I have been getting payments from Upwork through Direct to Local Bank Account Transfer. For more than a month now, the Pakistani Rupee has further depreciated and today's (Sept 13, 2017) interbank rate is 1 USD = 105.4 PKR. Why am I still getting it at the old (99.8 PKR for a USD) rate?
Hey Bro, There are several better ways to withdraw your funds on much better exchange rate. Why are you wasting your hard earned money? SignUp for Payoneer Master debit card, once you receive, activate it, then link up your Local Bank with Payoneer. Now all you need to do is to withdraw your funds to Payoneer first, you will get charged only $2 by Upwork. Once you receive payment in Payoneer, transfer that money in your Local Bank (I would recommend: MCB, BankAlHabib, SC). You would be getting 103.88 to 104.09 Rupees after conversion in your local currency.
Let me know if you have any confusion. I'm always here to help.
I think there is a thing that is related with exchange rates and some transfer fee. As we seen on internet that is called the trading rates, But we convert that into our currency so there will be something that is called exchange rate.