwade Collector
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Join Date: Jun 2012
Posts: 1,595
Default Paypal question (Canadian-USD rate?)

Hey guys, I am a basketball guy who knows nothing about hockey, but I have a question to ask my fellow Canadians out there.
My question is:

Why does paypal say that my CAD is greater than the USD when converted (Meaning that CAD is worth more than USD)
But when I go to spend, the USD becomes greater than the CAD (Meaning that the CAD is worth less than the USD)

Example in "inaccurate numbers" to prove my point:

Paypal balance: $150 CAD = $160 USD

Sending payment: $100 USD = $110 CAD

I am really confused about this, can someone please explain why paypal is screwing up the exchange rates.
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