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What exchange rate does PayPal use

PayPal uses a base exchange rate taken from wholesale currency markets, then adds its own conversion markup, which is 4.0% above the base rate for Indian Rupee (INR) conversions.

  • Base exchange rate: PayPal sources this rate on the day of conversion from wholesale currency markets or from official government reference rates.
  • Conversion markup: A percentage spread is added on top of the base rate to form the transaction exchange rate that the customer receives. PayPal's India consumer fees page sets this at 4.0% for INR.
  • When it applies: The transaction exchange rate is used when you send money in a different currency, convert a balance you hold, or receive a payment that PayPal converts automatically.

Because the markup is added on top, the final rate in any PayPal overview of a conversion is less favourable than the base rate itself. PayPal lists the markup for each currency in its published consumer fee tables.

To see the rate PayPal is currently offering before you convert:

  1. Open your wallet: Log in to your PayPal account and go to Wallet.
  2. Find the calculator: Select the currency calculator option.
  3. Pick currencies: Choose the currencies you want to convert between to view the exchange rate that would apply.
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