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Paypal's currency exchange rip-off
As of 12 noon (May 11, 2006) the current exchange rate (quoted from the Federal Reserve Bank of New York) for U.S. to Canadian currency is:
1 U.S. Dollar = 1.0989 Canadian Dollars
As of 12 noon (May 11, 2006) the current exchange rate available on Paypal for U.S. to Canadian currency is:
1 U.S. Dollar = 1.07250 Canadian Dollars
A difference of 2.6 cents on every dollar.
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