exchange rate calculation

shaarif

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?

GianmarcoPayoneer

@shaarif Hello,

If you do have further questions regarding the fees being charged for any transfers, we recommend you getting in contact with our support center directly via the link below:

https://payoneer.custhelp.com/

Thank you.