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Upwork currency conversion rate is way too low.

javco
Active Member
Jalal S Member Since: Sep 4, 2017
1 of 3

Hello, everyone.

 

I have noticed from yesterday (still now) that Upwork's currency conversion rate for MAD(Moroccan Dirham) is way too low here is some input :

 

--------------------------------------

*As of Sep 10, 2017 13:00 UTC.

Upwork :

8.8749 MAD/USD*

 

Google :

9.29 MAD/USD

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*As of Sep 11, 2017 15:00 UTC.

Upwork :
8.865 MAD/USD

 

Google : 

9.33 MAD/USD

--------------------------------------

 

Can someone explain this please?

 

tirahayu
Active Member
Tias R Member Since: Aug 17, 2016
2 of 3

Currency Rate -  How it works_ Comic

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

Upwork does nots er currency exchange rates. Banks do.

 

Unless you ARE a bank you never get the mid market rate you see on those sites, banks earn money from exchanging currencies, which is why there is a difference.

 

And that "cartoon" doesn't make any more sense by being posted repeatedly.

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