Why is Pay Pal Conversion Rate Incorrect

Why Does Pay Pals Dollar Conversion Rate differ to Global Pricing when Buying an Item Out side of Australia. It is always 2-3 cents wrong

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Same as most banks and other financial institutions differ slightly, paypal has their own conversion rates,  sometimes it is in your favour compared to the other avenues sometimes not, but considering the protection it offers buyers to me a few cents is really not an issue.

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