Dear Bernard,
Thank you for contacting PayPal.
The exchange rate will be calculated anytime funds are converted from
one currency to another. This includes anytime payments are sent,
refunded, denied, or cancelled. The rate PayPal presents includes a
small risk factor as well as a currency conversion fee. For this
reason, when funds are credited to your credit card, the amount that is
credited to the card may be different than the amount sent from the
card.
· The exchange rate is a variable rate that may fluctuate from day
to day.
· If the exchange rate on the day the funds were sent is different
than the exchange rate on the day the funds were credited, there will
be a difference in the amounts.
If you have any further questions, please feel free to contact us
again.
Sincerely,
Richetta
PayPal Finance Department