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PayPal exchange rate is low

Malaysian can withdraw PayPal funds to local banks for FREE. But the exchange rate from USD to RM is low. I checked it just now.

PayPal_Exchange_Rate

Only 1 USD = 3.32498 MYR. Come on. Bank Negara Malaysia Ringgit Foreign Exchange Rates shows 1 USD = 3.4050 MYR on 30 October 2009. Why PayPal exchange rate is so low? You will loss RM801 RM80.10 for 1000 USD-MYR conversion. That’s a lot!!!

Anyway, will check the exchange rate again next few days. See is there any improvement. :)

USD is getting stronger, is that good?

USD currency is getting stronger day by day… And the crude oil price is getting lower too. Are all these happenings good? For me, YES. Why? Because I getting pay from US Advertisers like Google AdSense and ADSDAQ. Therefore, the stronger USD currency == the better. On the other hand, my buying power will be lesser due to higher oversea product price.


Ringgit foreign exchange rate

I still remember that US$ 1.00 == RM 3.22 last month when I withdraw Google AdSense payment using Western Union. It is US$ 1.00 == RM 3.39 now. Woo… Luckily, I did not withdraw my latest Google AdSense payment yet. :)

Hmm… How far can USD go?




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