Paypal currency exchange rate different than official rate ?!

[OGsoundFX]

Hello,

I just converted some USD to Euros within my paypal account with a paypal conversion rate of 0.8669. but the official rate today is 0.89 !

That is a 11.56 Euros difference, it's huge ! How is that possible ?

I couldn't find any explanation anywhere for such a huge difference between official rates and paypal rates...

So every time I get paid with paypal in USD (which is almost always), they take a commission, plus they take another commission when I convert my USD to EUR ? In the end, paypal is becoming my biggest expense in my professional activity !

If someone could clarify this exchange rate issue, this would be very much appreciated.

Best,

Olivier <removed>

[Jurgen9200]

Sorry, but are we talking here about the same problem I have ?

I made 2 payments to AirB&B in USD. When we see our statement, we see 1 EUR = 0.9966 USD ==> wrong

It should be +/-  1 EUR = 1,0538 USD

I just did the verification with their online calculator and the converse rate is correct there but WRONG ON THE STATEMENT. In my eyes, they swapped dollar with euro. The euro has NEVER been lower than the USD (I'm an accountant).

Finally I found someone who understood the problem and a file is opened. It will take max 2 weeks to solve this issue.