As with all banks inc. Lloyds Bank, 'forever at your side' - with their hand in your pocket, PayPal have increased their currency conversion rates effective from 31st August 2018. There has to be another way to getting screwed by these greedy *******s.
I assume transaction fees also apply!
Activity or Event Fee A3.1 Currency Conversion A3.1.1 For currency conversions of amounts in your PayPal account that do not form part of a specific transaction into or out of your account (e.g. converting your balance to another currency) and for transactions involving a currency conversion for which the seller has agreed to bear the conversion fee:
2.5% above the Base Exchange Rate.
A3.1.2 For all other transactions involving a currency conversion:
A3.1.2.1If you are a User registered in a Relevant Country other than the UK and Ireland:
4.0% above the Base Exchange Rate.
A3.1.2.2 If you are a User registered in the UK or Ireland:
Between 3.0% and 4.0% above the Base Exchange Rate depending on the currency into which the relevant amount is converted (please refer to the table below):
Currency and Code Currency Conversion Fee for UK Users Currency Conversion Fee for Irish Users Australian Dollar (AUD): 4.0% Brazilian Real (BRL): 4.0% Canadian Dollar (CAD): 3.5% 3.0%Czech Koruna (CZK): 3.5%Danish Krone (DKK): 3.5%Euro (EUR): 3.5%Hong Kong Dollar (HKD): 4.0%Hungarian Forint (HUF): 3.5%Israeli Shekel (ILS): 4.0%Japanese Yen (JPY): 4.0%Malaysian Ringgit (MYR): 4.0%Mexican Peso (MXN): 4.0%New Zealand Dollar (NZD): 4.0%Norwegian Krone (NOK): 3.5%Philippine Peso (PHP): 4.0%Polish Zloty (PLN): 3.5%Russian Ruble (RUB): 3.5%Singapore Dollar (SGD): 4.0%Swedish Krona (SEK): 3.5%Swiss Franc (CHF): 3.5%Taiwan New Dollar (TWD): 4.0%Thai Baht (THB): 4.0%U.K. Pounds Sterling (GBP): 3.5%U.S. Dollar (USD): 3.5% 3.0%