To Alvin and John :D
By right when you change from USD to SGD OR from SGD to USD, the exchange rate is almost the same. BUT for paypal, their exchange rate system is different. I have no idea why. I think is because of some different commission charged. Maybe you guys can help me go to their FAQ to find it out and explain to me?
By the way, why I say it is different is because...
Scenario 1:
You set USD as your primary currency at Paypal.
So it is from USD to SGD. The PayPal exchange rate shown is 1 USD = 1.46970 SGD.
Scenario 2:
You set SGD as your primary currency at Paypal.
So it is from SGD to USD. The Paypal exchange rate shown is 1 SGD = 0.645715 USD.
Lets make USD as 1 unit, lets do some mathematics. :D
1 SGD = 0.645715 USD
(1/0.645715) SGD = 1 USD
1.54867 SGD = 1 USD
1.55 SGD = 1 USD (round up to 2 decimal places)
I am a Singaporean. The currency I use or pay is SGD. I am changing from SGD to USD. I am the scenario 2 case. Afer all the explanation, can you understand me? If you still have doubts, do contact me again. Cheers! By the way, you can try out the Scenario 1 and 2. You will see that what I am saying is true. I don't cheat my customer! :D
+++++++++++++++++++++++++++++++++++++++++++++++++++++
To Jas :D
Only Zipia Sprees uses Paypal to pay the suppliers. The other US Sprees all uses Credit Cards.
Credit Card exchange rate at DBS is 1.515. Round up is 1.52.
We always set 0.02 higher in case the rate increase. So we set Forever 21 exchange rate as 1.54.
Paypal exchange rate at DBS is 1.54867. Round up is 1.55.
We always set 0.02 higher in case the rate increase. So we set Zipia exchange rate as 1.57.
*For details of why paypal is 1.55, read the message above.
I hope I have answered your enquires. Cheers!
