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Conversion of USD in PKR

Active Member
Irfan A Member Since: Sep 13, 2017
1 of 11

 

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?   

Active Member
Omer J Member Since: Apr 28, 2015
2 of 11

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. Smiley Happy

Let me know if you have any confusion. I'm always here to help.

Thanks,
Omer

Active Member
Hafsa F Member Since: Jun 22, 2015
3 of 11

How can I link up my bank account with payoneer?

Community Guru
Petra R Member Since: Aug 3, 2011
4 of 11

 


@Hafsa F wrote:

How can I link up my bank account with payoneer?


 Ask Payoneer.

Active Member
Muhammad Z Member Since: May 17, 2018
5 of 11
in 2018 which method should be used? as upword charging $1 for withdraw to local bank and $2 for payoneer. For example how much money i will get if i withdraw 20$ .
Active Member
Sidrah R Member Since: Mar 4, 2019
6 of 11

hi, i wanted to know about withdrawing money from upwork what method is cheaper? and suits best to withdraw money in PKR

Active Member
Farrukh K Member Since: Jan 2, 2018
7 of 11

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.

Active Member
Farrukh K Member Since: Jan 2, 2018
8 of 11

The bank transfer is best as per my openion.

Community Guru
Mr M Member Since: Apr 27, 2013
9 of 11

It is best for tranfering money under 1000$ otherwise go for the 30$ payment method. Wire Transfer (USD).

"One thing I know, that I know nothing. This is the source of my wisdom"
Active Member
Sidrah R Member Since: Mar 4, 2019
10 of 11

hi, I am using local bank transfer method, but unable to understand how to upwork is using exchange rate can you help me understand it? I have done some research on internet but there is no authentic information anywhere. 

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