i pay for software updates and hosting in usd. yes bank charges me a conversion fee on this. and they charge gst on that conversion fee.
when i pay in foreign currency through paypal, it gives me two options... i can pay using their conversion rate or i can pay using my bank's conversion rate.
has anyone calculated which is cheaper generally speaking? i also wonder if gst would be applied by paypal on these currency conversion. i am guessing not because the transaction is processed by their international division? 18% gst on conversion charges by bank might push it ahead of paypal's own conversion charges? annoying stuff.