Conversion from USD to BRL

[tonylampada]

When a brazilian user is making a payment, Paypal will only take the payment if the currency is BRL (that's why the profile edit page asks specifically "are you brazilian?")

The payment page converts from USD to BRL by using a fixed rate of 1USD = 2BRL.
This is obviously wrong, FS should somehow get a current rate from somewhere trustable.

Also, that screen does a bad job at telling the user about the currency. So the user might freak out for a while when he sees his $30 offer appear as a $60 (sorry about that @mvallebr !)

[tonylampada]

Also, http://www.freedomsponsors.org/core/issue/20/incoming-transactions-do-not-take-into-account-currency-of-origin

[tonylampada]

Anyone knows where I can get currency exchange rates ?
/cc @mvallebr

[mvallebr]

I think this is what you want, but not sure: https://cms.paypal.com/us/cgi-bin/?cmd=_render-content&content_ID=developer/e_howto_api_APConvertCurrency

[tonylampada]

Will test it later, tks @mvallebr !

[tonylampada]

Tested it.

baseAmountList=[{'currency':{'code':'BRL', 'amount':1.00}}]
convertToCurrencyList=[{'currencyCode':'USD'}]
r = paypal.convert_currency(baseAmountList=baseAmountList, 
    convertToCurrencyList=convertToCurrencyList)
r
{'estimatedAmountTable': {'currencyConversionList': [{'baseAmount': {'amount': '1.0',
     'code': 'USD'},
    'currencyList': {'currency': [{'amount': '2.74', 'code': 'BRL'}]}}]},
 'responseEnvelope': {'ack': 'Success',
  'build': '3988550',
  'correlationId': '37fdfa0c5b56f',
  'timestamp': '2012-10-21T11:46:29.567-07:00'}}

(Meaning 1USD = 2.74BRL)

If we invert currencies paypal will say

1BRL = 0.34USD

And 1 / 2.74 = 0.364

"Real" sources say 1USD = 2.09BRL.

I guess I can't use Paypal then? 👎

[tonylampada]

Asked on Stackoverflow --> http://stackoverflow.com/questions/13002511/paypal-convertcurrency-api-gives-a-wrong-usd-brl-rate-why

[tonylampada]

Also asked in the Brazilian forums --> https://www.paypal-brasil.com.br/forum/index.php?/topic/206-conversao-usd-brl-da-um-resultado-absurdo-274/

[tonylampada]

Goodbye paypal, Hello Google
http://www.google.com/ig/calculator?hl=en&q=1USD%3D%3FBRL

[tonylampada]

And hello Yahoo!
http://download.finance.yahoo.com/d/quotes.csv?s=USDBRL=X&f=sl1d1t1ba&e=.csv

[tonylampada]

More details about this
http://stackoverflow.com/questions/1393385/currency-exchange-rates-for-paypal
http://stackoverflow.com/questions/181990/programmatically-access-currency-exchange-rates
http://stackoverflow.com/questions/1789699/php-example-for-paypal-adaptive-payments-convertcurrency-api

[tonylampada]

With this, I'm calling this closed
http://blog.freedomsponsors.org/a-note-to-brazilians/