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Exchange Rates different from Current $ to PKR Rate

I tried to send money to my bank account in Pakistan. And as we know dollar price to PKR has hit to 140+ yesterday. But Payoneer is still showing 136 as exchange rate. Any thoughts on this


  • EdwinPayoneer
    EdwinPayoneer Confirm Email, Member, Administrator Posts: 366 ✭✭✭✭✭✭✭
    edited June 2020

    Hi @adilmalik393 . Which rates were you viewing when you saw them over 140? It is important to remember that we use the current most market rate for transfers when currency is being converted.

    There is also the 2% fee for conversion which factors into the final amount you see.