What is the exchange rate from USD to PKR on Payoneer?
The exchange rate from USD to PKR on Payoneer is not fixed and fluctuates based on the current market rates. Payoneer uses the mid-market rate, which is the midpoint between the buy and sell prices of two currencies in the currency markets. However, it’s important to note that Payoneer also charges a conversion fee, which is up to 2% above the mid-market rate. Therefore, the effective exchange rate you receive for your transaction may be less than the mid-market rate. It’s always a good idea to check the current rates and fees on the Payoneer platform before making any transactions.