Bits of Stuff
This form does not yet contain any fields.
    Search
    created by jules
    recent conversations
    Thursday, November 15, 2007 at 6:23 PM
    6:23PM

    « PayPal Sets Own Exchange Rate for Canadian $ »

    DateThursday, November 15, 2007 at 06:23PM


    According to the Bank of Canada - the Canadian dollar closed today at
    1 CAD (closing)1.0151USD

    And yet, my purchase of a neat quilt via PayPal has Paypal quoting the following exchange rate:
    1 CAD = 0.993893USD

    Ahem.
    This isn't the first time I've come across wonky, phony exchange rates. Many American retailers and institutions are choosing to ignore the differences in exchange now. They think they can pretend and the nasty expensive Canadian dollar will go away?
    Authorjules | Comment3 Comments |

    EmailEmail Article to Friend

    Reader Comments (3)

    grrr!
    November 20, 2007 | Unregistered Commenterstevland
    You said it!!
    :-)
    November 21, 2007 | Registered Commenterjules
    I know exactly what you mean...

    Instead of Paying 396$ Canadian for an item on Paypal... I have to pay 417$ - Thats insane!
    Paypal will eventually have a competitor to wipe it out and teach it a good lesson.
    March 19, 2008 | Unregistered CommenterJoseph

    PostPost a New Comment

    Enter your information below to add a new comment.

    My response is on my own website »
    Author Email (optional):
    Author URL (optional):
    Post:
     
    All HTML will be escaped. Hyperlinks will be created for URLs automatically.

    Notify me of follow-up comments via email.