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The following currency rates where obtained on 19th February 2002 at about 18:00. £1 =
- oanda.com ~ $1.42870 (Interbank Rate) (This is one of the 2 companies eBay.com provides a link to for currency rates)
- xe.com ~ $1.43081 (This is the other company eBay.com provides a link to for currency rates)
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 eBay.co.uk ~ $1.4284 (The link is to an eBay search for an item currently at $100, the quoted UK Pound value was £70.01)
- moneyextra.com ~ Buy $1.381, sell $1.5262
- Auctionpix ~ $1.55
- Thomas Cook ~ Buy $1.3659 (No Sell Rate Quoted)
- PayPal ~ $1.4837 (You only seem to be able to find this value if you actually try and withdraw funds to your bank)
- www.teletext.co.uk ~ Bid $1.4315, Ask $1.4321
- Currency Converter ~ (added after 19th Feb)
It is obvious from this that there is no one single set of exchange rates.
If you quote the eBay price to your buyer, they then pay using PayPal and you then withdraw the payment to your bank account
you will lose out due to the different currency rates eBay & PayPal use (not taking PayPals charges into account).
For example, using the rates above, if your auction ends at £100, eBay would convert that to $142.84,
when this is converted back into pounds by
PayPal you get £96.27, a loss of £3.73.
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