Paypal conversion from $ to Rupees?

by Pankaj Kumar in Q n A - Find answers to your questions

54 106 3.34k

13 years ago

Hi lovely Boddunan member,
Presently, I have withdrawn a total of 350 $ Few days before from my Paypal account @ 1$ = 44.44Rs.

but now the present Value of Rs has increase to 49Rs for $1, so there is high loss:( My bad luck. near about 2000Rs.

The thing here is when we are doing cash out it is good for us because getting high value but when we buy we also have to pay high money !

Which one is better in both terms, I mean for us and for country.

Expert please comment! :ohmy:

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I am a Coder and Blogger.
Currently pursuing my engineering degree and will be a software engineer in 2013..

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deepu

30 1.25k 20.7k

13 years ago

#148732

Yes this is unfortune everyone face in his life but how you collect so much dollar in your paypal account.

Gulshan Kumar Ajmani

3.48k 21.9k 176.9k

13 years ago

#148767

Yes this is unfortune everyone face in his life but how you collect so much dollar in your paypal account.

When dollars are cheap, exporters gain and importers lose. This is just a way of international business. If we indulge in import or export, we cannot escape this. However, one may safeguard his interests by hedging.

G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

Rajani K

145 7.14k 58.4k

13 years ago

#148773

Pankaj,

I think the paypal will deduce its commission and convert to rupee. So, even if dollor rate increase or decrease they will take a constant value of 1$=45 Rs
I got a cheque of 50$ previously which was convereted like that only.

Sasikanth

751 10.8k 86.6k

13 years ago

#148776

Thank you i had known some thing about the paypal but clearly i had not known how to draw from it.

Earn money just for joining in this site.

http://www.money-friends.net/users/profile/en/155119.html

sarala

384 12.8k 85k

13 years ago

#150626

@Rajani

You are right, paypal will deduce the conversion of the amount and then redeem it into cash

Slow and Steady Wins the Race.

Santosh Kumar Singh

872 7.54k 86.3k

13 years ago

#150641

Do not feel bad what happne in past just do best in present becase we did not bring anything when we came to the world so you did not loss anything.

Santosh Kumar Singh

http://experienceofknowledge.blogspot.com/

sarala

384 12.8k 85k

13 years ago

#151981

Anyway now paypal is not much secured one. because once a person send money to paypal and if we wont transfer to our bank there is chance for them to take the money. so its better alert pay is best

Slow and Steady Wins the Race.

Suny Ag

253 20k 141.2k

12 years ago

#237635

There is no way you can keep your money in Paypal now or spend it any where because they transfer it to your bank account on daily basis on current rate. They have started deducting @4% from June 25 as conversion charges too.

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Sandhya Rani

654 20.8k 133.1k

12 years ago

#237636

I have a doubt.....
If Indian Rupee is decreasing against Dollar value, we receive low money????????? Actually, I thought it as reverse.

Meera sandhu

Sanjeev Gupta

222 12.3k 79.1k

12 years ago

#237682

There is no way you can keep your money in Paypal now or spend it any where because they transfer it to your bank account on daily basis on current rate. They have started deducting @4% from June 25 as conversion charges too.

This is new for me i think they were not charging any fee before now they have started it.

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