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Convertion to "Local Currency Amount" is not fair :(

enovhero Member Posts: 5

Recently I have transfer around $5451.29 from my bank payoneer to my local bank in Morocco, but the convertion was a bit strange, as I got : 51889.90 MAD

I tested to see the convertion, and I see :

5,451.29 USD = 53,511.49 MAD

I have lost around 1621 MAD, a considerable amount :(

Someone have some details about that? I'm confused more when I see that in transfer to local bank, is with no fees.