exchange rate calculation

shaarifshaarif 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

This discussion has been closed.