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786kainat
Community Member

dollar rates

Our exchange rate is $115.20 but still we are getting from upwork as $104.++.on ever transation.  what is the reason we getting very low rates. please need explanation. thanks

1 REPLY 1
kochubei_valeria
Community Manager
Community Manager

Hi Mumtaz,

 

Please note that the difference in exchange rates is not something Upwork can control and the rate you're seeing on your Upwork account is the most recently used one. Since rates constantly change throughout any given day, the rate you received is the rate offered by our bank at the time your specific transaction was processed.

 

When a bank converts a transaction, they will mark up the interbank rate to buy or sell a currency. Online calculators will not take into consideration the mark up that is applied. 

~ Valeria
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