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exchange rate calculation

shaarif
shaarif Member Posts: 1
Hello.
I have a little confusion related to the Payoneer conversion rate. I am transferring my USD balance from Payoneer to my local bank in Pakistan.

now on http://www.xe.com/, the exchange rate is USD 1$= PKR 165.8 Rs. but on Payoneer in the withdrawal tab. It is showing that the Exchange rate: 1.00 USD = 162.5624 PKR.

I am also aware that Payoneer charges 2% for the conversion, but can't figure out how it is charging.
could anybody show me the math why it is 162.5624 instead of 165.8 PKR?

Answers

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