Originally Posted by hatefulsandwich
Not all currency conversion is equal, if I recall correctly. Even when traveling internationally you will get slightly different rates depending on the converter you go to.
Where I live in Asia the banks and money changers can have wildly different rates, as in the money changers have better rates. The airports have weak rates, so they can sell their money to the banks in the city. I think it's funny how people can buy and sell cash, and make a living out of it, or a fortune, how does that make any sense?
Even a large professional company like Paypal has very weak exchange rates sometimes, perhaps since they're a monopoly so they can say "you have no choice". In China though, it's very rare anyone uses Paypal.