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Local currency conversion rate decreasing continously

b27ba323
Ace Contributor

Hello everyone. I work from Bangladesh. I have been here since mid 2014. I always withdrawed my money through local bank transfer and it works good too. But only problem is the USD to BDT(Bangladeshi currency) conversoin rate is quite low than market rate.

 

For example, when conversion rate is 1 USD= 78.4 BDT on google, Upwork shows last day's conversion rate at like 74+ BDT. Now I understand bank conversion are done in lower rates than usual but this is way too much difference. 

 

Another point, in 2014 Upwork's conversion rate was 75+ BDT(close to 76BDT). And as time went by it slowly decresed to current rate of 74.2BDT as of April 30th 2016 rate.

 

So if I withdraw like $3000 even at 2 BDt difference I lose 6000BDT which is equivalent of $81. That's a big hit and price of another job. Not cheap.

 

Support says they can do nothing about this. I want to hear from others out here facing this toruble. What alternative method can we have besides this.

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