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%