Hi Sana,
I would like to let you know that the exchange rate is actually determined by Upwork's partner bank. Upwork does not have control over the exchange rate the bank uses when they process a withdrawal.
You can see the actual conversion rate whenever you go to Get Paid and withdraw your earnings. The rate randomly changes, so we cannot predict the rate you will receive until it was already done or processed.
Most likely, there's also some variation in the stability of USD against your local currency that causes a decrement in the conversion rate such as inflation and other factors into their exchange rates. Just to share, for other countries too, the currency conversion rates vary depending on the processing bank and timing. You may contact your bank to inquire about how the currency is being converted.
The exchange rates are bank-dependent; i.e. they may vary even when you check last time in the morning, evening, etc. So that is really incomparable for us though however if you are comparing the rate to what you see on the web, as in Bloomberg or Google or XE., this represents the wholesale interbank rate, which is typically higher than what most banks can convert at.
Kindly note as well that Foreign exchange rates are something that Upwork cannot control.
~ AJ
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